Profile: China Goldmines Plc (CGM.L)

China Goldmines plc (CGM) is a United Kingdom-based company. The Company is engaged in gold exploration, development and mining in China. CGM’s gold project is known as the Guanzhuang Gold Project. The Shen Jia Ya Prospect, which is within the Guanzhuang Gold Project is 100% owned/controlled by the Company. The Guanzhuang project comprises an exploration license held by its joint venture partner, Brigade 407, for an area of 20.74 square kilometers. The Shen Jia Ya Prospect consists of eight gold mines. The Company’s subsidiaries include Global Resource Ventures Ltd, Westralian Resources Pty Ltd and Hunan Westralian Mining Co., Ltd.