April 21, 2017 16:56
Gold production at Trans-Siberian Gold falls 18% in Q1, annual forecast - 32,000-36,000 ounces
MOSCOW. April 21 (Interfax) - British company Trans-Siberian Gold plc (TSG), which develops the Asasha gold mine in Kamchatka Territory, saw production of refined gold fall 18% year-on-year in Q1 2017 to 7,644 ounces.
The company said in a statement that planned full year production in 2017 is 32,000-36,000 ounces. For comparison, Trans-Siberian produced 35,550 ounces in 2016.
Trans-Siberian said that extraction of new stoping ore was hindered by a lack of underground equipment, flooding at lower levels and the failure of mobile pump equipment. As a result, 40.8% of ore delivered to the plant was new stoping ore, with an average grade of 7.9 grams/tonne. In order to maintain monthly plant throughput of at least 12,500 tonnes it was necessary to process earlier run-of-mine ore which contained lower grades of gold.
The company also said that in March 2017 the reserves and resources of the Asacha deposit were re-approved by the State Commission of Reserves (GKZ) according to Russian classification. C1 and C2 gold reserves totaled 623,943 ounces with a grade of 19.8 grams/tonne and silver reserves of just under 1.477 million ounces with a grade of 46.8 grams/tonne. The cut-off grade is 2 grams/tonne. There are no remaining P1 or P2 resources.
Trans-Siberian Gold production results:
|Ore mined, '000 tonnes
|Ore processed, '000 tonnes
|Average gold grade, grams/tonne
|Average silver grade, grams/tonne
|Gold recovery rate
|Silver recovery rate
|Gold in dore, ounces
|Silver in dore, ounces
|Refined gold, '000 ounces
|Refined silver, '000 ounces
TSG's majority shareholder is investment firm UFG Asset Management, holding a 79.62% stake, Firebird Funds owns 2.52% and 6.38% belongs to company directors. The company's shares are sold on the London Stock Exchange AIM market.
(Our editorial staff can be reached at firstname.lastname@example.org)
December 12, 2017
Over 60 terrorist crimes, including 18 terror attacks, prevented in Russia in 2017 - Bortnikov
Matviyenko worried about calls for drastic constitutional adjustment, total change
Over 220 militants from Kazakhstan killed in conflict areas abroad since 2011 - special service
RUSSIA HOPES FOR SUCCESSFUL INTERACTION WITH U.S. IN COMBATING TERRORISM IN SYRIA - RUSSIAN DEPUTY FM SYROMOLOTOV IN INTERVIEW WITH INTERFAX
MORE THAN 2,000 TERRORIST, EXTREMIST ONLINE RESOURCES SHUT DOWN IN 2017 - NAC
Eleven terror attacks prevented in Kazakhstan in 2017 - security service
Activity of group plotting terror attacks during New Year holidays, election campaign stopped in Moscow region - NAC
SPECIAL SERVICES STOPPED OVER 17,000 FOREIGNERS SUSPECTED OF INVOLVEMENT IN TERRORIST ACTIVITY FROM ENTERING RUSSIA IN 2017 - RUSSIAN NATIONAL ANTITERRORISM COMMITTEE
NAC: OVER 1,000 MILITANTS DETAINED, 78 NEUTRALIZED IN 2017
OVER 60 TERRORISM-RELATED CRIMES, INCLUDING 18 TERRORIST ACTS, PREVENTED IN RUSSIA IN 2017 - RUSSIAN NATIONAL ANTITERRORISM COMMITTEE
MMK shareholders approve dividends for Q3 at 1.111 rubles per share
Sberbank mulls setting up crypto fund at subsidiary
REAL THREAT OF MILITANTS' RETURN TO RUSSIA EMERGES AFTER LAST ISIL STRONGHOLD IN SYRIA IS LIBERATED - NAC
Ruble rising against dollar, euro as Brent goes over $65 a barrel
OSCE Secretary General Thomas Greminger has given an interview to Interfax correspondent Margarita Velekhova ahead of a meeting of the OSCE Ministerial Council that will take place in December. Greminger, who assumed his office this July, has told about the OSCE activity amidst the exacerbation of relations between Russia and the West, particularly, the United States, as well as the organization‘s activity in Ukraine and the agenda of the upcoming Ministerial Council in Vienna.
Famous diplomat and political analyst, last U.S. Ambassador to the Soviet Union Jack Matlock has given an interview to Interfax in which he speaks about the first year of U.S. President Donald Trump in power and relations between Russia and the United States.
President of the Washington-based National Iranian American Council Trita Parsi has given an interview to Interfax in which he speaks about the refusal of U.S. President Donald Trump to certify Iran‘s compliance with the Joint Comprehensive Plan of Actions (JCPOA), as well as possible consequences of this Trump‘s move to the region, Europe and the whole world.