26 Jan 2015 07:00
Trans-Siberian Gold plc
Asacha mining and production update
2014 gold production up by 23.1%
LONDON: 26 January 2015 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reports that mine development at Asacha in the fourth quarter of 2014 comprised approximately 1,061 metres, while ore extraction (including ore from stoping and mine development) amounted to 49,739 metric tonnes. In the same period, 38,935 mt was processed through the Asacha plant, at an average gold grade of 8.74 g/t, the highest grade achieved in any quarter in 2012, 2013 and 2014.
Fourth quarter production comprised 10,310 oz. gold (the highest ever quarterly result) and 11,939 oz. silver. Total 2014 gold and silver production was, respectively, 23.1% and 15.2% higher than the 2013 results.
Mining and production at Asacha in 2014 is shown in the following table.
1st quarter 2014 | 2nd quarter 2014 | 3rd quarter 2014 | Oct 2014 | Nov 2014 |
Dec 2014 | 4th quarter 2014 | total 2014 | total 2013 | |
Mine development (metres) | 867 | 847 | 801 | 349 | 418 | 294 | 1,061 | 3,576 | 2,672 |
Ore extracted (tonnes) | 48,682 | 50,875 | 49,091 | 16,429 | 17,115 | 16,195 | 49,739 | 198,387 | 185,573 |
Ore processed (tonnes) | 35,365 | 44,189 | 38,072 | 13,017 | 13,305 | 12,613 | 38,935 | 156,561 | 155,215 |
Average gold grade (g/t) | 7.05 | 6.72 | 8.28 | 8.38 | 8.14 | 9.74 | 8.74 | 7.68 | 6.29 |
Average silver grade (g/t) | 12.90 | 10.94 | 13.93 | 13.43 | 15.92 | 19.83 | 16.35 | 13.46 | 10.45 |
Gold recovery rate (%) | 94.25 | 95.00 | 95.76 | 95.38 | 95.46 | 94.37 | 95.04 | 95.06 | 94.43 |
Silver recovery rate (%) | 76.47 | 71.45 | 65.48 | 59.04 | 55.18 | 61.63 | 58.76 | 67.17 | 75.44 |
Gold in dore (oz) | 7,431 | 9,095 | 9,677 | 3,340 | 3,301 | 3,669 | 10,310 | 36,513 | 29,666 |
Silver in dore (oz) | 11,033 | 10,970 | 11,144 | 3,565 | 3,646 | 4,728 | 11,939 | 45,086 | 39,136 |
Gold refined (oz) | 6,057 | 10,285 | 7,784 | 5,180 | 2,691 | 4,092 | 11,936 | 36,089 | 29,670 |
Silver refined (oz) | 8,785 | 13,441 | 9,121 | 5,789 | 2,617 | 4,857 | 13,263 | 44,610 | 39,026 |
TSG intends to report Asacha's first quarter 2015 production in April 2015.
Ends
Contacts
TSG |
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Contacts
TSG |
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Simon Olsen | + 44 (0) 7770 484965 | Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 | Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson/Carrie Lun (Corporate Finance) |
| David Foreman / Stewart Dickson (Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
| Jeremy Stephenson (Corporate Broking) |
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TSG.L (TSG)