REALGOLD MINING (00246.HK) expects quantity of ore processed to fall 6.5% on gold mine affected by project
Last month, REALGOLD MINING (00246.HK) received a notice from the Songshan District Rural Electricity Authority that the Authority will implement a revamp project to upgrade electricity supply cables in the district and thus electricity supply will be suspended.
Shirengou Gold Mine of the group is affected by this project and has ceased to operate.
The mining activity at Shirengou-Nantaizi Processing Plant has also been affected.
It is estimated that the quantity of ore processed would be reduced by approximately 29,000 tonnes, representing a decrease of approximately 6.5% of the originally planned total quantity.
Source: AAStocks Financial News