Trans-Siberian Gold PLC Mining Licence Extension Approved (5277S)
June 26 2018 - 2:00AM
UK Regulatory
TIDMTSG
RNS Number : 5277S
Trans-Siberian Gold PLC
26 June 2018
Trans-Siberian Gold plc
("TSG" or the "Company")
Mining Licence Extension Approved
Trans-Siberian Gold plc (TSG.LN) announces that the Russian
State Subsoil Agency ("Rosendra") has approved the Company's
application to extend the existing mining licence at the Asacha
Gold for a further six year period.
The extended mining licence will expire on 31 December 2024
Production guidance for 2018 of 36,000oz-40,000oz, remains
unchanged.
Dmitry Khilov, Chief Executive Officer of TSG, commented:
"This is a significant milestone for TSG. This is another
successful extension of the mining licence at the Asacha Gold Mine.
We have a new leadership team in Kamchatka and look forward to them
achieving further operational efficiencies and improvements."
Contacts: TSG
Stewart Dickson +44 (0) 7799 694195
+44 (0) 207 894
Cantor Fitzgerald Europe 7000
David Porter
About TSG
TSG is focused on low cost, high grade mining operations and
stable gold production from its 100% owned Asacha Gold Mine in Far
East Russia.
Additional information is available from the Company's website:
www.trans-siberiangold.com
Market Abuse Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the
publication of this announcement via Regulatory Information Service
('RIS'), this inside information is now considered to be in the
public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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June 26, 2018 02:00 ET (06:00 GMT)
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