16 Jul 2018 07:00
Trans-Siberian Gold plc
("TSG" or the "Company")
Directorate Change - Appointment of new CEO
Trans-Siberian Gold plc (TSG.LN) announces the retirement of the Company's Chief Executive Officer Dmitry Khilov with effect from 13 July 2018. He has also stepped down as a Director of the Company.
In line with the Company's succession plan, the Board of Directors has appointed Alexander Dorogov, currently CFO of TSG, as CEO on a permanent basis.
Charles Ryan, Chairman of TSG, said, "Dmitry has served devotedly since October 2009 as our CEO. He has led TSG through significant moments in its history including bringing the Asacha Gold Mine into production. We sincerely thank Dmitry for the time and commitment he has shown to the Company and his positive contributions to making TSG a success."
Commenting on his appointment, Alexander Dorogov said: "I am looking forward to leading the team to enhance the operations at Asacha and to continue to provide significant returns to shareholders."
ENDS
Contacts:
TSG |
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Stewart Dickson | +44 (0) 7799 694195
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Porter
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The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
About TSG
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia.