Trans-Siberian Gold PLC

Published : June 30th, 2016

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

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.

Q1

2016

April 2016

May 2016

Year to date

2016

January

- May

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

Simon Olsen

+ 44 (0) 7770 484965

Simon Olsen

+ 44 (0) 1480 811871

+ 44 (0) 7770 484965

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

Stewart Dickson/David Foreman (Corporate Finance)

David Foreman / Stewart Dickson (Corporate Finance)

Jeremy Stephenson (Corporate Broking)

Read the rest of the article at www.publicnow.com

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 12.2 billions as of today (US$ 13.7 billions, € 12.4 billions).

Its stock quote reached its lowest recent point on December 26, 2014 at GBX 10.00, and its highest recent level on September 16, 2019 at GBX 110.80.

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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