MINCO GOLD CORPORATION : http://www.mincogold.com/ : QwikReport

Company History

Minco Gold was incorporated under the Business Corporations Act (British Columbia) on November 5, 1982, under the name "Caprock Energy Ltd." The Company changed its name to "Minco Gold Corporation" on January 29, 2007. As of June 30th, 2017, the Company does not have any subsidiaries and holds no mineral properties.

Minco Gold was a pioneer among western mining companies in China, having cultivated strong relationships with key Chinese mining and governmental organizations, acquiring a substantial asset portfolio, working directly with strategic joint venture partners whose expertise have added significant value.

The Company owns a 18.12% equity interest in Minco Silver (MSV:TSX), a stake it has held since its spin-off from the Company and listing on the Toronto Stock Exchange in 2005. Minco Silver holds a 90% interest in the Fuwan silver deposit, situated along the northeast margin of the prospective Fuwan Silver Belt in Guangdong, China. Up until 2015, Minco Gold's flagship project was a 51% interest in the Changkeng Gold property, located contiguous to, and part of the same mineralized system as Fuwan. In 2015, the Company sold its 51% interest in the Changkeng gold project to Minco Silver.

In early 2017, the company changed its business focus from mineral exploration to an investment strategy with more ability and flexibility to capitalize on steadily improving market conditions in the mineral resource sector. Under the new strategy, the company plans to utilize its strong working capital position, its extensive industry contacts and internal expertise to build a portfolio of high-quality investments, primarily in publicly traded and privately held corporations as well as direct ownership stakes in resource projects.

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This page was created on Wed Dec 19, 2018 at 4:30:09 AM Pacific Time.