Western Gold (2025-2026 Q1)

English summary

### Western Gold (2025-2026 Q1)

Time: 2026-07-30 13:36:17

Content: 1. Company Profile: Xinjiang state-owned capital controlled, from a "single gold mine" to a "gold + manganese + beryllium" multi-metal platform. Western Gold is the listed gold platform under Xinjiang Nonferrous Metals Group controlled by the Xinjiang State-owned Assets Supervision and Administration Commission, and the largest modern gold mining, beneficiation and smelting enterprise in western China. Its core business model is undergoing fundamental reshaping: Absolute main business (gold mining, beneficiation and smelting): owns a complete industrial chain from mine exploration, mining, ore dressing, smelting to refining sales. In 2025, produced 16.92 tons of gold products, completing 172.76% of the annual plan. Two-wing synergy (manganese and beryllium industries): acquired Hongfa Ferroalloy (silico-manganese alloy) and manganese ore assets such as Baiyuanfeng and Mengxin Tianba, forming a pattern of "gold main line + multi-metal synergy". Core asset injection (Meisheng): in August 2025, the company completed the acquisition of 100% equity of Xinjiang Meisheng. ...