3 stories mentioning SHA:601069Updated 10d ago
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Western Region Gold (SHA:601069) resumed production at the mine of subsidiary Xinjiang Meisheng after operations were suspended due to heavy snowing, according to a Saturday filing with the Shanghai bourse.Transport conditions and power supply at the mining site have already resumed.
Western Region Gold's (SHA:601069) vice chairman, Yang Shengrong, resigned due to personal reasons, according to a Wednesday filing on the Shanghai bourse filing.The gold mining company's board of directors will conduct a by-election to appoint Yang's successor.Shares of the company fell 3% in recent trading.
Some of Western Region Gold's (SHA:601069) subsidiaries prolonged the suspension of their operations after shutting down due to maintenance works and safety, according to a Shanghai bourse filing on Friday.The preliminary design, safety facility design, soil and water conservation plans and assessment for Hami Gold Mine is still ongoing and are expected to be completed in September.The resumption of Hongfa Ferroalloy will be reassessed despite the completion of maintenance work. The company's production costs are expected to exceed selling prices due to low market prices for silicomanganese alloys.Xinjiang Meisheng expects that its production will remain suspended for 50 more days as it lost power and roads were blocked due to avalanches.The gold miner's shares fell less than 2% during the afternoon trade.
