News: TGS Tiger Resources issues 2016 copper cathode production guidance

March 17 (Reuters) - Tiger Resources Ltd (TGS) :

• Tiger Resources 2016 guidance (TGS)
• Says company expects 2016 cash operating costs to be in the range of US$1.34-1.42/lb
• "Processing costs are expected to be lower in 2016 due to the improved availability of grid power"
• Says 2016 copper cathode production guidance 26,000 tonnes- 28,000 tonnes
• Says at the Perth head office, the headcount has been reduced by 33%
• Management has conducted a vigorous cost-cutting and efficiency drive
• Through restructuring and streamlining of responsibilities, number of site-based expatriate personnel has been reduced by 38%
• Further costs savings are being pursued in the first half of 2016