Trans-Siberian Gold PLC Asacha mining and production update (1567C)

TIDMTSG

RNS Number : 1567C

Trans-Siberian Gold PLC

14 October 2015

Trans-Siberian Gold plc

Asacha mining and production update

LONDON: 14 October 2015 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the third quarter of 2015 comprised 1,231 metres. Ore extraction (including ore from stoping and mine development) amounted to 43,955 mt. In the first nine months of 2015, an average 13,433 mt per month was processed through the Asacha plant. Year to date production of gold in dore and refined gold was, respectively, 9.8% and 13.1% higher than in the first nine months of 2014.

Mining and production at Asacha in the first nine months of 2015 is shown in the following table.

 
                                                                                 Year       Year 
                         Q1       Q2     July     August     Sept       Q3    to date    to date 
                       2015     2015     2015       2015     2015     2015       2015       2014 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Mine development 
  (m)                 1,152      686      386        447      398    1,231      3,069      2,515 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Ore extracted 
  (mt)               43,598   44,535   14,798     13,628   15,529   43,955    132,088    148,648 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Ore processed 
  (mt)               39,699   39,814   13,980     13,690   13,710   41,380    120,893    117,626 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Average 
  gold grade 
  (g/t)                7.43     8.17     7.77       7.02     8.12     7.64       7.74       7,32 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Average 
  silver 
  grade 
  (g/t)               13.43    12.79    10.35      10.55    11.37    10.75      12.30      12.50 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Gold recovery 
  rate (%)            95.19    95.97    95.34      94.88    95.31    95.19      95.46      95.06 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Silver 
  recovery 
  rate (%)            73.25    78.84    76.32      77.24    71.70    75.08      75.69      70.82 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Gold in 
  dore (oz.)          9,044   10,044    3,303      2,976    3,401    9,680     28,768     26,203 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Silver 
  in dore 
  (oz.)              12,747   12,847    3,534      3,852    3,485   10,871     36,465     33,147 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Gold refined 
  (oz.)               9,508    8,238    4,556      2,020    2,972    9,548     27,294     24,126 
------------------  -------  -------  -------  ---------  -------  -------  ---------  --------- 
 Silver 
  refined 
  (oz.)              13,304   10,116    6,139      1,946    3,846   11,931     35,351     31,347 
------------------  -------  -------  -------  ---------  -------  -------  ---------  ---------

TSG expects to report Asacha's fourth quarter 2015 gold production in January 2016.

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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October 14, 2015 02:00 ET (06:00 GMT)

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