China Gold International climbs as gold mine on track to resume operation
BUZZ-China Gold International climbs as gold mine on track to resume operation ** Hong Kong shares of China Gold International Resources Corp 2099.HK climb 4.7% in the third straight rising session to HK$231.4, their highest level since January 29
** Canada-based gold and base metal mining group said the slope remediation plans for its Chang Shan Hao Gold Mine in Inner Mongolia have been approved and key remediation work required to resume mining operations is expected to complete within a month with normal mining operations to resume progressively
** Open-pit mining operations of the mine were suspended after a localized slope instability event occurred at the mine on May 22 with no injuries or equipment losses resulting from the incident -- Co
** Co says it does not expect the incident to have a material impact on the mine's annual production guidance
** YTD, Hong Kong stock up 45.8%, Toronto-listed shares CGG.TO up 40.1%, while benchmark Hang Seng Index .HSI down 0.9%
(Reporting by Donny Kwok)
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