TIDMTSG

RNS Number : 5412U

Trans-Siberian Gold PLC

19 January 2017

Trans-Siberian Gold plc

Asacha mining and production update

LONDON: 19 January 2017 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the fourth quarter of 2016 comprised 1,499 metres (m). Ore extraction (including ore from stoping and mine development) amounted to 48,658 tonnes (mt). In 2016, an average 13,574 mt per month was processed through the Asacha plant (8.6% above target). Processed gold grades in the fourth quarter improved significantly month on month, with an overall 20.8% increase from the third quarter. As previously reported, TSG expects that the commencement of stoping at level 100 m by mid-2017 will enable the delivery each month of up to 12,500 tonnes of high quality stoping ore to the plant, with a consequent improvement in the average gold grade of ore delivered to the plant for processing.

Mining and production at Asacha in 2016 is shown in the following table.

 
 
                         Q1       Q2       Q3      Oct      Nov      Dec       Q4     Total     Total 
                       2016     2016     2016     2016     2016     2016     2016      2016      2015 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Mine development 
  (m)                 1,115      986    1,326      555      490      454    1,499     4,926     3,937 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Ore extracted 
  (mt)               44,067   43,281   43,252   16,669   15,503   16,486   48,658   179,258   177,555 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Ore processed 
  (mt)               40,300   40,346   41,481   13,527   13,610   13,628   40,765   162,892   161,242 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Average 
  gold grade 
  (g/t)                7.38     8.11     6.10     6.79     7.31     8.01     7.37      7.23      7.65 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Average 
  silver 
  grade 
  (g/t)               10.75    12.96    11.90    14.73    13.72    17.21    15.22     12.71     12.28 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Gold recovery 
  rate (%)            94.95    95.30    95.27    95.24    95.04    95.32    95.20     95.18     95.40 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Silver 
  recovery 
  rate (%)            77.36    82.45    81.88    84.44    83.15    84.08    83.91     81.69     76.94 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Gold in 
  dore (oz)           9,202   10,109    7,727    2,786    3,021    3,380    9,187    36,225    37,798 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Silver 
  in dore 
  (oz)               10,818   14,244   12,867    5,287    5,032    6,347   16,666    54,595    49,232 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Gold refined 
  (oz)                9,343    9,337    8,330    3,100    2,614    2,642    8,356    35,366    37,984 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 Silver 
  refined 
  (oz)               11,542   11,869   13,754    5,217    4,521    4,525   14,263    51,428    49,398 
------------------  -------  -------  -------  -------  -------  -------  -------  --------  -------- 
 

TSG expects to report Asacha's first quarter 2017 gold production in April 2017.

Ends

 
  Contacts TSG 
 Simon Olsen                         + 44 (0) 7770 484965 
 
 Cantor Fitzgerald Europe            +44 (0) 207 894 7000 
 David Porter/Craig Francis/David 
  Foreman (Corporate Finance) 
 
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 19, 2017 02:00 ET (07:00 GMT)

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