TIDMTSG
RNS Number : 0113D
Trans-Siberian Gold PLC
21 April 2017
Trans-Siberian Gold plc
("TSG" or the "Company")
Q1 Production Update
Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L)
announces its production update at the Asacha Gold Mine for the
three months to 31 March 2017 ("Q1" or the "Period").
Highlights:
-- Q1 gold production of 7,644oz (Q1 2016: 9,343oz)
-- Full year production expected to be in the range of 32,000oz - 36,000oz
-- No lost time injuries for the Period
Production Summary:
Mining and production data for the Period at Asacha is shown in
the following table:
Q1-2017 Q1-2016
-------------------------- -------- --------
Mine development (m) 1,263 1,115
Ore mined (mt) 46,155 44,067
Ore processed (mt) 44,320 40,300
Average gold grade (g/t) 5.35 7.38
Average silver grade
(g/t) 8.99 10.75
Gold recovery rate (%) 94.24 94.95
Silver recovery rate
(%) 76.69 77.36
Gold in dore (oz) 7,246 9,202
Silver in dore (oz) 10,148 10,818
Gold refined (oz) 7,644 9,343
Silver refined (oz) 12,356 11,542
-------------------------- -------- --------
Q1 gold production was 7,644oz compared to 9,343oz for the same
period in 2016.
During the Period, 40.8% of ore delivered to the plant was new
stoping ore, with an average grade of 7.9 g/t. In order to maintain
monthly plant throughput of at least 12,500 mt it was necessary to
process earlier run-of-mine ore which contained lower grades of
gold. As a result, gold production is lower on a comparative basis
with the same period in 2016.
Extraction of new stoping ore was hindered during the Period by
a lack of underground equipment, flooding at lower levels and the
failure of mobile pump equipment which also led to a slowdown in
some of the major mine development activities, including the
installation of stationary high power pumps at the 150 m level and
construction of the transportation tunnel from the 150 m level to
the 100 m level. However, with new mobile pumps now in place and
the arrival of new underground machines the Company expects to be
able to accelerate all mining activities.
The Company has started preparation for ore cutting in the upper
part of the interval between the 150 m and 100 m levels, which
should facilitate access to higher grade ore, and thus expects to
gradually increase gold production from Q3 onwards.
The Company expects to achieve gold production for the full year
in the range of 32,000-36,000oz (2016: 35,550oz).
TSG intends to provide a production update for the second
quarter of 2017 in July 2017.
GKZ approval of Reserves & Resources:
In March 2017 the reserves and resources of the Asacha deposit
were re-approved by the State Commission of Reserves ("GKZ"), which
are set out below.
Mineral Resources - Russian State Commission
for Reserves (GKZ)
--------------------------------------------------------
as at 31 December 2016
--------------------------------------------------------
Au Ag Cut-off
g/t
--------- ---------------- ----------------- --------
C1 & C2 Grade C1 & C2 Grade
oz g/t oz g/t
--------- -------- ------ -------- ------- --------
1 476
Asacha 623 943 19.8 612 46.8 2
--------- -------- ------ -------- ------- --------
P1+P2 Resources
--------------------------------------------------------
Au Ag Cut-off
g/t
--------- ---------------- ----------------- --------
1 & 2 Grade 1 & 2 Grade
oz g/t oz g/t
--------- -------- ------ -------- ------- --------
Asacha 0 0 0 0 2
--------- -------- ------ -------- ------- --------
The figures in the above table (which do not include the results
of 2016 exploration) have been prepared under the Russian system of
reporting reserves and resources.
Approval from GKZ is an important step in the process to obtain
an extension of the Asacha licence in 2018. The Company expects to
provide an updated JORC compliant reserves and resources statement
around the end of May 2017.
Contacts: TSG
+44 (0) 7770
Simon Olsen 484965
+44 (0) 7799
Stewart Dickson 694195
+44 (0) 207
Cantor Fitzgerald Europe 894 7000
David Porter David Foreman Craig
Francis
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.
The information in this report that relates to the reporting of
mineral resources is based on information compiled or reviewed by
Viktor Zhelikov. Viktor Zhelikov is the Chief Geologist within the
Group and has sufficient experience which is relevant to the style
of mineralisation and type of deposit under consideration and to
the activity which he is undertaking to qualify as a Qualified
Person as defined in the AIM Rules for Companies. Viktor Zhelikov
consents to the inclusion of the mineral resources information in
the form and context in which it appears.
Abbreviations
g/t grammes per tonne
oz ounce
mt metric tonne
m metre
Disclaimer
This announcement contains "forward-looking statements" - that
is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected
future business and financial performance, and often contain words
such as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "should" or "will." Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
For us, uncertainties arise from the behaviour of financial and
metals markets, fluctuations in interest and/or exchange rates and
metal prices; and from numerous other matters of national, regional
and global scale, including those of a political, economic,
business, competitive or regulatory nature. These uncertainties may
cause our actual future results to be materially different that
those expressed in our forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLEAELFASLXEFF
(END) Dow Jones Newswires
April 21, 2017 06:57 ET (10:57 GMT)
Trans-siberian Gold (LSE:TSG)
過去 株価チャート
から 6 2024 まで 7 2024
Trans-siberian Gold (LSE:TSG)
過去 株価チャート
から 7 2023 まで 7 2024