Zijin News  On 12 June 2020, Zijin Mining issued an announcement that the company entered into an arrangement agreement with Guyana Goldfields Inc. The Company, through a wholly-owned subsidiary established in Canada by Gold Mountains (H.K.) International Mining Company Limited, the Company’ soverseas wholly-owned subsidiary, proposed to acquire all the issued and outstanding common shares of Guyana Goldfields  for cash consideration of CAD$1.85per Target Share. The total consideration for 100% Target Shares under the Acquisitionis approximately CAD$323 million. After completion of the Acquisition, the Company will own 100% equity interest in Guyana Goldfields.

Guyana Goldfields Inc.’s main assets are 100% interest in the Aurora Gold Mine project (in current production) and 15 separate exploration properties held.

According to the NI 43-101 technical report released by Guyana Goldfields in 2020, Aurora Gold Mine owned retained gold resource reserve volume of 178 tonnes, grading 2.7g/t in average, the mine life of the mine is 14 years. Production is expected to turn from open-pit mining to underground mining in mid-2021. The processing volume of the plant is 7,500 tonnes/day. The average annual gold production volume approximately 4.57 tonnes, of which, the average annual gold production from underground mining from 2022 to 2026 is expected to be approximately 5.27 tonnes.

According to the general research of Zijin (Xiamen) Engineering Co., Ltd.(a subsidiary of the Company)on the Aurora Gold Mine, through redesign by means such as re-measuring the open-pit mining boundary, joint open-pit and underground miningand optimising the mining and processing methods, etc., the over all designed project scale is expected to be approximately 2.5milliontonnes/year and the total mine life can be extended.

À propos de Zijin Mining
Zijin Mining est une entreprise mondiale leader dans le secteur des métaux et de l'exploitation minière, et l'un des plus grands producteurs mondiaux d'or, de cuivre et de zinc. La société compte plus de 30 sites miniers et projets d'envergure répartis dans 19 pays sur 5 continents. Grâce à ses solides capacités internes en matière de recherche, d'ingénierie et de développement, Zijin maintient une efficacité opérationnelle élevée à moindre coût, tant pour les acquisitions que pour les opérations. Cette approche lui permet de se positionner en tant que leader de la création de valeur, guidée par une philosophie de développement pour tous et soutenue par des performances exemplaires en matière d'environnement, de responsabilité sociale et de gouvernance. Les actions de Zijin sont cotées à la Bourse de Hong Kong (HKEX : 2899) et à la Bourse de Shanghai (SSE : 601899).