TIDMTSG

RNS Number : 6823C

Trans-Siberian Gold PLC

30 June 2016

Trans-Siberian Gold plc

Asacha mining and production update

LONDON: 30 June 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) will provide an update on mining and production at Asacha in the first five months of 2016 at the Company's Annual General Meeting today.

Mine development in April and May 2016 comprised 741 metres while ore extraction (including ore from stoping and mine development) amounted to 30,911 mt, including new stoping ore of 5,937 mt at an average 12.6 g/t gold in April and 8,525 mt at an average 9.2 g/t gold in May. In the first five months of 2016, an average 13,309 mt per month was processed through the Asacha plant (2015: 13,231 mt per month).

Mining and production at Asacha in the first five months of 2016 is shown in the following table.

 
                                                      Year   January 
                                                   to date 
                           Q1    April      May       2016     - May 
                                  2016     2016 
                         2016                                   2015 
-------------------  --------  -------  -------  ---------  -------- 
 Mine development 
  (m)                   1,115      402      339      1,856     1,777 
-------------------  --------  -------  -------  ---------  -------- 
 Ore extracted 
  (mt)                 44,067   15,483   15,428     74,978    73,476 
-------------------  --------  -------  -------  ---------  -------- 
 Ore processed 
  (mt)                 40,300   13,240   13,006     66,546    66,153 
-------------------  --------           -------  ---------  -------- 
 Average processed 
  gold grade 
  (g/t)                  7.38     8.53     8.56       7.84      7.76 
-------------------  --------  -------  -------  ---------  -------- 
 Average processed 
  silver grade 
  (g/t)                 10.75    11.52    14.71      11.68     13.11 
-------------------  --------  -------  -------  ---------  -------- 
 Gold recovery 
  rate (%)              94.95    95.25    94.98      95.02     95.49 
-------------------  --------  -------  -------  ---------  -------- 
 Silver recovery 
  rate (%)              77.36    81.87    83.56      79.77     74.72 
-------------------  --------  -------  -------  ---------  -------- 
 Gold in dore 
  (oz)                  9,202    3,481    3,403     16,086    15,809 
-------------------  --------  -------  -------  ---------  -------- 
 Silver in 
  dore (oz)            10,818    4,224    5,056     20,098    20,915 
-------------------  --------  -------  -------  ---------  -------- 
 Gold refined 
  (oz)                  9,343    3,256    2,838     15,437    15,600 
-------------------  --------  -------  -------  ---------  -------- 
 Silver refined 
  (oz)                 11,542    3,695    3,208     18,445    21,115 
-------------------  --------  -------  -------  ---------  -------- 
 

TSG will report Asacha's full second quarter 2016 gold production in July 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                           David Foreman / Stewart Dickson 
  (Corporate Finance)                                     (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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June 30, 2016 02:00 ET (06:00 GMT)

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