Trans-Siberian Gold PLC Asacha production update (7974S)

TIDMTSG

RNS Number : 7974S

Trans-Siberian Gold PLC

13 July 2015

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.

 
                                                                     Year           Year 
                         Q1     April      May     June       Q2       to    to date2014 
                       2015      2015     2015     2015     2015     date 
                                                                     2015 
------------------  -------  --------  -------  -------  -------  -------  ------------- 
 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 
 Simon Olsen                     + 44 (0) 7770 484965 
 
 Cantor Fitzgerald Europe        +44 (0) 207 894 7000 
 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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