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26 Jun 2018 07:00
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Trans-Siberian Gold plc
("TSG" or the "Company")
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Mining Licence Extension Approved
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Trans-Siberian Gold plc (TSG.LN) announces that the Russian State Subsoil Agency ("Rosendra") has approved the Company's application to extend the existing mining licence at the Asacha Gold for a further six year period.
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The extended mining licence will expire on 31 December 2024
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Production guidance for 2018 of 36,000oz-40,000oz, remains unchanged.
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Dmitry Khilov, Chief Executive Officer of TSG, commented:
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"This is a significant milestone for TSG. This is another successful extension of the mining licence at the Asacha Gold Mine. We have a new leadership team in Kamchatka and look forward to them achieving further operational efficiencies and improvements."
Ā Contacts: Ā TSG | Ā |
Stewart Dickson | +44 (0) 7799 694195 Ā |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Porter Ā | Ā |
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About TSG
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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.
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Additional information is available from the Company's website: www.trans-siberiangold.com
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Market Abuse Disclosure
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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.
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