Trans-Siberian says average monthly production up at Asacha

Trans-Siberian Gold reported on its mining and production update at Asacha on Monday, saying that mine development in the second quarter comprised 986 metres while ore extraction - including ore from stoping and mine development - amounted to 43,281 mt.

The AIM-traded firm said that included new stoping ore of 5,937 mt at an average of 12.6 g/t gold in April, 8,525 mt at an average of 9.2 g/t gold in May and 4,378 mt at an average of 9.6 g/t gold in June.

“In June mine development was temporarily affected by equipment breakdown and the lower average processed gold grade reflected some planned ore extraction from a lower grade area,” Trans-Siberian’s board said in a statement.

In the first half of 2016, an average of 13,441 mt per month was processed through the Asacha plant, marginally up from the 13,252 mt per month in the same period last year.