https://www.miningweekly.com

Trans-Siberian expects to exceed 2018 gold guidance, secures cheaper electricity

11th January 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

LSE-listed Russian miner Trans-Siberian Gold expects to exceed its 2018 gold production guidance of between 36 000 oz and 40 000 oz, as a result of an improved operational performance and improving gold grades.

The average gold grade for the third quarter last year was 7.8 g/t gold.

Additionally, the company expects its electricity supply contract to substantially reduce power costs in the year ahead.

Trans-Siberian has entered into a new electricity supply agreement with energy company Kamchatskenergo, which will supply power to the Asacha gold mine at a reduced price of RUR Rb4.69/kWh, or $0.07/kWh.

Meanwhile, construction of the underground dewatering pumping facilities continued at Asacha, albeit behind schedule.

Completion of the permanent facilities is expected in May.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.163 0.199s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: