TSG.L Regulatory News (TSG)

RNS Number : 7508K

Trans-Siberian Gold PLC

30 June 2014

 

 

 

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)

 

This information is provided by RNS

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