Trans-Siberian Gold plc (TSG.LN) announces the appointment of Konstantin Kornienko as Managing Director of the Company’s wholly owned operating subsidiary, ZAO Trevozhnoye Zarevo, with immediate effect. Mr. Kornienko succeeds Mr. Mikhail Nikitin, who led the construction and commissioning of the Asacha Gold Mine and its production operations thereafter.
Mr. Kornienko has more than 15 years of experience working at gold-processing plants, of which a decade has been in managerial positions. His previous experience includes building and operating gold-processing plants at Pervenets-Verninskoe (Polyus), Vysochaishy (GV Gold) and Severnoe Zoloto (Kinross Gold). Since 2011 he has been responsible for the gold-processing plant at the Asacha Gold Mine.
Mr. Kornienko was educated as a chemist-technologist in Barnaul and later graduated from the Altai Institute of Economics and Law and also the Institute of Finance. He is currently completing post-graduate studies at the Mining Department of the Technical University at Magnitogorsk.
Dmitry Khilov, Chief Executive Officer of TSG, commented:
“I am pleased that Konstantin has agreed to lead our operational subsidiary in Kamchatka. He already understands our operations at the Asacha Gold Mine and is well positioned to drive operational efficiencies and improvements. The Company is grateful for the service of Mikhail Nikitin and wishes him well with his future endeavours.”
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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.
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.