13 Jul 2015 07:00
Trans-Siberian Gold plc
Asacha mining and production update
LONDON: 13 July 2015 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the second quarter of 2015 comprised 686 metres. Development metres were lower in June due to excessive, and abnormal, water flow, however this is not expected to have any impact on future production. Ore extraction (including ore from stoping and mine development) amounted to 44,535 mt. In the first half of 2015, an average 13,252 mt per month was processed through the Asacha plant. The average gold grade in ore delivered to the plant in the first half of 2015 was 13.5% higher than in the corresponding period of 2014. Year to date production of gold in dore and refined gold was, respectively, 15.5% and 8.5% higher than in the first half of 2014.
Mining and production at Asacha in the first half of 2015 is shown in the following table.
Q1 2015 |
April 2015 |
May 2015 |
June 2015 |
Q2 2015 | Year to date 2015 | Year to date2014 | |
Mine development (m) | 1,152 | 405 | 220 | 61 | 686 | 1,838 | 1,714 |
Ore extracted (mt) | 43,598 | 13,586 | 16,292 | 14,657 | 44,535 | 88,133 | 99,557 |
Ore processed (mt) | 39,699 | 12,944 | 13,510 | 13,360 | 39,814 | 79,513 | 79,554 |
Average gold grade (g/t) | 7.43 | 8.63 | 7.89 | 8.00 | 8.17 | 7.80 | 6.87 |
Average silver grade (g/t) | 13.43 | 13.23 | 12.07 | 13.11 | 12.79 | 13.11 | 11.81 |
Gold recovery rate (%) | 95.19 | 96.01 | 95.74 | 96.16 | 95.97 | 95.60 | 94.66 |
Silver recovery rate (%) | 73.25 | 75.69 | 78.66 | 82.01 | 78.84 | 75.96 | 73.88 |
Gold in dore (oz.) | 9,044 | 3,577 | 3,188 | 3,279 | 10,044 | 19,088 | 16,526 |
Silver in dore (oz.) | 12,747 | 4,106 | 4,062 | 4,679 | 12,847 | 25,594 | 22,003 |
Gold refined (oz.) | 9,508 | 2,853 | 3,239 | 2,146 | 8,238 | 17,746 | 16,342 |
Silver refined (oz.) | 13,304 | 3,876 | 3,935 | 2,305 | 10,116 | 23,420 | 22,226 |
TSG will report Asacha's third quarter 2015 gold production in October 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 (Corporate Finance) |
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Jeremy Stephenson (Corporate Broking) |
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TSG.L (TSG)