Lingbao Gold
| Company type | State-owned enterprise |
|---|---|
| Industry | Gold mining |
| Founded | 2002 |
| Headquarters | Lingbao , China |
Key people | Chen Jianzheng (Chairman) |
| Products | Gold |
| Owner | Lingbao Municipal Government (majority) |
Lingbao Gold Group Company Ltd. () operates as a government-owned gold mining firm, with its headquarters situated in Lingbao, Henan Province, China.
Corporate Affairs
The Lingbao Municipal Government holds the majority ownership of Lingbao Gold. The Board of Directors is chaired by Mr. Chen Jianzheng.
The company made its debut on the Hong Kong Stock Exchange on January 12, 2006, with an initial public offering priced at HK$3.33 per share.
In February 2024, Lingbao Gold successfully raised approximately HK$86 million by issuing 20 million new H shares at HK$4.30 each, bolstering its financial resources for upcoming initiatives.
Mines
As of the close of 2023, Lingbao Gold possessed 35 mining and exploration licenses spanning Henan, Xinjiang, Inner Mongolia, Jiangxi, Gansu, and the Kyrgyz Republic. The company’s gold production reached roughly 22.57 tonnes (725,476 ounces). Its combined gold reserves and resources totaled about 137.40 tonnes (4.42 million ounces).
The Group’s principal domestic asset is the Henan Lingjin Mining Complex, which comprises several underground vein-type deposits characterized by high average grades. The majority of mining activities are conducted underground, concentrating on narrow, high-grade gold veins.
In the Kyrgyzstan region, Lingbao holds an interest in Full Gold Mining, which operates the Ishtamberdy mine. This site contains estimated gold resources near 140 metric tons, ranking among the largest deposits in that area. Full Gold Mining gained development rights through investments in local infrastructure, including a US$38.57 million road construction project funded by China Development Bank.
References