Zhongjin Gold's Shaling Gold Mine is scheduled to commence production in 2026, with an expected annual capacity of 10 tons.
2026-03-11 11:16
Favorite

Wedoany.com Report on Mar 11th, Zhongjin Gold has recently had the following noteworthy events, compiled based on public information:

Company Project Advancement: The Shaling Gold Mine, the world's sixth-largest single gold mine, is expected to be completed and operational in the first half of 2026, with a designed annual capacity of 10 tons. Upon commissioning, the company's total gold production capacity is projected to increase by approximately 40%. This project, a key milestone in the company's capacity expansion, is in the final stages of construction.

Related Party Transaction Progress: The controlling shareholder, China National Gold Group, plans to inject four enterprises—Inner Mongolia Jintao, Hebei Dabaiyang, Liaoning Tianli, and Liaoning Jinfeng—into the listed company. This move aims to address issues of industry competition and enhance resource reserves. The company is currently advancing the audit and evaluation of the target assets. If the acquisition proceeds smoothly, it is expected to add new mineral gold production.

Project Development: The tailings pond project for the southern area of the Wunugetushan Copper-Molybdenum Mine, operated by the company's subsidiary Inner Mongolia Mining Co., Ltd., commenced in December 2025. The construction period is approximately 44 months, with completion and acceptance targeted by the end of 2028. The total investment for this project is about 4.5 billion yuan, aimed at ensuring the long-term and stable production of the mine.

Furthermore, the company's full-year 2025 performance forecast indicates an expected year-on-year increase in net profit attributable to shareholders of 41.76%-59.48%, primarily benefiting from rising gold prices and cost control. However, this information has already been disclosed. Future focus will center on the aforementioned capacity and resource integration.

This bulletin is compiled and reposted from information of global Internet and strategic partners, aiming to provide communication for readers. If there is any infringement or other issues, please inform us in time. We will make modifications or deletions accordingly. Unauthorized reproduction of this article is strictly prohibited. Email: news@wedoany.com