Trans-Siberian Gold PLC Asacha mining and production update (4841K)

TIDMTSG

RNS Number : 4841K

Trans-Siberian Gold PLC

17 April 2015

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   February       March      Total      Total 
                          2015       2015        2015    Q1-2015    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 
                                           + 44 (0) 1480 811871 
 Simon Olsen                               + 44 (0) 7770 484965 
 
                                                +44 (0) 207 894 
 Cantor Fitzgerald Europe                                  7000 
 Stewart Dickson/Carrie Lun(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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