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Trans-Siberian Gold - Senior Management Appointment

RNS Number : 4228O
Trans-Siberian Gold PLC
02 October 2019


02 October 2019

Trans-Siberian Gold plc

("TSG", the "Company" or the "Group")

Senior Management Appointment


Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, is pleased to announce the appointment of Oleg Ugryumov as Chief Mine Engineer of the Asacha mine in South Kamchatka with immediate effect.

Mr Ugryumov has over 26 years of experience in the mining industry, with extensive expertise and a successful track record of leading the development of underground gold mines in complex geological conditions.

Most recently he held the position of Technical Services Manager at Kinross Gold's Kupol gold mine in the Chukotka Autonomous District of Russia, where he was responsible for the organisation and preparation of mine design plans and permitting, as well as for the construction of infrastructure facilities on the mine surface.

Prior to that, Mr Ugyumov served as Chief Mine Engineer at Kinross Gold's Dvoinoye gold mine from 2010 to 2014, where he led the construction of the mine from stage zero to its full commissioning.

From 2008 to 2010 Mr Ugryumov worked as Chief Mine Engineer at Kinross Gold's Juliette gold mine in Russia's Far East, having previously held various senior positions at the mine starting from 2001.

Mr Ugryumov, aged 51, holds a degree in Mining Engineering, specialising in underground mining techniques, from the Far Eastern Federal University (FEFU).


Alexander Dorogov, Chief Executive Officer of TSG, commented:

"We are delighted to welcome Oleg Ugryumov as Chief Mine Engineer of the Asacha Mine, joining the highly talented management team at our flagship asset. During his tenure at a leading global miner, Oleg has accumulated a wealth of technical expertise in bringing complex underground mines up to production, by deploying modern and effective mining techniques. We look forward to working with him and to benefitting from the experience he brings on board."















Stewart Dickson

+44 (0) 7799 694195

Arden Partners plc



Paul Shackleton (Corporate Finance)
Tim Dainton / Fraser Marshall (Equity Sales)

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Hudson Sandler (Financial PR)

+44 (0) 207 796 4133


Charlie Jack / Katerina Parker / Elfreda Kent


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 Group 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.



This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Quick facts: Trans-Siberian Gold

Price: 87

Market: AIM
Market Cap: £75.83 m

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