Hengxing Gold is an emerging gold producer listed in Hong Kong Stock Exchange(stock code: 2303). The Company owns and operates Gold Mountain Mine in Xinjiang, China with an annual gold production over 80,000 onces.
Hengxing Gold focuses on growing sustainable production, delivering on our commitments for excellence and valuing and developing our employees. The combination of strong cash flow, few debt and proven management has left Hengxing Gold perfectly positioned to take full avantage of the current gold price enviroment.
The principal business objectives of Hengxing Gold are to explore, develop and operate gold projects. We would seek investment opportunities for obtaining suitable quality assets to strengthen the Company’s asset portfolio and resource base by acquisitions and the Company will develop through the following strategies:
SEEK ORGANIC GROWTH
SEEK SUSTAINABLE GROWTH BY ACQUIRING QUALITY GOLD ASSETS
FURTHER STRENGTHENING WORK SAFETY AND ENVIRONMENTAL PROTECTION
Gold Mountain Mine is Located in Yining County, 500 km west of Urumuqi, the capital city of Xinjiang, north-western China. It is a low-grade, bulk-tonnage, open pit operation that uses heap leaching for gold recovery. Open pit mining began in 2013 and first gold pour started in 2014. The operation reached full processing capacity at 5 million tonnes annually since 2017 and will reach an average annual gold production of 80,000oz.