CAPITAL MARKETS

Sino warns Jianchaling may be mothballed in 2005

SINO Gold has warned investors that while it is close to finalising a deal at Jianchaling giving it access to ore from an adjoining mine, the operation may be put on care and maintenance in 2005 without further exploration or acquisition success.

Michael Quinn
Sino warns Jianchaling may be mothballed in 2005

The current deal being worked on will allow Jianchaling to operate at reduced rates throughout 2004, and comes in the wake of disappointing exploration results and a recently calculated reduction in reserves...

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