30 Jun 2014 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 30 June 2014 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) will provide an update on mining and production at Asacha in the first five months of 2014 at the Company's Annual General Meeting today.
Mine development in April and May 2014 comprised 608 metres while ore extraction (including ore from stoping and mine development) amounted to 32,860 mt. In the first five months of 2014, an average 12,816 mt per month was processed through the Asacha plant.
Mining and production at Asacha in the first five months of 2014 is shown in the following table.
Q1 2014 |
April 2014 |
May 2014 | Year to date 2014 | January - May 2013 | |
Mine development (m) | 867 | 302 | 306 | 1,475 | 960 |
Ore extracted (mt)
| 48,682 | 15,708 | 17,152 | 81,542 | 77,762 |
Ore processed (mt)
| 35,365 | 14,068 | 14,645 | 64,078 | 59,286 |
Average gold grade (g/t) | 7.05 | 7.01 | 7.22 | 7.08 | 6.41 |
Average silver grade (g/t) | 12.90 | 11.07 | 11.48 | 12.17 | 10.37 |
Gold recovery rate (%) | 94.25 | 94.84 | 94.39 | 94.41 | 94.11 |
Silver recovery rate (%) | 76.47 | 76.71 | 67.99 | 74.69 | 74.69 |
Gold in dore (oz)
| 7,431 | 2,994 | 3,225 | 13,650 | 11,472 |
Silver in dore (oz)
| 11,033 | 3,725 | 3,613 | 18,371 | 14,371 |
Gold refined (oz)
| 6,057 | 4,200 | 1,723 | 11,980 | 11,159 |
Silver refined (oz)
| 8,785 | 6,209 | 2,015 | 17,009 | 14,216 |
TSG will report Asacha's full second quarter 2014 gold production in July 2014.
Ends
Contacts TSG | |
Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson (Corporate Finance) | |
Jeremy Stephenson (Corporate Broking) |