Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

10/23 09:12   People of Kazakhstan support stronger ties with Russia - Nazarbayev
 
10/23 09:07   Results of forex trading on Moscow Exchange on October 20
 
10/23 09:04   New parties may join Astana negotiations - Kazakh Foreign Ministry
 
10/23 09:00   INTERFAX RUSSIA AND FSU GENERAL NEWS
 
10/23 05:05   Russia political and economic calendar: October 23
 
10/23 05:00   INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
10/22 20:27   British journalist who lost Tbilisi election himself removing his campaigning posters from streets
 
10/22 19:21   Poroshenko vows to do everything for UN peacekeepers' introduction in Donbas
 
10/22 13:59   Washington easily sacrificing relations with Moscow for its political objectives - senator Kislyak
 
10/22 13:10   Navalny yet to comment Sobchak's plans to run for president
 


 

Interfax.com  |  Interfax news  |  Gold production at Trans-Siberian Gold falls 18%...


News headlines


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:

Q1 2017 Q1 2016 Change
Ore mined, '000 tonnes 46,155 44,067 5%
Ore processed, '000 tonnes 44,320 40,300 10%
Average gold grade, grams/tonne 5.35 7.38 -28%
Average silver grade, grams/tonne 8.99 10.75 -16%
Gold recovery rate 94.24% 94.95% -0.71 p.p.
Silver recovery rate 76.69% 77.36% -0.67 p.p.
Gold in dore, ounces 7,246 9,202 -21%
Silver in dore, ounces 10,148 10,818 -6%
Refined gold, '000 ounces 7,644 9,343 -18%
Refined silver, '000 ounces 12,356 11,542 7%

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.

Cs aa

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

October 23, 2017
 
09:00
INTERFAX RUSSIA AND FSU GENERAL NEWS
 
05:05
Russia political and economic calendar: October 23
 
05:00
INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
October 22, 2017
 
20:27
British journalist who lost Tbilisi election himself removing his campaigning posters from streets
 
19:21
Poroshenko vows to do everything for UN peacekeepers' introduction in Donbas
 
13:59
Washington easily sacrificing relations with Moscow for its political objectives - senator Kislyak
 
13:10
Navalny yet to comment Sobchak's plans to run for president
 
11:51
Russia proves once again it's capable of holding int'l events with flying colors - Kiriyenko
 
11:40
No one can convince Sochi festival participants that Russia is 'evil empire' - Kiriyenko
 
11:22
 
11:00
Georgian ruling party candidate winning Tbilisi mayor election in 1st round - CEC
 
10:38
Navalny says he read 20 books while being held in detention facility
 
10:13
Navalny released from detention facility, where he spent 20 days
 
09:57
U.S.-led coalition selective in providing humanitarian assistance to Syria - Russian Defense Ministry
 
 more headlines 



Interviews
 

.
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 Irans compliance with the Joint Comprehensive Plan of Actions (JCPOA), as well as possible consequences of this Trumps move to the region, Europe and the whole world.

more
.
.
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.

more
.
.
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".

more

 
  
 ©   1991—2017   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100