The Russia-focused gold miner, Trans-Siberian Gold, says it is still struggling with poor ore quality at its operations in the Kamchatka peninsula in Russia's far east.
The company now proposes to introduce a technique known as shallow hole blasting to increase the amount of gold in the rocks that are sent for processing.
The company now estimates that 2012 production will be 31,000 ounces of gold and 48,500 ounces of silver.
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Shares were down 3.7% at 52p in afternoon trade.
BS
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How to find the best luxury hotel dealsKnowing how to find the best luxury hotel deals can help holidaymakers enjoy high-end experiences without the sky-high costs. We reveal how to bag the best value for less.
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Frozen thresholds could push ‘tax freedom day’ to latest date this centuryTax freedom day is the point in the year you stop earning for the taxman and start earning for yourself. A rising tax burden could push it to 12 June this year – the latest date since 1982.
