Lingbao Gold Co

Updated: Nov 30, 2017 Print
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Lingbao Gold Co (灵宝黄金) was established on September 27, 2002. The company is located in Lingbao city, "China's city of gold" in Henan province, the second biggest gold-producing province in China. The company's main business scope covers the exploration, selection, smelting and refining of gold and its accompanying element and deep processing and selling of copper products. The company was listed on the main board of Hong Kong Stock Exchange on Jan 12, 2006 (stock code:03330). It was the first company in the gold industry that went public in Hong Kong in the first year during  China's 11th Five-Year Plan (2006-2010). In 2013, the company was listed as one of the top 100 companies in Henan by the provincial  government. It is also one of the 10 companies with the biggest gold sales revenue certified by China Gold Association, one of the top 10 companies in China having the most economic benefits in regards to gold, one of the top 10 companies in mineral gold and one of the top five companies of gold smelting in China.

The main products of the company are gold, silver, electrolytic copper, copper foil and sulphuric acid. It has two branch offices and 21 subsidiary companies, with a staff of around 6,400 people. It now has six mine production bases with two processors: gold smelting branch company and Huaxin Copper Foil, with a production scale of daily 7,000 tons of selected ores and daily 1,000 tons of processed gold concentrate. In the year of 2016, the company produced 17,302 kilograms of gold, 40,824 kg of silver, 12,666 tons of electrolytic copper, 172,200 tons of sulphuric acid and 18,874 tons of copper foil, reaching annual operation revenue of 6.055 billion yuan ($918.43 million). 

The company has 51 mining rights, with an area of 1893.26 square kilometers, which has around 186.14 tons of gold reserve and other resources in fields of gold, silver, copper, lead, zinc, etc. 

The development strategy of the company is that it prioritizes gold and also considers the development and utilization of other precious metals. It will devote greater efforts to exploration, increase gold reserve and improve mine gold production. The company's management has an average experience of more than 20 years in the gold industry and the corporate governance is excellent. Meanwhile, rich mine resources and sophisticated mining technology and smelting technology ensures the sustainable development of the company. Lingbao Gold Co will carry on with the principle of "steady, diligent, efficient, innovative" and improve its management and profit. It will strive to become a leading and internationally renowned gold enterprise and create large economic returns for all shareholders.


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