China Gold says Jiama mine unaffected by Tibet quake, keeps output guidance
China Gold International said its Jiama copper-gold mine in Tibet was not hit by a 7.0 magnitude quake and reaffirmed its 2026 output guidance, according to Reuters.
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what happened
China Gold International Resources said operations at its Jiama copper-gold mine in the Tibet Autonomous Region were not affected by an earthquake there. According to official measurements cited by the company, a magnitude 7.0 quake struck Baqing County in Nagqu on October 22, 2026, at a depth of 10 kilometers, roughly 350 kilometers from the mine.
The company said it introduced precautionary safety measures at all mining areas, and mining and processing continue without interruption. It also reaffirmed its 2026 annual production guidance for Jiama, and its subsidiary Tibet Huatailong Mining Development donated RMB 10 million to earthquake relief.
The statement was issued via TheNewswire and reported by Reuters.
why it matters
For markets this is a routine company update of moderate significance. The news matters mainly to shareholders of China Gold and investors in copper and gold, and the effect on global metal prices is likely limited.
market impact
Copper and gold: no disruption at Jiama removes a supply risk from this asset
tags
instruments
sources
- China Gold International Resources Reports Operations at the Jiama Mine Unaffected by the Earthquake and Reaffirms Annual Production Guidance — Reuters, 26 October 2026 at 23:45 UTC
- China Gold International Resources Announces Resumption of Mining Operations at the CSH Mine and Reaffirms Annual Production Guidance — Reuters, 26 October 2026 at 23:45 UTC
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