en.Wedoany.com Reported - Western Region Gold Co., Ltd. recently announced that its controlling shareholder, Xinjiang Nonferrous Metals Industry (Group) Co., Ltd. (referred to as Xinjiang Nonferrous Metals Group), plans to implement a full merger with Xinjiang Geology and Mining Investment (Group) Co., Ltd. (referred to as Xinjiang Geology and Mining Investment Group). This integration will not have a significant impact on the production and operations of Western Region Gold, and the company's actual controller will remain the State-owned Assets Supervision and Administration Commission of the Xinjiang Uygur Autonomous Region People's Government.
Both entities involved in this merger are state-owned mining platforms based in Xinjiang. Xinjiang Nonferrous Metals Group has been deeply engaged in the nonferrous metals industry for many years, with three listed entities both domestically and internationally under its umbrella, covering the entire industrial chain of gold and rare metal mining, processing, and smelting. Xinjiang Geology and Mining Investment Group, on the other hand, holds a vast amount of basic geological exploration resources within the region and serves as the core carrier for mineral resource exploration and mining rights reserves. Both are under the management system of the Xinjiang Autonomous Region State-owned Assets Supervision and Administration Commission, and this full merger represents an internal resource optimization and restructuring, with a solid foundation for implementation.
The announcement also noted that this full merger is subject to approval from higher-level authorities and involves uncertainties. Western Region Gold will disclose progress in a timely manner as required and reminds investors to view related information rationally and be aware of investment risks.
Western Region Gold's main businesses include gold mining, processing, and smelting, manganese ore mining, and electrolytic manganese production, processing, and sales. In the first quarter of 2026, the company achieved total operating revenue of 8.083 billion yuan, a year-on-year increase of 316.28%; net profit attributable to the parent company was 522 million yuan, a year-on-year increase of 2102.76%.
Western Region Gold Co., Ltd.
Founded in 2002, Western Region Gold Co., Ltd. is a state-owned listed enterprise controlled by Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., and was listed on the A-share market of the Shanghai Stock Exchange in 2015. The company is a modern gold mining, processing, and smelting enterprise in Northwest China, primarily engaged in the mining and smelting of gold and manganese resources. It owns major mines such as the Hatu Gold Mine and Axi Gold Mine, as well as a refinery certified by the Shanghai Gold Exchange, forming a complete industrial chain. The company actively fulfills its social responsibilities, with ongoing practices in environmental protection and rural revitalization.
In 2024, the company's operating revenue was 7.001 billion yuan. In 2025, the company achieved operating revenue of 13.567 billion yuan and net profit attributable to the parent company of 472 million yuan, a year-on-year increase of 86.09%. The performance growth was mainly driven by the upward trend in gold prices and the increase in sales volume and prices of gold products from the company's own mines. On July 25, 2025, the company proposed to acquire 100% equity of Xinjiang Meisheng Mining Co., Ltd., held by Xinjiang Nonferrous Metals Industry (Group) Co., Ltd., through a cash purchase. In 2025, the company received a total of nine penalties for violations from various local authorities in Xinjiang, including the Emergency Management Bureau, Water Resources Bureau, and Natural Resources Bureau.
