China Gold International (02099): Operation of the Jiama mine was not affected by the earthquake and annual production guidelines were reaffirmed

Zhitong Finance App News, China Gold International (02099) announced that the company's Jiama copper-gold polymetallic mine (Jiama mine) was not affected by the earthquake that occurred in the Tibet Autonomous Region. The company reaffirms the annual production guidelines for the Jiama mine and believes that the mine is expected to meet the guidelines.

According to official measurements from the Tibet Earthquake Network and a press release from the Tibet Autonomous Region Seismological Bureau, an earthquake of magnitude 7.0 occurred at 22:33 Beijing time on October 22, 2026, in Baqing County (32.40° north latitude, 93.79° east longitude) in Nagqu City, Tibet Autonomous Region, with a depth of 10 kilometers.

The epicenter of the earthquake was about 350 km from the Jiama mine in Mozhugongka County. After the earthquake occurred, the company immediately implemented preventive safety measures in all mining areas of the Jiama mine. Mining and mineral processing operations have continued normally, and production has not been disrupted.

Based on the production performance so far and the operating plan for the rest of the year, the company reaffirms its 2026 production guidelines for the Jiama mine announced on January 27, 2026, and believes that the mine is expected to meet the guidelines.

Tibet Huatailong Mining Development Co., Ltd., a subsidiary of the company that operates the Jiama mine, has donated RMB 10 million to support earthquake relief efforts in affected areas, reflecting the company's commitment to support local communities when needed.

The Jiama mine has maintained safe, stable and efficient operation, and production continued to increase during the year. Its strong output is a key contributor to the company's production prospects.

As normal operation of the Jiama mine is confirmed and strong production performance is expected, the company will continue to closely monitor regional conditions and update the market on any significant changes in operations or guidelines.