Trans-Siberian Gold PLC Increased Production Guidance for 2020 (6170I)
2020年12月15日 - 4:00PM
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RNS Number : 6170I
Trans-Siberian Gold PLC
15 December 2020
15 December 2020
Trans-Siberian Gold plc
("TSG", the "Company" or the "Group")
Increased Production Guidance for 2020
Trans-Siberian Gold plc (TSG.LN), a low-cost, high-grade gold
producer in Russia, is pleased to provide the following production
guidance update for 2020.
Highlights
-- Approximately 40,297 ounces of gold doré produced in the 11
months ended 30 November 2020
-- Production guidance for the year to 31 December 2020
increased to between 44,000 and 45,000 ounces of gold doré
The Group has made significant progress in 2020, in particular
with the transition towards the East Zone of the Asacha Gold Mine,
with test ore from Vein 25 contributing towards
higher-than-expected average grades in the second and third
quarters. In the eleven months to 30 November 2020 the Group
produced 40,297 oz.
Consequently, the Group is now on track to exceed the upper end
of the previous 2020 full year production guidance of 38,000-42,000
oz with expected production of approximately 44,000-45,000 oz. This
would make 2020 a year of record gold production.
Alexander Dorogov, Chief Executive Officer of Trans-Siberian
Gold plc commented:
"We are now on track to exceed the upper end of our annual
production guidance and expect to produce approximately 44,500 oz
in 2020. This is a strong achievement in a challenging year and a
testament to the quality and grades of the orebody at Vein 25, as
well as to the endeavour and resilience of our team in Kamchatka.
We look forward to a promising year ahead."
TSG intends to provide a production update for Q4 2020 and
guidance for 2021 in January 2021.
Updated guidance on dividends for the full year 2020 is expected
to be announced by the end of December.
ENDS
Contacts:
TSG
Stewart Dickson +44 (0) 7799 694195
Arden Partners plc
Paul Shackleton (Corporate Finance)
Tim Dainton / Fraser Marshall (Equity Sales) +44 (0) 207 614 5900
Hudson Sandler (Financial PR)
Charlie Jack / Katerina Parker / Elfreda
Kent +44 (0) 207 796 4133
About TSG
TSG is focused on low cost, high grade mining operations and
stable gold production from its 100% owned Asacha Gold Mine in Far
East Russia. The Company also holds the licence for the development
and exploration of the Rodnikova deposit, one of the largest gold
fields in South Kamchatka.
Additional information is available from the Company's website:
www.trans-siberiangold.com
Market Abuse Regulations
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.
Disclaimer
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"seeks," "should" or "will." Forward-looking statements by their
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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.
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END
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December 15, 2020 02:00 ET (07:00 GMT)
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