TIDMTSG

RNS Number : 0389D

Trans-Siberian Gold PLC

26 January 2015

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.

 
                        1(st)      2(nd)      3(rd)           Oct          Nov                 4th 
                      quarter    quarter    quarter          2014         2014      Dec    quarter     total     total 
                         2014       2014       2014                                2014       2014      2014      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                                                Contacts TSG 
                                                                                                  + 44 (0) 1480 811871 
 Simon Olsen                          + 44 (0) 7770 484965                         Simon Olsen    + 44 (0) 7770 484965 
 
                                                                                                       +44 (0) 207 894 
 Cantor Fitzgerald Europe             +44 (0) 207 894 7000            Cantor Fitzgerald Europe                    7000 
 Stewart Dickson/Carrie Lun                                  David Foreman / Stewart Dickson 
  (Corporate                                                 (Corporate 
  Finance)                                                   Finance) 
 Jeremy Stephenson (Corporate                                Jeremy Stephenson (Corporate 
  Broking)                                                   Broking) 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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