Heap leach project and a heap of related party loans drag Zijin Mining’s Norton Gold Fields into the red

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October 8 in World News

https://news247.center/forums/topic/4915-heap-leach-project-and-a-heap-of-related-party-loans-drag-zijin-mining%E2%80%99s-norton-gold-fields-into-the-red/

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Heap leach project and a heap of related party loans drag Zijin Mining’s Norton Gold Fields into the red

The Australian arm of a Chinese mining giant failed to turn a profit last year thanks partly to mountains of debt owed to a connected entity.

Freshly filed accounts from gold producer Norton Gold Fields, the low-profile Australian subsidiary of Zijin Mining, reveal a bottom line loss of $44.3 million for 2023. This compares to a $18.1m profit in 2022.

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#Heap #leach #project #heap #related #party #loans #drag #Zijin #Minings #Norton #Gold #Fields #red

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Heap leach project and a heap of related party loans drag Zijin Mining’s Norton Gold Fields into the red

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