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 email@example.com)
October 21, 2017
Polemic around ancient mummy reburial heats up in Kyrgyzstan; scientists demand exhibit's return to museum
Ukrainian auditors reveal millions misspent of Eurovision 2017 funds
Russian attack aircraft provide air support for CSTO peacekeeping forces during exercise in Kazakhstan
Russian-Belarusian agreement on visa recognition to be signed before end of 2017
Critical situation at Al-Rukban refugee camp in Syria - Russian Defense Ministry
Kakha Kaladze wins Tbilisi mayoral election - exit poll
Russian Duma ratifies two documents on military-technical cooperation with Belarus
Iraqi foreign minister to hold talks with Lavrov in Moscow (Part 2)
Russian foreign ministry's special envoy Burmistrov denies plans to travel to Pyongyang
Russian on sufficient level of coordination, communication with DPRK - Russian diplomat
Russia to continue to cooperate with DPRK, two countries have friendly diplomatic relations - foreign ministry's special envoy
Russia ready to help establish dialogue between DPRK, U.S. - Russian diplomat
Iraqi foreign minister to meet with Rogozin as co-chairman of bilateral cooperation commission
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.
Filipino Ambassador to Russia Carlos Sorreta has given an interview to Interfax in which he speaks about prospects for Russian-Filipino cooperation in the military-technical sphere, as well possible cooperation on anti-terrorism, energy, investments and tourism.
Sudanese State Minister for Foreign Affairs Atta Elmanan Bakhit has given an interview to Interfax during his visit to Moscow in which he speaks about a visit of Sudanese President Omar al-Bashir to Russia, bilateral Russian-Sudanese economic and military cooperation and describes sanctions in the global politics as "immoral and illegal".