Western gold major asset reorganization projects have achieved staged results

On August 23, Western Gold Mining Co., Ltd. issued a semi -annual performance report that in the first half of 2022, the Western Gold Production Standard Gold was 2.092 tons, of which 0.689 tons of self -produced standards, and 1.404 tons of outsourced alloy processing standards.

Business income was about 869 million yuan, a decrease of 65.19%year -on -year; net profit attributable to shareholders of listed companies was about 38.57 million yuan, and the loss of 49.85 million yuan in the same period last year; the loss of non -net profit of 5.89 million yuan, the loss of 57.46 million yuan in the same period last year last year ; Basic returns per share loss of 0.0606 yuan. Although the economic benefits have improved, the company does not make profit distribution and the provident fund has increased share capital.

The main reason for the decrease in operating income is that the standard gold sales of the company's outsourcing co -purchased gold production decreased compared with the same period of the previous year, resulting in a decrease in operating income compared with the same period of the previous year. The main reason for the net profit attributable to shareholders of listed companies, and the increase in non -net profit from non -net profit compared with the same period of the previous year, the sales price of the main product standard gold increased compared with the same period of the previous year. Purchase, confirm investment income.

In the first half of 2022, the Western Gold insisted on the overall situation of the party building, changed his mind, condensed his mind, and worked hard. While actively responding to difficulties, he maintained strategic determination, insisted on focusing on key projects, and achieved new tasks for various tasks. Progress, new results.

Major asset reorganization projects have achieved staged results. Since the project was launched on November 8, 2021, it has continuously optimized the work plan, strengthened communication and coordination, and went all out to promote various tasks. By June 29th, the major asset reorganization project was unconditionally passed by the China Securities Regulatory Commission's M & A Review Committee. On the 21st, the company received approval documents from the China Securities Regulatory Commission.

Scientific and technological progress has achieved new results. Hatu Gold Mine has accelerated the recovery and utilization project of the collection of resource recovery in the governance of air areas in the mining area; Yili Company steadily promoted the mechanized continuous mining technology research project. New mechanized mining equipment in each mine has continuously improved the level of mechanized production.

New results have been achieved. Harujin Mine can achieve cost reduction and efficiency by adopting measures such as continuous and efficient residual mining, waste stone back to the empty area, comprehensive use of jet support, and strict control of the foreign committee's inspection operations. , Improve the efficiency and production capacity of mining, dense machines for reconstruction factories, strengthen the sales of sulfuric acid, and implement refined management measures to achieve cost reduction and efficiency; Hami Gold Mine has selected comprehensive transformation to increase the processing volume, strengthen sales and management to achieve cost reduction reduction reduction cost Increase efficiency.

Strengthen mineral rights management. In the first half of the year, there were 1 new mining rights, each of which continued 1 mining rights and exploration rights, and maintained 15 exploration rights. The construction of key projects is smoothly advanced. The continuing construction project of Hatujin Mine and Yili Company is progressing smoothly. The comprehensive use project of Yili Switching Factory has completed the feasibility study and is actively promoting subsequent related work.

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