Make Kitco Your Homepage

Majestic to resume gold production in China

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Majestic Gold (TSX.V:MJS, FSE: A0BK1D) announced today that its operating subsidiary, Yantai Zhongjia Mining, has received governmental approval to resume operations at its Songjiagou North underground mine following the successful completion its cautionary safety inspection.

The company said it further anticipates receiving governmental approval to resume mining operations at the Songjiagou open pit gold mine by early June 2021.

The company had announced on March 1, 2021, the mandated closure by the Shandong Provincial Government of all non-coal operations in the province pending governmental cautionary safety inspections.

Majestic said it has operated the Songjiagou open pit gold mine and Songjiagou North underground mine accident-free since commencing production.

Currently focused solely in China, Majestic Gold is a British Columbia based company engaged in commercial gold production at the Songjiagou gold mine in eastern Shandong Province, China.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.