China Nonferrous Gold Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Pakrut Gold Mine Production Guidance for the Year 2019; Announces Production Capacity and Strive to Double its Capacity by 2021
In 2019, the Pakrut gold mine is expected to achieve an annual production of 660,000 tons and produce 1.3 tons of gold per annum.
Subsequently, the company will fully increase its production capacity, and strive to double its capacity by 2021. While increasing the production, the company is as making every effort to research and refine the selection and improvement process of the Pakrut gold project by continuously reducing production costs, increasing recovery rates and improving its overall competitiveness. After completing the infrastructure projects, expected in the fourth quarter of 2018, the Pakrut gold mine is expected to enter full production and capacity will gradually reach 2,000 tons per day.