Share Name Share Symbol Market Type Share ISIN Share Description
CHINA NONFERROUS GOLD LIMITED NEX:CNG.GB NEX Ordinary Share KYG215771042
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.80p +32.73% 7.30p 3.50p 7.50p 7.95p 5.50p 5.50p 33,004 09:25:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

China Nonferrous Gold Operational Update

02/07/2018 10:57am

UK Regulatory (RNS & others)


CHINA NONFERROUS GOLD (NEX:CNG.GB)
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2 July 2018

 

China Nonferrous Gold Limited ??????????

 

("CNG" or the "Company")

 

Operational Update

 

China Nonferrous Gold Limited ?????????? (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, is pleased to provide the following operational update.

 

On 1st July 2018, the Pakrut gold mine officially produced and yielded out gold ingots.

 

As previously announced, the Pakrut gold mine suffered from a severe snowstorm in early 2017, that caused substantial damage to the site's plant and equipment, resulting in a halt to operations. Emergency rescue and disaster relief was immediately carried out to fully implement the restoration of production within the shortest time and lowest cost possible.

 

In April 2018, the production of the processing plant was restored, and on 1st July 2018, the smelting plant yielded out gold ingots, therefore the Pakrut gold mine has now resumed its normal production.

 

While in production and operation, the Company will continue to carry out infrastructural work to seek to ensure that all projects will be completed by the fourth quarter of 2018 and achieve a production scale of 2000 tons per day.

 

For further information please visit the Company's website (www.cnfgold.com) or contact:

 

China Nonferrous Gold Limited

 

Yu Lixian, Managing Director

 

Tel: +86 10 8442 6681

 

Investec Bank plc

 

Jeremy Ellis, Alexander Ruffman

 

Tel: +44 (0)20 7597 5970

 

Blytheweigh

 

Tim Blythe, Camilla Horsfall

 

Tel: +44 (0)20 7138 3224

 
 
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20180702005403/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

July 02, 2018 05:57 ET (09:57 GMT)

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