24th Feb 2020 07:35
China Nonferrous Gold Limited(“CNG” or the “Company”)
2019 Production Update
China Nonferrous Gold Limited 中国有色黄金有限公司 (AIM: CNG), the mineral exploration and mining company currently mining the Pakrut gold project in the Republic of Tajikistan, announces its annual gold production from its mine in Pakrut for the period January to December 2019.
The Company made significant achievements in 2019 and became an important Gold-production enterprise in Tajikistan.
Pakrut gold mine achieved its internal production targets for 2019. From January to December 2019, a total of 731,600 tons of ore was extracted from Pakrut gold mine through this twelve-month period:
690,300 tons of ore was processed (the original internal estimate by the Company was for 660,000 tons per year); and 37,552.02 oz gold ingots were poured, with an average grade of 99.97%.The Company intends to implement a further efficiency plan to improve the production capacity and reduce costs. Further updates will be made as appropriate.
Consent for release
Xiuzhi Shi (Phd Mining Engineering; member of the mining committee of the Nonferrous Metals Society of China) is a director of the Company. He has reviewed the update and consents to the inclusion of the information in the form and context in which it appears here.
For further information please visit the Company’s website (www.cnfgold.com) or contact:
China Nonferrous Gold LimitedYu Lixian, Managing DirectorTel: +86 10 8442 6681
WH Ireland Limited (NOMAD & Broker)Katy Mitchell, James Sinclair-FordTel: +44 (0)207 220 1666
Blytheweigh (PR)Tim Blythe, Camilla HorsfallTel: +44 (0)20 7138 3224
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
View source version on businesswire.com: https://www.businesswire.com/news/home/20200223005048/en/
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