Trans-Siberian Gold PLC

Published : October 20th, 2014

Asacha mining and production update

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Keywords :   Europe | Gold | Gold Production | London | Recovery | Silver |

Asacha mining and production update

Trans-Siberian Gold plc

Asacha mining and production update

8.28 g/t gold processed - highest grade for three years

LONDON: 20 October 2014 - Trans-Siberian Gold plc ("TSG") (TSG.L) reports that mine development at Asacha in the third quarter of 2014 comprised 801 metres while ore extraction (including ore from stoping and mine development) amounted to 49,091 mt. In the first nine months of 2014, an average 13,070 mt per month was processed through the Asacha plant. The average gold grade processed in the third quarter of 2014 was 8.28 g/t, the highest grade achieved in any quarter in 2012, 2013 and 2014.

Third quarter production comprised 7,784 oz. refined gold and 9,121 oz. refined silver.

Mining and production at Asacha in the first nine months of 2014 is shown in the following table.


Q1 2014

Q2 2014

July 2014

August 2014

Sept 2014

Q3 2014

Year to date

2014

Year to date

2013

Mine development (m)

867

847

267

325

209

801

2,515

1,942

Ore extracted (mt)

48,682

50,875

16,437

16,794

15,860

49,091

148,648

131,922

Ore processed (mt)

35,365

44,189

13,420

10,150

14,502

38,072

117,626

112,824

Average gold grade (g/t)

7.05

6.72

6.82

10.69

7.94

8.28

7.32

6.54

Average silver grade (g/t)

12.90

10.94

12.31

16.50

13.65

13.93

12.50

10.47

Gold recovery rate (%)

94.25

95.00

95.89

95.30

96.04

95.76

95.06

94.39

Silver recovery rate (%)

76.47

71.45

66.80

64.34

65.32

65.48

70.82

74.79

Gold in dore (oz.) 

7,431

9,095

2,921

3,135

3,621

9,677

26,203

22,366

Silver in dore (oz.)                

11,033

10,970

3,637

3,486

4,021

11,144

33,147

28,085

Gold refined (oz.)

6,057

10,285

3,189

1,461

3,134

7,784

24,126

21,256

Silver refined (oz.)

8,785

13,441

3,775

1,847

3,499

9,121

31,347

26,182

TSG will report Asacha's fourth quarter 2014 gold production in January 2015.

Ends

Contacts

TSG

Simon Olsen

+ 44 (0) 7770 484965

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

Stewart Dickson/Carrie Lun (Corporate Finance)

Jeremy Stephenson (Corporate Broking)


This information is provided by RNS
The company news service from the London Stock Exchange
ENDMSCLLFFVILLDLIS
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Trans-Siberian Gold PLC

CODE : TSG.L
ISIN : GB0033756866
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Trans-Siberian is a gold development stage company based in United kingdom.

Trans-Siberian is listed in Germany and in United Kingdom. Its market capitalisation is GBX 12.4 billions as of today (US$ 14.0 billions, € 12.6 billions).

Its stock quote reached its lowest recent point on December 26, 2014 at GBX 10.00, and its highest recent level on September 13, 2019 at GBX 113.00.

Trans-Siberian has 110 053 073 shares outstanding.

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In the News and Medias of Trans-Siberian Gold PLC
4/24/2019Trans-Siberian Gold awarded licence for Rodnikova deposit
Corporate news of Trans-Siberian Gold PLC
7/29/2016Director/PDMR Shareholding
7/18/2016Asacha mining and production update
6/30/2016Result of AGM
6/30/2016Asacha Mining and Production Update
5/4/2016Asacha mining and production update
10/20/2014Asacha mining and production update
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