Asset Report
Jiapigou gold mine
Report summary
The Jiapigou property comprises five mining areas, located 3km from Jiapigou County. China Gold Group has acquired the asset in 2005 for RMB 260 million. Since 2010, head grades have dropped significantly as low grade ores and tailings are mined to extend mine life. Since 2010, tailings and low grade ore have been mined for ore feed at the mill in order to extend mine life as reserves near depletion. As a result, head grades have dropped significantly from 7.5g/t to 1.4g/t. Due to feed shortage, the processing plant has operated below design capacity with utilisation rate of below 50%.
Table of contents
- Summary
- Key issues
- Mining
- Process
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- Detailed map
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