Baiyin Nonferrous Fails to Win Bid for Gansu Gold Mine Exploration Rights After 2 Consecutive Limit-Ups

Deep News01-21

Baiyin Nonferrous Group Co.,Ltd. announced that, in order to increase its gold resource reserves and advance the development of its gold industry business, the company participated in an auction using its own capital. The auction was for the detailed exploration rights of the Qianhongquan Gold Mine in Yumen City, Gansu Province, which was listed on the online trading platform of the Gansu Public Resource Trading Center, entrusted by the Department of Natural Resources of Gansu Province. Details regarding the project listing can be found on the official website of the Gansu Public Resource Trading Center. On January 20, 2026, the aforementioned auction concluded, and ultimately the company was not the successful bidder for the exploration rights.

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