Persistence Gold Group (Stock Code: 2489) Reports Production Suspension and Updates on Use of Placing Proceeds

Bulletin Express

Feb 10

Persistence Gold Group (Stock Code: 2489) announced a suspension of production at its subsidiaries, Yantai Zhongjia Mining Co., Ltd. and Yantai Mujin Mining Co., Ltd., following a severe accident at a third-party mine in Zhaoyuan City, Yantai on 7 February 2026. According to the announcement, the local Yantai Emergency Management Bureau verbally directed all affected mining enterprises to halt operations immediately. The subsidiaries have complied, and the Group is awaiting an official notice before determining further steps.

In addition, the company provided an update on the use of net proceeds from its previous placing completed on 14 October 2025. The Group remains focused on potential gold mine acquisitions and is considering additional property acquisition and joint venture opportunities. Representatives are currently in South Africa taking part in the Mining Indaba and 121 Mining Investment Conferences to engage with potential partners and mining firms.

Further announcements regarding the production resumption and progress of these initiatives will be released as necessary under applicable regulations.

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According to the announcement, the local Yantai Emergency Management Bureau verbally directed all affected mining enterprises to halt operations immediately. The subsidiaries have complied, and the Group is awaiting an official notice before determining further steps.</p>\n<p>In addition, the company provided an update on the use of net proceeds from its previous placing completed on 14 October 2025. The Group remains focused on potential gold mine acquisitions and is considering additional property acquisition and joint venture opportunities. Representatives are currently in South Africa taking part in the Mining Indaba and 121 Mining Investment Conferences to engage with potential partners and mining firms.</p>\n<p>Further announcements regarding the production resumption and progress of these initiatives will be released as necessary under applicable regulations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02489","symbol_name":"集海黄金","start_time":0,"source_url":"","article_id":"1160933471","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160933471","pubTimestamp":1770728610,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Persistence Gold Group (Stock Code: 2489) announced a suspension of production at its subsidiaries, Yantai Zhongjia Mining Co., Ltd. and Yantai Mujin Mining Co., Ltd., following a severe accident at...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02489":"集海黄金"},"translate_title":"Persistence Gold Group（股份代号：2489）报告暂停生产及配售所得款项用途更新","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02489":1},"content_text":"Persistence Gold Group (Stock Code: 2489) announced a suspension of production at its subsidiaries, Yantai Zhongjia Mining Co., Ltd. and Yantai Mujin Mining Co., Ltd., following a severe accident at a third-party mine in Zhaoyuan City, Yantai on 7 February 2026. 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