Lingbao Gold
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Lingbao Gold Group Company Ltd. (Template:Hkex) is a state-owned gold mining enterprise headquartered in Lingbao, Henan Province, China.
Corporate Affairs
Lingbao Gold is a state-owned enterprise, with the majority stake held by the Lingbao Municipal Government. The company's corporate governance structure includes a Board of Directors led by Chairman Mr. Chen Jianzheng.[1]
The company was listed on the Hong Kong Stock Exchange on January 12, 2006, with an initial public offering price of HK$3.33 per share.[2]
In February 2024, the company completed a placement of new H shares, raising approximately HK$86 million. The placement involved the issuance of 20 million H shares at a price of HK$4.30 per share, aimed at strengthening the company's capital base and supporting future development projects.[3]
Mines
At the end of 2023, the company held 35 mining and exploration rights across Henan, Xinjiang, Inner Mongolia, Jiangxi, Gansu, and the Kyrgyz Republic and produced approximately 22.57 tonnes (725,476 ounces) of gold. The Group’s total gold reserves and resources amounted to approximately 137.40 tonnes (4.42 million ounces).[4]
Domestically, the Group’s largest operation is the Henan Lingjin Mining Complex, which includes multiple underground vein-type deposits known for their relatively high average grades. IMost of the Group’s mines are underground operations, characterised by narrow, high-grade gold-bearing structures.[5]
In Kyrgyzstan, Lingbao Gold also holds a stake in Full Gold Mining, the operator of the Ishtamberdy mine. The Ishtamberdy mine has estimated gold resources of around 140 metric tons, placing it among the larger deposits in the Jalal-Abad region. Full Gold Mining acquired development rights in exchange for investing in local infrastructure, including a US$38.57 million China Development Bank-financed road project.[6]
References
- ↑ Lingbao Gold Group Company Ltd. Annual Report 2023
- ↑ Lingbao Gold Company Profile & Introduction – Moomoo
- ↑ GTJAI Solely Facilitated Lingbao Gold's Placing of New H Shares
- ↑ Lingbao Gold Group Annual Report 2023, p. 6.
- ↑ Lingbao Gold Group Annual Report 2023, pp. 6–8.
- ↑ Script error: No such module "citation/CS1".