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Sydney-based Sino Gold Mining Limited is focussed on gold exploration and mining in China.
Sino Gold's flagship operation is the Jinfeng Gold Mine which has Mineral Resources containing 5.0 million ounces and Ore Reserves containing 3.2 million ounces. Jinfeng is China's second largest gold mine and is now producing gold at annualised rate of approximately 180,000 ounces of gold per annum.
The Company's White Mountain Gold Mine commenced commercial gold production in January 2009. Planned gold production is approximately 65,000 ounces per annum once the operation is ramped up to design rates. With Mineral Resources of 1.2 million ounces and Ore Reserves of 0.8 million ounces, White Mountain has a mine life of more than 10 years.
In April 2009, Sino Gold's Board of Directors approved the development of the Company's third mine at Eastern Dragon - a high-grade deposit that is forecast to produce an average of 90,000 ounces per annum at approximately US$125/ounce for the first five years of operation.
Sino Gold continues to assess the potential of the Beyinhar Project to be developed into an open-pit, heap-leach operation.
With very active gold exploration and acquisition programs, Sino Gold is very well placed to build on its success to date in China - the world's largest gold producing country.
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