Shandong Gold Mining Unit Secures Shandong Exploration Right for 71 Million Yuan

MT Newswires Live
Yesterday

Shandong Gold Mining (SHA:600547, HKG:1787) unit Jinzhou won the auction for the peripheral Jinqingding gold mine exploration right in China's Shandong Province for 70.8 million yuan.

The 10.83-square-kilometer concession adjoins Jinzhou's existing mining rights and offers significant prospecting potential and regional synergies, according to a weekend filing with the Shanghai bourse.

The initial transfer period is five years, with a maximum of three five-year renewals.

Shares of the gold miner rose 4% in recent trade on the Hong Kong bourse.

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