20 Oct 2014 07:00
Trans-Siberian Gold plc
Asacha mining and production update
8.28 g/t gold processed - highest grade for three years
LONDON: 20 October 2014 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the third quarter of 2014 comprised 801 metres while ore extraction (including ore from stoping and mine development) amounted to 49,091 mt. In the first nine months of 2014, an average 13,070 mt per month was processed through the Asacha plant. The average gold grade processed in the third quarter of 2014 was 8.28 g/t, the highest grade achieved in any quarter in 2012, 2013 and 2014.
Third quarter production comprised 7,784 oz. refined gold and 9,121 oz. refined silver.
Mining and production at Asacha in the first nine months of 2014 is shown in the following table.
Q1 2014 |
Q2 2014 |
July 2014 |
August 2014 |
Sept 2014 |
Q3 2014 | Year to date 2014 | Year to date 2013 | |
Mine development (m) | 867 | 847 | 267 | 325 | 209 | 801 | 2,515 | 1,942 |
Ore extracted (mt) | 48,682 | 50,875 | 16,437 | 16,794 | 15,860 | 49,091 | 148,648 | 131,922 |
Ore processed (mt) | 35,365 | 44,189 | 13,420 | 10,150 | 14,502 | 38,072 | 117,626 | 112,824 |
Average gold grade (g/t) | 7.05 | 6.72 | 6.82 | 10.69 | 7.94 | 8.28 | 7.32 | 6.54 |
Average silver grade (g/t) | 12.90 | 10.94 | 12.31 | 16.50 | 13.65 | 13.93 | 12.50 | 10.47 |
Gold recovery rate (%) | 94.25 | 95.00 | 95.89 | 95.30 | 96.04 | 95.76 | 95.06 | 94.39 |
Silver recovery rate (%) | 76.47 | 71.45 | 66.80 | 64.34 | 65.32 | 65.48 | 70.82 | 74.79 |
Gold in dore (oz.) | 7,431 | 9,095 | 2,921 | 3,135 | 3,621 | 9,677 | 26,203 | 22,366 |
Silver in dore (oz.) | 11,033 | 10,970 | 3,637 | 3,486 | 4,021 | 11,144 | 33,147 | 28,085 |
Gold refined (oz.) | 6,057 | 10,285 | 3,189 | 1,461 | 3,134 | 7,784 | 24,126 | 21,256 |
Silver refined (oz.) | 8,785 | 13,441 | 3,775 | 1,847 | 3,499 | 9,121 | 31,347 | 26,182 |
TSG will report Asacha's fourth quarter 2014 gold production in January 2015.
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/Carrie Lun (Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
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TSG.L (TSG)