PERSISTENCE GOLD (02489): Yantai Zhongjia and Yantai Moujin temporarily suspended production.

date
21:06 10/02/2026
avatar
GMT Eight
Jiuhai Gold (02489) announced that the Yantai Emergency Management Bureau orally notified its subsidiary companies Yantai Zhongjia Mining Co., Ltd. (referred to as "Yantai Zhongjia") and Yantai Moujin Mining Co., Ltd. (referred to as "Yantai Moujin") yesterday that due to a serious accident at a mine site in Yantai Zhaoyuan City by a third party on February 7, 2026, all gold mines involved need to immediately suspend production, and other non-involved mining enterprises (including this Group) also need to stop production immediately. Therefore, Yantai Zhongjia and Yantai Moujin are actively cooperating and have suspended production at all mining areas. Further actions will depend on the formal notification from the Emergency Management Bureau.
Persistence Gold (02489) has released an announcement that the Yantai Emergency Management Bureau (Emergency Management Bureau) verbally notified the group's subsidiary, Yantai Zhongjia Mining Co., Ltd. (referred to as "Yantai Zhongjia") and Yantai Moujin Mining Co., Ltd. (referred to as "Yantai Moujin") yesterday, that due to a serious accident at a mine site in Yantai City's Zhaoyuan District on February 7, 2026, all mines, including the ones not involved in the incident, need to cease production immediately. Therefore, Yantai Zhongjia and Yantai Moujin have cooperated and suspended all mining area productions. The next steps will depend on the formal notification from the Emergency Management Bureau.