TORONTO, Jan. 29 /CNW/ - Sino Gold was advised yesterday that full power
may not be available to Jinfeng until after the Chinese New Year holiday
(around the 21st of February). The authorities had previously advised that
work to the power lines and supply would be completed by the 28th January.
Recent severe winter ice storms have impacted delivery of coal to power
stations in southern China, resulting in electricity supplies being restricted
by authorities in Guizhou Province.
Gold production will continue at Jinfeng during this period but will be
less than previously forecast gold production for February of 12,700 ounces.
The Company will advise the market as soon as full power to Jinfeng is
Cautionary Statement on Forward-Looking Information
Certain information included in this release, including any information
as to future financial or operating performance and other statements that
express expectations or estimates of future performance, constitute
"forward-looking statements". The words "expect", "will", "intend", "estimate"
and similar expressions identify forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and assumptions
that, while considered reasonable by management of the Company, are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. The Company cautions the reader that such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause the actual financial results, performance or achievements of
the Company to be materially different from estimated future results,
performance or achievements expressed or implied by those forward-looking
statements and the forward-looking statements are not guarantees of future
performance. These risks, uncertainties and other factors include, but are not
limited to: changes in the worldwide price of gold or certain other
commodities (such as fuel and electricity) and other currencies; changes in
U.S. dollar interest rates or gold lease rates; risks arising from holding
derivative instruments; ability to successfully integrate acquired assets;
legislative, political or economic developments in the jurisdictions in which
the Company carries on business; operating or technical difficulties in
connection with mining or development activities; employee relations;
availability and increasing costs associated with mining inputs and labour;
the speculative nature of exploration and development, including the risks of
diminishing quantities or grades of reserves, adverse changes in our credit
rating, contests over title to properties, particularly title to undeveloped
properties; and the risks involved in the exploration, development and mining
business. These factors are discussed in greater detail in the Company's
statutory releases filed with the Australian securities regulatory
The Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as expressly required by applicable law.
NEITHER THE ASX NOR THE SEHK HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: regarding Sino Gold please contact: Investor
Enquiries: Jake Klein, CEO or Roger Howe, Investor Relations, +61 2 8259 7000,
firstname.lastname@example.org; Media Enquiries: Kate Kerrison, +61 2 6746 3221,