18 Jul 2016 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 18 July 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reports that mine development in the second quarter of 2016 comprised 986 metres while ore extraction (including ore from stoping and mine development) amounted to 43,281 mt, including new stoping ore of 5,937 mt at an average 12.6 g/t gold in April, 8,525 mt at an average 9.2 g/t gold in May and 4,378 mt at an average 9.6 g/t gold in June. In June mine development was temporarily affected by equipment breakdown and the lower average processed gold grade reflected some planned ore extraction from a lower grade area.
In the first half of 2016, an average 13,441 mt per month was processed through the Asacha plant (2015: 13,252 mt per month).
Mining and production at Asacha in the first half of 2016 is shown in the following table.
Q1 2016 |
April 2016 |
May 2016 |
June 2016 |
Q2 2016 | Year to date 2016 | Year to date 2015 | |
Mine development (m) | 1,115 | 402 | 339 | 245 | 986 | 2,101 | 1,838 |
Ore extracted (mt) | 44,067 | 15,483 | 15,428 | 12,370 | 43,281 | 87,348 | 88,133 |
Ore processed (mt) | 40,300 | 13,240 | 13,006 | 14,100
| 40,436 | 80,646 | 79,513 |
Average processed gold grade (g/t) | 7.38 | 8.53 | 8.56 | 7.30 | 8.11 | 7.74 | 7.80 |
Average processed silver grade (g/t) | 10.75 | 11.52 | 14.71 | 12.70 | 12.96 | 11.86 | 13.11 |
Gold recovery rate (%) | 94.95 | 95.25 | 94.98 | 95.69 | 95.30 | 95.13 | 95.60 |
Silver recovery rate (%) | 77.36 | 81.87 | 83.56 | 81.84 | 82.45 | 80.17 | 75.96 |
Gold in dore (oz) | 9,202 | 3,481 | 3,403 | 3,225 | 10,109 | 19,311 | 19,088 |
Silver in dore (oz) | 10,818 | 4,224 | 5,056 | 4,964 | 14,244 | 25,062 | 25,594 |
Gold refined (oz) | 9,343 | 3,256 | 2,838 | 3,243 | 9,337 | 18,680 | 17,746 |
Silver refined (oz) | 11,542 | 3,695 | 3,208 | 4,966 | 11,869 | 23,411 | 23,420 |
TSG will report Asacha's third quarter 2016 gold production in October 2016.
Ends
Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson/David Foreman (Corporate Finance) |
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