China Nonferrous Gold Limited

CNG

KYG215771042

Gold

Market Closed - London S.E. Other stock markets 10:30:00 2023-11-24 am EST			5-day change	1st Jan Change
1.3 ^GBX	-.--%		-.--%	-.--%

Jan. 03	China Nonferrous Gold hit by USD220 million loan repayment	AN
Jan. 03	China Nonferrous Gold Gets Notice of Loan Non-extension with CNMC Trade	MT

China Nonferrous Gold shares suspended from trading on AIM

November 24, 2023 at 11:30 am EST

China Nonferrous Gold Ltd - Cayman Islands-based mineral exploration and development company operating the Pakrut gold project in Tajikistan - At the request of the company, shares in China Nonferrous Gold were suspended from trading on AIM on Friday, pending clarification of the company's financial position.

In late September, China Nonferrous Gold reported a widened half-year loss due to higher finance costs on the back of rising interest rates. Pretax loss in the first half of 2023 widened to USD8.1 million, from USD946,000 a year prior. Revenue fell slightly to USD30.2 million from USD30.7 million. Finance costs doubled to USD12.0 million from USD5.9 million, with China Nonferrous citing higher market interest rates.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about China Nonferrous Gold Limited

China Nonferrous Gold hit by USD220 million loan repayment	Jan. 03	AN
China Nonferrous Gold Gets Notice of Loan Non-extension with CNMC Trade	Jan. 03	MT
China Nonferrous Gold Announces Board Changes	Dec. 18	CI
China Nonferrous Gold Halts Trading on London Bourse’s AIM	Nov. 24	MT
China Nonferrous Gold shares suspended from trading on AIM	Nov. 24	AN
China Nonferrous Gold interim loss balloons on soaring finance costs	23-09-22	AN
China Nonferrous Gold Limited Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-22	CI
China Nonferrous Gold Limited Announces Extension to Loan Agreements	23-07-12	CI
China Nonferrous Gold Limited Announces Production Results for Twelve Months Ended 31 December 2022	23-06-30	CI
FTSE 100 Closes Up 0.1% as Investors Eye Fed, ECB Rate Decisions	23-06-12	DJ
UK Wage Growth Will Keep Interest Rates High	23-06-12	DJ
China Nonferrous executes loan agreement with CNMC Trade	23-06-12	AN
China Nonferrous Gold appoints Zhishuo as managing director	23-06-02	AN
FTSE 100 Closes Down 1.4% as Recession Risks Jitters	23-05-30	DJ
Sterling Stands to Benefit From Higher Rates	23-05-30	DJ
China Nonferrous Gold Limited Announces CEO Changes	23-05-30	CI
China Nonferrous Gold Limited Announces Change of the Board	23-05-30	CI
China Nonferrous Gold Limited Announces Pakrut Gold Mine Independent Technical Report	23-04-24	CI
China Nonferrous Gold Resumes Operations in Tajikistan	23-04-11	MT
China Nonferrous Gold Limited Announces That the Power Supply Was Re-Established and Production Has Resumed At the Pakrut Mine Site	23-03-16	CI
China Nonferrous Gold Limited Auditor Raises 'Going Concern' Doubt	23-02-28	CI
China Nonferrous Gold Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
China Nonferrous Gold Shares Plunge on Production Suspension Amid Tajikistan Avalanche	23-02-23	MT
China Nonferrous Gold Enters $20 Million Loan Deal With CNMC Trade	23-01-24	MT
UK shareholder meetings calendar - next 7 days	22-12-16	AN

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Company Profile

China Nonferrous Gold Limited is a mineral exploration and development company. The Company is focused on projects in Tajikistan. The Company has an exploration and Trial License over the Pakrut License Area, covering 63 square kilometers (km2). The License area is located in the Tian Shan Gold Belt. The Company, through its subsidiary LLC Pakrut, has an exploration and trial mining license over the Pakrut License Area, an exploration area that extends approximately 6,300 hectares. It has 100% ownership of production on the Pakrut Gold Project. It has a full mining License for the Pakrut Gold Project by the Government of The Republic of Tajikistan. Total JORC Code-Compliant Resources Of 4,808,000oz Au, Assuming A 0.75g/T Cut-Off Grade, have been defined at the Pakrut Gold Project. In addition to the Pakrut Gold Project, it is focusing on three additional mineralized systems within the exploration license area: Eastern Pakrut, Rufigar and Sulfidnoye.

Sector

Gold

Calendar

2024-06-26 - Q4 2023 Earnings Release (Projected)

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