Trans-Siberian Gold plc Announces Production and Revenue Results for the Second Quarter and for the First Six Months of 2019; Re-Iterates Production Guidance for the Full Year of 2019
For the quarter, the company reported revenue generation of approximately $13,761,000 compared to $11,995,000 a year ago.
For the half year, the company reported mine development was 3,884 meter compared to 2,802 meter a year ago. Ore extracted of 73,856 mt compared to of 95,518 mt a year ago. Ore processed of 81,804 mt compared to of 92,217 mt a year ago. Average gold grade of 8.6 g/t compared to 6.2 g/t a year ago. Average silver grade of 27.1 g/t compared to 19.0 g/t a year ago. Gold recovery rate of 95.3% compared to 94.4% a year ago. Silver recovery rate of 82.3% compared to 76.3% a year ago. Gold in dore of 21,889 oz compared to 17,361 oz a year ago. Silver in dore of 59,787 oz compared to 42,118 oz a year ago. Gold refined of 23,155 oz compared to 20,698 oz a year ago and silver refined of 63,557 oz compared to 46,152 oz a year ago.
For the half year, the company reported revenue generation of approximately $29,998,000 compared to $27,617,000 a year ago.
The company also re-iterated that it is on track to meet its previously guided full year production target of 40 koz to 44 koz.