It is China's leading gold producer and one of China's largest gold smelting companies. Its principal products are standard Au9999 and Au9995 gold bullions. Its main production technologies and facilities lead in China and reach international advanced levels.
The Company is located in Zhaoyuan City, Shandong Province, in the Jiaodong peninsula. Zhaoyuan has abundant resources and unique geological location. It has a long history of gold exploration and production. According to the statistics provided by the China Gold Association, gold resources in Zhaoyuan account for approximately 10% of the remaining gold resources in the PRC. Zhaoyuan is the largest gold production base and has the largest gold production in the PRC, so it is named “Gold Capital of China” by the China Gold Association.
In recent years, the Company has insisted on focusing on gold mining, adhered to technology leadership and management innovation and kept strengthening the Company’s technological and cost advantages in the gold production field. As a result, the Company has increased its gold reserves, gold production and corporate efficiency year after year. The Company has a number of subsidiaries, joint ventures and associates nationwide, with operations in all major gold production regions in the PRC. As of 31 December 2016, in accordance with the standard set out in the Code of the Joint Ore Reserves Committee in Australia (the “JORC”), the Company had owned approximately 39.7229 million ounces of gold ore reserves and approximately 17.645 million ounces of recoverable gold reserves.
Looking ahead, the Company will continue to adhere to the strategy of “Continuous Resources Supports Our Prospective Future”. With a favorable geological location, abundant resources, leading technologies and innovative management model, the Company will be committed to the pure gold production and will continuously increase its gold reserves and gold production while proactively participating in the consolidation and development of domestic and overseas gold resources. The Company will strive to attain continuous growth in the profit and become one of China’s top and the world’s leading gold production enterprises and repay the shareholders and the society with the best results.
*On 31 August 2009, Zhaoyuan State-owned Assets Operation Ltd. successfully acquired a total of 42,400,000 domestic shares of the Company held by Guangxin Investment, representing approximately 2.86% of the entire issued share capital of the Company.