19th Oct 2017 07:00
Trans-Siberian Gold plc
("TSG" or the "Company")
Q3 Production Update
Trans-Siberian Gold plc (TSG.LN) announces its production update at the Asacha Gold Mine for the three months to 30 September 2017 ("Q3" or the "Period").
Highlights:
· 37% increase in gold production: 10,573oz (Q3 2016: 7,727oz)
· In the first nine months of 2017, the Company produced 24,470oz of gold
· The Company is on track to meet its FY2017 production guidance of 32,000oz - 36,000oz
· 21% increase in average gold grade: 7.4g/t (Q3 2016: 6.1 g/t)
· 15% increase in ore processed: 47,504 tonnes (Q3 2016: 41,481 tonnes)
· No lost time injuries for the Period
Production Summary:
Mining and production data for the Period at Asacha is shown in the following table:
Q3-2017 | Q3-2016 | Y-on-Y change | ||
Mine development (m) | 1,499.30 | 1,326.10 | 13% | |
Ore extracted, tonnes | 48,662.90 | 43,251.50 | 13% | |
Ore processed, tonnes | 47,504 | 41,481 | 15% | |
Grade, gold, g/t | 7.4 | 6.1 | 21% | |
Grade, silver, g/t | 13.3 | 11.9 | 12% | |
Recovery, gold, % | 94.53 | 95.27 | -1% | |
Recovery, silver, % | 78.62 | 81.88 | -4% | |
Gold in dore (oz) | 10,573 | 7,727 | 37% | |
Silver in dore (oz) | 15,703 | 12,867 | 22% | |
Gold refined (oz) | 9,006 | 8,330 | 8% | |
Silver refined (oz) | 14,219 | 13,754 | 3% | |
TSG intends to provide a production update for the fourth quarter of 2017 in January 2018.
Contacts:
TSG |
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Stewart Dickson | +44 (0) 7799 694195
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Cantor Fitzgerald Europe | +44 (0) 207 894 7000 |
David Porter
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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.
Abbreviations
g/t grammes per tonne
oz ounce
m metre
Disclaimer
This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and 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.
Related Shares:
TSG.L