The Group's principal activities are exploring for, mining and smelting gold. Its products include standard Au9999 and Au9995 gold bullions. The Group operates through two segments: mining and smelting. The mining business segment consists of the operations of 11 gold mines and two copper mines. The smelting business segment consists of the operations of a concentrator and smelter complex. Smelting revenues include sales of gold, silver, sulphur and by-products from concentrates purchased from third parties; processing fees earned from the mining business segment, and tolling fees earned from third parties on whose behalf the business segment processes concentrates. Operations of the Group are carries out in the People's Republic of China.
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