Persistence Gold Unit Resumes Production at Yantai Mine

MT Newswires Live

03/11

Persistence Gold (HKG:2489) said one of its Yantai-based mining subsidiaries had resumed production, according to a Tuesday Hong Kong bourse filing.

Shares of the gold miner gained nearly 6% in morning trade Wednesday.

Yantai Zhongjia Mining suspended production after local authorities ordered a halt following a fatal accident at a third-party mine.

Persistence Gold did not specify if its other subsidiary, Yantai Mujin Mining, had also resumed production.

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