17 Jul 2017 07:00
Trans-Siberian Gold plc
("TSG" or the "Company")
Q2 Production Update
Trans-Siberian Gold plc (TSG.L) announces its production update at the Asacha Gold Mine for the three months to 30 June 2017 ("Q2" or the "Period").
Highlights:
· Q2 refined gold production of 7,363oz (Q2 2016: 9,336oz)
· Full year production guidance of 32,000oz - 36,000oz unchanged
· No lost time injuries for the Period
Production Summary:
Mining and production data for the Period at Asacha is shown in the following table:
Q2-2017 | Q2-2016 | H1-2017 | |
Mine development (m) | 1,362 | 986 | 2,625 |
Ore mined (mt) | 47,539 | 43,281 | 93,693 |
Ore processed (mt) | 45,857 | 40,346 | 90,177 |
Average gold grade (g/t) | 4.8 | 8.1 | 5.1 |
Average silver grade (g/t) | 8.9 | 13.0 | 9.0 |
Gold recovery rate (%) | 93.9 | 95.3 | 94.1 |
Silver recovery rate (%) | 75.9 | 82.5 | 76.3 |
Gold in dore (oz) | 6,651 | 10,109 | 13,897 |
Silver in dore (oz) | 9,930 | 14,244 | 20,078 |
Gold refined (oz) | 7,363 | 9,336 | 15,007 |
Silver refined (oz) | 9,856 | 11,869 | 22,212 |
TSG intends to provide a production update for the third quarter of 2017 in October 2017.
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 Craig Francis |
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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.
Abbreviations
g/t grammes per tonne
oz troy ounce
mt metric tonne
m metre
Disclaimer
This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.