B · Normal
[Western Gold: Subsidiary Xinjiang Meisheng continues to suspend production due to extreme weather] On November 13, Western Gold (601069.SH) announced that the company’s wholly-owned subsidiary Xinjiang Meisheng continued to have heavy snowfall in the mining area, which greatly affected construction conditions, roads, and power supply. Tailings pond construction and disaster prevention and control projects could not continue to be implemented, and decided to continue to suspend production. Xinjiang Meisheng's main products are gold concentrates and other gold products. The continued suspension of production in Xinjiang Meisheng will have a certain adverse impact on the company's cash flow and operating profits. The time for subsidiary Xinjiang Meisheng to resume production is still uncertain, and the impact on the company cannot be accurately estimated.
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