Annual production capacity of 396,000 tons! Shengda Resources' Caiyuanzi Copper-Gold Mine secures key production qualifications

On the evening of August 3, Shengda Resources announced that its holding subsidiary, Sichuan Honglin Mining Co., Ltd., successfully obtained the "Safety Production License" for the Caiyuanzi Copper-Gold Mine Tailings Pond issued by the Sichuan Provincial Department of Emergency Management. The certificate is valid until July 26, 2029. The tailings pond is an essential supporting facility for the mine's beneficiation production. The issuance of this license marks that the mine possesses the statutory conditions to carry out beneficiation operations, and the Caiyuanzi Copper-Gold Mine has fully entered the stage of official production.

Basic Overview of Caiyuanzi Copper-Gold Mine: Annual Production Scale of 396,000 Tons

Data shows that the mining license of the Caiyuanzi Copper-Gold Mine under Honglin Mining specifies that the mining minerals include gold ore and copper ore, with an approved production scale of 396,000 tons/year. The mining area is located in Muli County, Liangshan, Sichuan, and belongs to a medium-to-large gold-copper associated mine. The ore is easy to separate and possesses good development value. It mainly produces copper-gold mixed concentrate powder, in which the gold product is priced separately.

The project has completed the construction of the main mining works in the early stage and previously carried out phased trial production. With the completion of the safety permit for the tailings pond, the entire production process of mining, beneficiation, and tailings storage at the mine has achieved compliant operation.

Release of Gold Mine Production Capacity Opens Up Growth Space for Company Performance

The Caiyuanzi Copper-Gold Mine is an important incremental mineral project for Shengda Resources. After the mine is officially put into production, it will continuously contribute gold and copper metal products to the enterprise, effectively expanding the company's capacity for precious and non-ferrous metals and optimizing the resource product structure.

The company stated that the commissioning of the project is expected to have a positive pull on the company's current and medium-to-long-term operating performance. At the same time, it is necessary to note that fluctuations in gold and copper prices will directly affect the project's profitability, and the actual benefits of the project still remain uncertain.