Western Gold: Fully owned subsidiary Xinjiang Meisheng temporarily shut down for no more than 50 days

2026-02-28 17:43:46

Beike Finance News, The Beijing News: On February 27, Western Gold announced that its wholly owned subsidiary, Xinjiang Meisheng Mining Co., Ltd. (“Xinjiang Meisheng”), experienced rare heavy snowfall and extreme weather conditions in its region, causing disruptions to electricity supply and transportation. To ensure personnel safety, the company has decided to temporarily halt production, with an estimated duration of no more than 50 days. Xinjiang Meisheng’s main products include gold concentrates and other gold products, which accounted for 28.90% of the company’s total assets in the past year. The resumption of production is uncertain, and the impact cannot be accurately estimated at this time. Aside from this matter, the company’s other operations are proceeding normally.

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