Hunan Gold subsidiary resumes operations after fatal accident

Hunan Gold Corporation announced its subsidiary, Hunan Newlong Mining Co., Ltd., will gradually resume production at its main operations starting September 25, 2025. This follows a temporary suspension initiated on August 24, 2025, after a rock collapse incident resulted in the death of one employee. Newlong Mining received approval to resume operations from the Xinshao County Emergency Management Bureau.

The temporary halt in production is estimated to reduce Hunan Gold's current period net profit by approximately CNY 52 million. In response to the incident, Newlong Mining conducted comprehensive safety education and training for its employees, addressed safety hazards, and performed equipment maintenance during the shutdown.

Hunan Gold stated that Newlong Mining will optimize its production plans to mitigate the impact of the production halt on its business. The company also emphasized its commitment to enhancing safety inspections and oversight across all its subsidiaries and reinforcing employee safety education to ensure the effective implementation of safety production responsibilities.