14 Oct 2015 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 14 October 2015 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the third quarter of 2015 comprised 1,231 metres. Ore extraction (including ore from stoping and mine development) amounted to 43,955 mt. In the first nine months of 2015, an average 13,433 mt per month was processed through the Asacha plant. Year to date production of gold in dore and refined gold was, respectively, 9.8% and 13.1% higher than in the first nine months of 2014.
Mining and production at Asacha in the first nine months of 2015 is shown in the following table.
Q1 2015 |
Q2 2015 |
July 2015 |
August 2015 |
Sept 2015 |
Q3 2015 | Year to date 2015 | Year to date 2014 | |
Mine development (m) | 1,152 | 686 | 386 | 447 | 398 | 1,231 | 3,069 | 2,515 |
Ore extracted (mt) | 43,598 | 44,535 | 14,798 | 13,628 | 15,529 | 43,955 | 132,088 | 148,648 |
Ore processed (mt) | 39,699 | 39,814 | 13,980 | 13,690 | 13,710 | 41,380 | 120,893 | 117,626 |
Average gold grade (g/t) | 7.43 | 8.17 | 7.77 | 7.02 | 8.12 | 7.64 | 7.74 | 7,32 |
Average silver grade (g/t) | 13.43 | 12.79 | 10.35 | 10.55 | 11.37 | 10.75 | 12.30 | 12.50 |
Gold recovery rate (%) | 95.19 | 95.97 | 95.34 | 94.88 | 95.31 | 95.19 | 95.46 | 95.06 |
Silver recovery rate (%) | 73.25 | 78.84 | 76.32 | 77.24 | 71.70 | 75.08 | 75.69 | 70.82 |
Gold in dore (oz.) | 9,044 | 10,044 | 3,303 | 2,976 | 3,401 | 9,680 | 28,768 | 26,203 |
Silver in dore (oz.) | 12,747 | 12,847 | 3,534 | 3,852 | 3,485 | 10,871 | 36,465 | 33,147 |
Gold refined (oz.) | 9,508 | 8,238 | 4,556 | 2,020 | 2,972 | 9,548 | 27,294 | 24,126 |
Silver refined (oz.) | 13,304 | 10,116 | 6,139 | 1,946 | 3,846 | 11,931 | 35,351 | 31,347 |
TSG expects to report Asacha's fourth quarter 2015 gold production in January 2016.
Ends
Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson (Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
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TSG.L (TSG)