StockMarketWire.com - Trans-Siberian Gold reports that mine development at Asacha in Q4 2015 comprised about 868 metres, while ore extraction (including ore from stoping and mine development) amounted to 45,467 metric tonnes.

In the same period, 40,349 mt was processed through the Asacha plant, at an average gold grade of 7.39 g/t.

November's lower gold grade reflected the processing of lower grade ore from the mine's upper levels and from ore stockpiles as the stopes intended to be mined in that month were inaccessible due to flooding as a result of the cyclone which hit Kamchatka at the end of October.

Production from the flooded areas had resumed by the end of November.

Fourth quarter production comprised 9,030 oz. gold and 12,767 oz. silver. Total 2015 gold and silver production was, respectively, 3.5% and 9.2% higher than the 2014 results.




At 8:05am: [LON:TSG] TransSiberian Gold PLC share price was -0.38p at 19.25p



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