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 23, 2017
INTERFAX RUSSIA AND FSU GENERAL NEWS
Russia political and economic calendar: October 23
INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
October 22, 2017
British journalist who lost Tbilisi election himself removing his campaigning posters from streets
Poroshenko vows to do everything for UN peacekeepers' introduction in Donbas
Washington easily sacrificing relations with Moscow for its political objectives - senator Kislyak
Navalny yet to comment Sobchak's plans to run for president
Russia proves once again it's capable of holding int'l events with flying colors - Kiriyenko
No one can convince Sochi festival participants that Russia is 'evil empire' - Kiriyenko
Georgian ruling party candidate winning Tbilisi mayor election in 1st round - CEC
Navalny says he read 20 books while being held in detention facility
Navalny released from detention facility, where he spent 20 days
U.S.-led coalition selective in providing humanitarian assistance to Syria - Russian Defense Ministry
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".