The principal business objectives of MIG Mining are to explore, develop and operate gold projects. We would seek investment opportunities for obtaining suitable quality assets to strengthen the Company’s asset portfolio and resource base by acquisitions and the Company will develop through the following strategies:
The Company plans to strengthen mining strategy and production schedule in the Gongshan Mine, in order to maintain the stability of the output. The management team of the mine continues to be focused on improving the efficiency of the operation, including enhancing ore processing procedures and increasing recovery rate. We anticipate the improvement would optimize the economical outcome.
The Company will continue the exploration activities in the mining area and surrounding tenements of the Gongshan Mine. New exploration plan is to focus on drilling in the depth under the existing mining area.
The Company is determined to be focused on gold exploration and mining operation activities. In the previous years, the company has significantly improved the operational results of the Gongshan Mine, which in turn helped to secure a healthy ground for the Company for further growth. With strong financial support, we consider current and near-term market conditions providing an opportunity for growth by acquisitions. The Company would make continual efforts to pursue high-quality gold assets, from both domestic and overseas. Our primary target is pursuing gold assets in advanced stage to strengthen the Company’s resource and reserve basis. In the long term, the Company plans to grow to a mid-tier gold producer with a global portfolio of long-life assets.
The company is committed to participate in an environmentally beneficial initiative, led by our Social & Environmental Awareness Team. We vigorously promote cautious behavior throughout our workforce, with safety control and acknowledgment of the precious ecological environment surrounding the mine area. It is our ultimate goal to eliminate workplace injuries and illnesses, in order to do so, relevant policies focused on behaviors; leadership and risk management are being implemented. In the past years MIG Mining has developed several green projects cooperated with local communities for growing trees, vegetables, flowers and protection of biodiversity. There is also an employee program to select and train young people from local minority villages to work in the Gongshan Mine.
Effective corporate governance practices have been a primary focus of the Board of Directors since the Corporation's inception. The directors of the Corporation are committed to maintaining a high standard of corporate governance for the proper operation of the business of the Corporation and the effective protection of its interests.