6 January 2021
Trans-Siberian Gold plc
("TSG", the "Company" or the "Group")
Statement on Fatalities at the Asacha mine
Trans-Siberian Gold plc (TSG.LN) regrets to report two fatalities at its Asacha Gold mine on 6 January 2021. Initial investigations indicate that a rock fall occurred at Vein 25 in the East Zone. A further three employees involved in the accident have been safely recovered from the mine.
TSG immediately suspended all mining operations at Vein 25 and a full investigation by the Company and local authorities has commenced. TSG has notified the relevant regulatory authorities and is providing them with its full support in the investigation process.
Mining operations at the Main Zone and the processing unit are continuing, while operations at Vein 25 are temporarily suspended.
The Company's primary focus at this time is to provide its full support to the bereaved families and others affected.
Alexander Dorogov, Chief Executive Officer of TSG, commented:
"It is with great sadness that we announce an accident at our Asacha Mine, in which two employees died. We offer our sincerest condolences to their families and friends. We are conducting a full investigation to understand how this tragedy occurred and remain committed to ensuring that all colleagues operate in a safe workplace."
ENDS
Contacts: | |
| TSG Stewart Dickson | +44 (0) 7799 694195 |
| Arden Partners plc Paul Shackleton (Corporate Finance) | +44 (0) 207 614 5900 |
| Hudson Sandler (Financial PR) Charlie Jack / Katerina Parker / Elfreda Kent | +44 (0) 207 796 4133 |
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. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.
Additional information is available from the Company's website: www.trans-siberiangold.com
Market Abuse Regulations
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.
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