Q4 Highlights
Gold revenues of
Average realised gold price of
Gold production of 8,970 oz (Q4 2018: 13,069 oz)
Average gold grade of 6.0 g/t (Q4 2018: 9.1 g/t)
Gold sales of 12,302 oz (Q4 2018: 16,399 oz)
1 lost-time injury during Q4 2019
FY19 Highlights
All-time record annual gold production of 43,479 oz, representing a 3.2% YoY increase (FY 2018: 42,128 oz)
Record annual revenue at
Significant increase in estimated average gold price of 10.6% YoY at
Average gold grades 6.2% higher YoY at 7.8 g/t (FY 2018: 7.4 g/t)
7 lost-time injuries, zero fatalities during FY 2019 Alexander Dorogov, Chief Executive Officer of TSG, commented: 'We are extremely pleased with
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About TSG
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned
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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.
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