17 Apr 2015 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 17 April 2015 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reports that mine development activities at Asacha in the first quarter of 2015 comprised approximately 1,152 metres, while ore extraction (including ore from stoping and mine development) amounted to 43,598 metric tonnes. Plant throughput averaged 13,233 tonnes per month (5.8% above planned 12,500 tonnes).
Mining and production data at Asacha in the first quarter of 2015 is shown in the following table.
January 2015 | February 2015 | March 2015 | Total Q1-2015 | Total Q1-2014 | |
Mine development (m)
| 495 | 354 | 303 | 1,152 | 867 |
Ore extracted (mt)
| 16,401 | 13,093 | 14,104 | 43,598 | 48,682 |
Ore processed (mt)
| 12,587 | 12,603 | 14,509 | 39,699 | 35,365 |
Average gold grade (g/t) | 8.04 | 6.88 | 7.38 | 7.43 | 7.05 |
Average silver grade (g/t) | 11.93 | 15.05 | 13.33 | 13.43 | 12.90 |
Gold recovery rate (%)
| 94.90 | 95.12 | 95.54 | 95.19 | 94.25 |
Silver recovery rate (%)
| 77.55 | 66.15 | 76.73 | 73.25 | 76.47 |
Gold in dore (oz)
| 3,164 | 2,685 | 3,195 | 9,044 | 7,431 |
Silver in dore (oz)
| 4,026 | 4,046 | 4,675 | 12,747 | 11,033 |
Gold refined (oz)
| 3,318 | 1,798 | 4,392 | 9,508 | 6,057 |
Silver refined (oz)
| 4,692 | 1,940 | 6,672 | 13,304 | 8,785 |
TSG intends to report Asacha's second quarter 2015 production in July 2015.
Ends
Contacts
TSG |
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Simon Olsen | + 44 (0) 1480 811871 + 44 (0) 7770 484965 |
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
Stewart Dickson/Carrie Lun(Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
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TSG.L (TSG)