Hengxing Gold is an emerging gold mining company in China. The Company owns and operates Gold Mountain Mine, the largest gold mine in Xinjiang, China as of April 14, 2014, in terms of designed annual ore processing capacity and estimated gold production volume at full production level, according to Xinjiang Gold Administration Bureau.
Located in Yining County of Xinjiang, the Gold Mountain Mine is about 40 km north of the downtown of Yining County and 500 km west of Ürümqi, the capital city of Xinjiang. Gold Mountain Mine covers a mining area of about 5.7 sq. km. As of December 31, 2013, the total gold resources and reserves were approximately 3.2 million troy ounces (~100.1 tonnes) and 2.2 milliion troy ounces (~67.3 tonnes), respectively, according to Independent Technical Report.