Persistence Resources Group Inc. (2489)

Overview

Persistence Resources Group Ltd is a prominent player in the gold mining sector, primarily focused on exploring, mining, and processing gold properties within China. The company was initially established in 2005, standing formerly as Sinogold Resources Holdings Group Co., Ltd., before rebranding to its current name in May 2022. With its roots deeply embedded in Yantai, China, where its headquarters reside, Persistence Resources Group Ltd operates under the umbrella of Majestic Gold Corp. This strategic partnership leverages extensive resources and expertise to enhance its mining operations. The company prides itself on operating two main gold mines, namely the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine, both situated in the prosperous MupingRushan gold metallogenic belt — an area well-known for its significant gold deposits.

Products and Services

The core offerings of Persistence Resources Group Ltd revolve around the gold mining sector, highlighted by its two primary operations:

• Songjiagou Open-Pit Mine:
  This mining site represents one of Persistence Resources Group’s major gold extraction operations. Utilizing open-pit mining techniques, the site allows for efficient and cost-effective gold production. Open-pit mining, known for its surface level extraction, favors the economic recovery of gold from near-surface ores, making this mine a pivotal asset in the company’s portfolio.
• Songjiagou Underground Mine:
  In contrast with the open-pit operation, the Songjiagou Underground Mine delves deep into the earth, employing advanced underground mining techniques to access gold deposits. This mine underscores the company's ability to tap into deeper gold reserves, showcasing its technical prowess and commitment to expanding its gold mining capabilities. Its existence complements the open-pit mining operation, collectively enhancing the company’s gold production and operational diversity.