Trans-Siberian Gold PLC Asacha mining and production update (8479H)

TIDMTSG

RNS Number : 8479H

Trans-Siberian Gold PLC

26 June 2013

Trans-Siberian Gold plc

Asacha mining and production update

LONDON: 26 June 2013 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) will provide an update on mining and production at Asacha in the first five months of 2013 at the Company's Annual General Meeting today.

Mine development in April and May 2013 comprised 564 metres while ore extraction (including ore from stoping and mine development) amounted to 32,410 mt. In the same period, an average 12,120 mt per month was processed through the Asacha plant (97% of capacity). Based on the changes in mining methods previously reported, TSG expects total 2013 production of 33,800 oz gold and 62,000 oz silver.

Mining and production at Asacha in the first five months of 2013 is shown in the following table.

 
                                                         Year     January 
                       Q1 2013     April       May    to date       - May 
                                    2013      2013       2013        2012 
------------------  ----------  --------  --------  ---------  ---------- 
 Mine development 
  (m)                      396       266       298        960       1,697 
------------------  ----------  --------  --------  ---------  ---------- 
 Ore extracted 
  (mt)                  45,352    16,289    16,121     77,762      53,605 
------------------  ----------  --------  --------  ---------  ---------- 
 Ore processed 
  (mt)                  35,585    10,006    14,235     59,286      49,446 
------------------  ----------  --------  --------  ---------  ---------- 
 Average gold 
  grade (g/t)             6.36      6.79      6.27       6.41        6.47 
------------------  ----------  --------  --------  ---------  ---------- 
 Average silver 
  grade (g/t)             9.80     12.20     10.51      10.37       13.78 
------------------  ----------  --------  --------  ---------  ---------- 
 Gold recovery 
  rate (%)               94.52     93.86     93.23      94.11       95.11 
------------------  ----------  --------  --------  ---------  ---------- 
 Silver recovery 
  rate (%)               78.81     68.74     69.21      74.69       55.41 
------------------  ----------  --------  --------  ---------  ---------- 
 Gold in dore 
  (oz)                   6,826     2,025     2,621     11,472      10,321 
------------------  ----------  --------  --------  ---------  ---------- 
 Silver in dore 
  (oz)                   8,791     2,412     3,168     14,371      12,705 
------------------  ----------  --------  --------  ---------  ---------- 
 Gold refined 
  (oz)                   6,833     1,578     2,748     11,159      10,199 
------------------  ----------  --------  --------  ---------  ---------- 
 Silver refined 
  (oz)                   8,865     2,106     3,245     14,216      11,857 
------------------  ----------  --------  --------  ---------  ----------

TSG will report Asacha's full second quarter 2013 gold production in July 2013.

Ends

 
  Contacts TSG 
                                     + 44 (0) 1480 
                                            811871 
                                     + 44 (0) 7770 
 Simon Olsen                                484965 
 
                                       +44 (0) 207 
 Cantor Fitzgerald Europe                 894 7000 
 David Foreman / Stewart Dickson 
  (Corporate Finance) 
 Jeremy Stephenson (Corporate 
  Broking)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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