Trans-Siberian Gold PLC

Published : May 04th, 2016

Asacha mining and production update

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

Asacha mining and production update

Trans-Siberian Gold plc

Asacha mining and production update

LONDON: 18 April 2016 - Trans-Siberian Gold plc ('TSG' or the 'Company') (TSG.L) reports that mine development activities at Asacha in the first quarter of 2016 comprised approximately 1,115 metres, while ore extraction (including ore from stoping and mine development) amounted to 44,067 metric tonnes (mt). Plant throughput averaged 13,433 mt per month (7.5% above planned 12,500 mt).

The previously reported changes in mining methods, including shallow hole blasting, have contributed to a reduction in ore dilution to 36.6% in the first quarter of 2016, compared to 40.4% in 2015. Ore delivered to the plant in the first quarter included 17,398 mt of new stoping ore with average grade of 10.3 g/t, however delays in mine development, including construction of the transportation ramp to the 150m and 100m levels, as a result of the previously reported flooding in 2015, have restricted the mine's ability to access new stoping ore. In order to maintain monthly plant throughput of at least 12,500 mt it has been necessary also to process earlier mined tonnage with lower grades. The Company is cautiously optimistic that the proportion of new, richer grade, stoping ore in ore processed by the plant will increase during 2016.

The lower gold grade in February 2016 reflected a temporary slowdown of mining activities in that month as a result of a fire at Asacha. This caused minimal damage (estimated at US$25,000) and normal production soon resumed.

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

January 2016

February 2016

March

2016

Total

Q1-2016

Total

Q1-2015

Mine development (m)

310

379

426

1,115

1,152

Ore extracted (mt)

14,946

14,089

15,032

44,067

43,598

Ore processed (mt)

13,710

13,030

13,560

40,300

39,699

Average gold grade (g/t)

7.17

6.93

8.03

7.38

7.43

Average silver grade (g/t)

10.07

10.87

11.33

10.75

13.43

Gold recovery rate (%)

94.47

94.88

95.46

94.95

95.19

Silver recovery rate (%)

78.44

79.29

74.21

77.36

73.25

Gold in dore (oz)

3,066

2,835

3,301

9,202

9,044

Silver in dore (oz)

3,832

3,650

3,336

10,818

12,747

Gold refined (oz)

2,817

1,982

4,544

9,343

9,508

Silver refined (oz)

3,702

2,149

5,691

11,542

13,304

TSG intends to report Asacha's second quarter 2016 production in July 2016.

Ends

Contacts

TSG

Simon Olsen

+ 44 (0) 1480 811871

+ 44 (0) 7770 484965

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

Stewart Dickson/David Foreman/Carrie Drummond(Corporate Finance)

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 12.9 billions as of today (US$ 15.2 billions, € 13.0 billions).

Its stock quote reached its lowest recent point on December 26, 2014 at GBX 10.00, and its highest recent level on August 06, 2021 at GBX 117.50.

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
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