Baoding Technology (SHE:002552) subsidiary Zhaoyuan Hexi Gold Mine received official safety acceptance and a new production license from Shandong authorities for its expansion project.
The license permits the underground mine to operate at an increased scale of 300,000 tonnes per year, according to a Friday filing with the Shenzhen bourse.
The license is valid until October 2028.
Shares of the metal manufacturer jumped 10% Friday.
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