SGX 0.00% $8.08 sino gold mining limited

jinfeng production issues due to power shortag

  1. cya
    3,836 Posts.
    JINFENG FEBRUARY PRODUCTION TO BE IMPACTED BY POWER SUPPLY
    Sino Gold was advised yesterday that full power may not be available to Jinfeng until after the Chinese New Year holiday (around the 21st of February). The authorities had previously advised that work to the power lines and supply would be completed by the 28th January.
    Recent severe winter ice storms have impacted delivery of coal to power stations in southern China, resulting in electricity supplies being restricted by authorities in Guizhou Province.
    Gold production will continue at Jinfeng during this period but will be less than previously forecast gold production for February of 12,700 ounces.
    The Company will advise the market as soon as full power to Jinfeng is restored.
 
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