The board of the Hengxing Gold Holding Company Limited announced the operational updates for the fourth quarter of 2016 of its Gold Mountain Mine. Gold Mountain Mine crushed and processed 1,259,310 tonnes of ore during the fourth quarter of 2016, up 9% year-on-year. The average head grade increased from 0.77 g/t to 0.95 g/t compared to that of the same period last year. The Yelmand prospe and the Mayituobi prospect achieved stripping volumes of 1,006,229 cubic meters and 22,97 cubic meters respectively, and mining volumes of 1,176,007 tonnes and 106,820 tonne respectively. As of 31 December 2016, the average overall strip ratio for Gold Mountain Min of 2016 is 1.22 (since the commissioning of the mine, the accumulative average strip ratio 2.14). For the fourth quarter of 2016, Gold Mountain Mine produced gold doré equivalent to a total of 11,280 ounces (equivalent to approximately 350.84 kg) of gold, approximately 9.6% lower than the corresponding figures for the same period last year. The reduction was mainly due to the temporary deferred gold extraction during the upgrading process of desorption-electrolysis equipment. For the fourth quarter of 2016, Gold Mountain Mine produced gold doré equivalent to a total of 11,280 ounces (equivalent to approximately 350.84 kg) of gold, approximately 9.6% lower than the corresponding figures for the same period last year. The reduction was mainly due to the temporary deferred gold extraction during the upgrading process of desorption-electrolysis equipment. As for the Kuangou prospect, the initial stripping in the fourth quarter of 2016 amounted to 1,232,310 cubic meters. Construction of haulage adit to the plant has reached 80 meters long and will be extended to the designed length of 1,139 meters.