Yintai Gold Group acquires 60% equity of Huasheng Gold Mine for 1.037 billion yuan

(000975.SZ)9 On the 14th of the month, the company announced the acquisition of 60% equity of Mangshi Huasheng Gold Mine Development Co., Ltd. held by Zhang Hui, with a transaction price of 1.037 billion yuan. As of now, the company has completed the registration procedures for the above-mentioned equity transfer and change.

Huasheng Gold Mine's main business is the mining, selection, and smelting of high-quality gold. Its core asset is the mining rights of Mangshi Gold Mine, which has obtained a mining license. Currently, its production scale is 100000 tons per year and it is applying to change it to 1.2 million tons per year. As of December 31, 2020, Mangshi Gold Mine has a total gold resource of 23.225 million tons, with a gold metal content of 70.67 tons and an average Au grade of 3.04 grams per ton.

(000975.SZ)