Western Gold said two wholly owned subsidiaries—Aktao Baiyuanfeng Mining Co., Ltd. and Mengxin Tianba Mining Investment Co., Ltd.—will suspend operations for rectification for up to 30 days after a safety self-inspection found multiple hazards, according to 36Kr. Baiyuanfeng will fully halt production, while Mengxin Tianba will suspend underground mining operations for up to 30 days, with its processing plant continuing to operate normally.
The company disclosed that Baiyuanfeng recorded 2025 revenue of RMB 490 million and net profit of RMB 130 million, while Mengxin Tianba posted 2025 revenue of RMB 66.3053 million and net profit of RMB 25.75 million. Western Gold said the timing for resuming production is uncertain and the impact cannot yet be accurately estimated.
Western Gold Halts Two Subsidiaries for Up to 30 Days Over Safety Issues
2026-06-29 09:06:36
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