Trans-Siberian Gold PLC 4th Quarter Production Update (3543M)

TIDMTSG

RNS Number : 3543M

Trans-Siberian Gold PLC

20 January 2016

Trans-Siberian Gold plc

Asacha mining and production update

LONDON: 20 January 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reports that mine development at Asacha in the fourth quarter of 2015 comprised approximately 868 metres, while ore extraction (including ore from stoping and mine development) amounted to 45,467 metric tonnes. In the same period, 40,349 mt was processed through the Asacha plant, at an average gold grade of 7.39 g/t. November's lower gold grade reflected the processing of lower grade ore from the mine's upper levels and from ore stockpiles as the stopes intended to be mined in that month were inaccessible due to flooding as a result of the cyclone which hit Kamchatka at the end of October. Production from the flooded areas had resumed by the end of November.

Fourth quarter production comprised 9,030 oz. gold and 12,767 oz. silver. Total 2015 gold and silver production was, respectively, 3.5% and 9.2% higher than the 2014 results.

Mining and production at Asacha in 2015 is shown in the following table.

 
 
                     Q1       Q2       Q3           Oct          Nov      Dec       Q4     total     total 
                   2015     2015     2015          2015         2015     2015     2015      2015      2014 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Mine 
  development 
  (metres)        1,152      686    1,231           298          163      407      868     3,937     3,576 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Ore 
  extracted 
  (tonnes)       43,598   44,535   43,955        14,723       16,413   14,331   45,467   177,555   198,387 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Ore 
  processed 
  (tonnes)       39,699   39,814   41,380        13,700       13,312   13,337   40,349   161,242   156,561 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Average 
  gold 
  grade 
  (g/t)            7.43     8.17     7.64          7.61         6.98     7.56     7.39      7.65      7.68 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Average 
  silver 
  grade 
  (g/t)           13.43    12.79    10.75         11.00        13.58    12.02    12.19     12.28     13.46 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Gold 
  recovery 
  rate 
  (%)             95.19    95.97    95.19         95.49        95.07    95.00    95.20     95.40     95.06 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Silver 
  recovery 
  rate 
  (%)             73.25    78.84    75.08         79.21        82.81    79.98    80.74     76.94     67.17 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Gold 
  in dore 
  (oz)            9,044   10,044    9,680         3,263        2,808    2,959    9,030    37,798    36,513 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Silver 
  in dore 
  (oz)           12,747   12,847   10,871         4,012        4,660    4,095   12,767    49,233    45,086 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Gold 
  refined 
  (oz)            9,508    8,238    9,548         3,401        4,265    3,024   10,690    37,984    36,089 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  -------- 
 Silver 
  refined 
  (oz)           13,304   10,116   11,931         3,451        5,511    5,085   14,047    49,398    44,610 
--------------  -------  -------  -------  ------------  -----------  -------  -------  --------  --------

TSG intends to report Asacha's first quarter 2016 production in April 2016.

Ends

 
  Contacts TSG                                                   Contacts TSG 
                                                                                                   + 44 (0) 1480 
                                                                                                          811871 
                                                                                                   + 44 (0) 7770 
 Simon Olsen                             + 44 (0) 7770 484965                       Simon Olsen           484965 
 
                                                                                                     +44 (0) 207 
 Cantor Fitzgerald Europe                +44 (0) 207 894 7000          Cantor Fitzgerald Europe         894 7000 
 Stewart Dickson/David Foreman/Carrie                           David Foreman / Stewart Dickson 
  Drummond (Corporate Finance)                                   (Corporate 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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January 20, 2016 02:00 ET (07:00 GMT)

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