10:32:54 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



China Gold International Resources Corp Ltd
Symbol CGG
Shares Issued 396,413,753
Close 2023-12-18 C$ 5.34
Market Cap C$ 2,116,849,441
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China Gold International's Jiama ops gradually resume

2023-12-18 18:16 ET - News Release

An anonymous director reports

CHINA GOLD INTERNATIONAL RESOURCES ANNOUNCES THE GRADUAL RESUMPTION OF ITS JIAMA COPPER-GOLD POLYMETALLIC MINE

The gradual resumption of certain operations at China Gold International Resources Corp. Ltd.'s Jiama copper-gold polymetallic mine began on Dec. 15, 2023, following the receipt of approval from the Lhasa municipal government, in line with previous announcements in relation to the overflow at the Guolanggou tailings dam at the Jiama mine.

The resumption of operations includes the underground void management and the restart of the phase 1 processing plant of the Jiama mine with a daily processing capacity of 6,000 tonnes. The tailings produced from processing operations will all be backfilled to the underground voids through the backfilling system. The company has carried out a plan for the full resumption of operations, and the restart of the phase 1 processing plant is the first step in the overall plan. The repair and reinforcement work at the Guolanggou tailings dam has been fully completed, and the safety assessment report has been completed, awaiting acceptance and approval by the government. The review process of the subsequent tailings discharge plan is occurring simultaneously. The company will continue to proceed toward the resumption of full production on its design capacity at the Jiama mine.

About China Gold International Resources Corp. Ltd.

China Gold International is a gold and base metal mining company incorporated in British Columbia, Canada, and operates two mines: the CSH gold mine in Inner Mongolia, China, and the Jiama copper-gold polymetallic mine in Tibet, China. The company's objective is to build shareholder value through increasing production at its current mining operations, expanding its resource base, and acquiring and developing new projects internationally. The company is listed on the Toronto Stock Exchange (CGG) and the main board of the Stock Exchange of Hong Kong Ltd. (HKEx: 2099).

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