Summary by Futu AI
Shandong Gold Mining Co., Ltd. (“Shandong Gold”) announced that it has obtained the Sanshan Island gold mining license of Shandong Gold Mining (Leizhou) Co., Ltd., on May 29, 2024. The move follows the Company's Board of Directors and General Meetings held on 26 January and 7 March 2024, respectively, to discuss further developments following the acquisition of Xiling gold mining rights held by a wholly-owned subsidiary of Shandong Gold Group Limited, a wholly-owned subsidiary of Shandong Gold Group Limited. Upon completion of the acquisition, Xiling gold mining rights will be consolidated with the existing mining rights in Sanshan Island Gold Mine under Shandong Gold Mining (Leizhou) Co., Ltd., and unify development exploitation. The company will actively promote the construction work related to the integrated Misayama Gold Mine Project.