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Asacha mining and production update

26th Jun 2013 07:00

RNS Number : 8479H
Trans-Siberian Gold PLC
26 June 2013
 

 

 

Trans-Siberian Gold plc

 

Asacha mining and production update

 

LONDON: 26 June 2013 - 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 2013 at the Company's Annual General Meeting today.

 

Mine development in April and May 2013 comprised 564 metres while ore extraction (including ore from stoping and mine development) amounted to 32,410 mt. In the same period, an average 12,120 mt per month was processed through the Asacha plant (97% of capacity). Based on the changes in mining methods previously reported, TSG expects total 2013 production of 33,800 oz gold and 62,000 oz silver.

 

Mining and production at Asacha in the first five months of 2013 is shown in the following table.

 

 

Q1 2013

 

April 2013

 

May 2013

Year to date

2013

January

 - May

2012

Mine development (m)

396

266

298

960

1,697

Ore extracted (mt)

 

45,352

16,289

16,121

77,762

53,605

Ore processed (mt)

 

35,585

10,006

14,235

59,286

49,446

Average gold grade (g/t)

6.36

6.79

6.27

6.41

6.47

Average silver grade (g/t)

9.80

12.20

10.51

10.37

13.78

Gold recovery rate (%)

 94.52

 93.86

93.23

 94.11

95.11

Silver recovery rate (%)

 78.81

68.74

69.21

 74.69

55.41

Gold in dore (oz)

 

 6,826

2,025

2,621

 11,472

10,321

Silver in dore (oz)

 

 8,791

2,412

3,168

 14,371

12,705

Gold refined (oz)

 

 6,833

1,578

 2,748

 11,159

10,199

Silver refined (oz)

 

 8,865

2,106

 3,245

14,216

11,857

 

 

 

TSG will report Asacha's full second quarter 2013 gold production in July 2013.

 

 

Ends

 

Contacts

 

TSG

 

Simon Olsen

+ 44 (0) 1480 811871

+ 44 (0) 7770 484965

 

 

Cantor Fitzgerald Europe

+44 (0) 207 894 7000

David Foreman / Stewart Dickson (Corporate Finance)

 

Jeremy Stephenson (Corporate Broking)

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFEERTIEFIV

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