Trans-Siberian Gold sees poor quality ore
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 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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Shares were down 3.7% at 52p in afternoon trade.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits