Trans-Siberian Gold plc (TSG.LN) announces that the Russian State Subsoil Agency ("Rosnedra") 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."
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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.