CHINAGOLDINTL (02099): Jiama Mine Operations Unaffected by Earthquake and Annual Production Guidance Reiterated
China Gold International (02099) announced that the Company's Jiama copper-gold polymetallic mine (Jiama Mine) was not affected by the earthquake that occurred in the Tibet Autonomous Region. The Company reiterates the annual production guidance for the Jiama Mine and believes that the mine is expected to meet the guidance.
CHINAGOLDINTL (02099) announces that the Company's Jiama copper-gold polymetallic mine (Jiama Mine) has not been affected by the earthquake that occurred in the Tibet Autonomous Region. The Company reiterates the annual production guidance for the Jiama Mine and believes that the mine is on track to meet such guidance.
According to the official determination by the Tibet Earthquake Network and a press release from the Tibet Autonomous Region Earthquake Administration, at 22:33 Beijing time on October 22, 2026, a magnitude 7.0 earthquake occurred in Baqing County, Nagqu City, Tibet Autonomous Region (latitude 32.40N, longitude 93.79E), with a focal depth of 10 kilometers.
The epicenter was approximately 350 kilometers from the Jiama Mine in Maizhokunggar County. Following the earthquake, the Company immediately implemented precautionary safety measures across all mining areas of the Jiama Mine. Mining and ore processing operations have continued normally, and production has not been disrupted.
Based on production performance to date and the operating plan for the remainder of the year, the Company reiterates the 2026 annual production guidance for the Jiama Mine announced on January 27, 2026, and believes that the mine is on track to meet such guidance.
Tibet Huatailong Mining Development Co., Ltd., a subsidiary of the Company that operates the Jiama Mine, has donated RMB10 million to support earthquake relief efforts in the affected areas, reflecting the Company's commitment to supporting local communities in times of need.
The Jiama Mine has maintained safe, stable and efficient operations, with production continuing to increase during the year. Its strong output is a key contributor to the Company's production outlook.
With the Jiama Mine's operations confirmed to be normal and a strong production performance outlook expected, the Company will continue to closely monitor regional conditions and will update the market on any material changes to operations or guidance.
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