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Jinshan Gold Mines Inc.

SymbolJIN
Float Market Cap188,164,333 as of Sept. 29, 2008
Last Price1.09 as of Sept. 29, 2008
Outstanding Shares163,621,159
Keep me informed of Jinshan Gold Mines Inc.
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Articles and Press Releases

From MineWeb | contributed by feedreader - Apr 17 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

Oyu Tolgoi project agreement delays have forced Ivanhoe Mines to speed up its decision to spin off its non-core asset of Jinshan Gold mines. Nevertheless, both China National Gold and Jinshan Gold believe they will mutually benefit from their proposed merger.

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Jinshan Gold Mines To Hold Conference Call Today To Discuss Recent China National Gold Group Transaction

Direct contribution | contributed by nmandryk - Apr 17 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

Jinshan Gold Mines to host investor conference call from Beijing to discuss recent China Gold transaction and new platform for growth. The call will be held today, Thursday April 17, at 6:00PM Eastern, 3:00PM Western, (6am April 18th from Beijing). Jay Chmelauskas, CEO and President of Jinshan, and representatives from China Gold will make a presentation and take questions.

Click here for a copy of the corporate presentation that will be used in today's call.

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Bloomberg Features Jinshan Gold Mines

Direct contribution | contributed by nmandryk - Apr 15 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

Click here to view Mr. Roger Walsh, Vice President of Corporate Development, being interviewed with respect to the recent China Gold transaction.

http://www.jinshanmines.com/i/video/

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Jinshan Gold Mines To Hold Conference Call On Thursday April 17, To Discuss Recent China National Gold Group Transaction

Direct contribution | contributed by nmandryk - Apr 15 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

VANCOUVER, CANADA - Jinshan Gold Mines Inc. (TSX: JIN) will host a telephone conference call for investors from Beijing to discuss the recent China National Gold Group transaction, which saw China National Gold purchase a 42% equity stake in Jinshan, and a new platform for growth. The call will be held on Thursday April 17, at 6:00PM Eastern, 3:00PM Pacific, (6am April 18th in Beijing). Jay Chmelauskas, CEO and President of Jinshan, and representatives from China National Gold Group will make a presentation and take questions.

The conference call may be accessed by dialing toll-free 1-866-223-7781 in Canada and the United States, or 1-416-641-6142 in the Toronto area and internationally. A simultaneous webcast of the conference call will be provided through www.jinshanmines.com. The conference call will be archived for later playback and may be accessed by dialing 1-416-695-5800 and entering the pass code 3259113, or via www.jinshanmines.com. The archived playback will be available until May 17, 2008 11:59 PM.

About Jinshan

Jinshan is a Canadian mining company focused on gold production in China. The company began producing gold at the CSH Mine in July 2007 and is actively advancing its portfolio of gold exploration properties in China. Jinshan's shares are listed on the Toronto stock exchange under the symbol JIN.

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China National Gold Corporation Purchases Cdn$218 Million Of Jinshan Securities With A Mandate To Create A Leading Global Gold Producer

Direct contribution | contributed by nmandryk - Apr 10 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

VANCOUVER, CANADA - Jinshan Gold Mines Inc. (“Jinshan”) (TSX: JIN) is pleased to announce that China National Gold Group Corporation (“China Gold”), China’s largest state-owned gold producing enterprise and its financial partners, have agreed to purchase the entire holding of Ivanhoe Mines Ltd (“Ivanhoe Mines”) in Jinshan. The transaction, worth CDN$217.7 million, will see China Gold acquire Ivanhoe Mines’:

 

  • Ivanhoe’s entire holding of 67,520,060 common shares of Jinshan Gold Mines, at a price of $3.1115 per share; and

  • A Jinshan promissory note of $7.5 million issued to Ivanhoe Mines, due June 26, 2010, together with accrued interest at 12% from March 31, 2008.

 

Upon closing of the transaction, the purchaser will replace Ivanhoe Mines as Jinshan’s largest shareholder with 42% of Jinshan’s issued and outstanding common shares. Ivanhoe will retain warrants to purchase up to 1.5 million common shares of Jinshan, each exercisable to purchase one Jinshan common share at $2.50 at any time up to June 26, 2009.

 

Jinshan believes the presence of China’s largest gold producer will create new opportunities for strategic associations in support of Jinshan’s ambitions to expand its asset base through global acquisition, and the ongoing consolidation and optimization of the Chinese gold industry.

 

Jinshan will continue to access global financial markets to fund growth; however, the company will now have access to potentially significant debt facilities from Chinese institutions to fund acquisitions.

 

China Gold has a mandate to optimize and develop more than 65 operating mines and advance their significant exploration and development portfolio in China to international standards. Jinshan believes that it can support this mandate through partnership with China Gold. Jinshan also believes that with support from China Gold and with new access to financial resources, that there is great potential for significant growth within China and internationally.

 

The transaction, which is subject to Chinese Government regulatory approvals and Canadian regulatory filings, is scheduled to close on May 10, 2008. Under the terms of the agreement, the board of directors of Jinshan will be increased to eight members and China Gold is planning to appoint four new members to the Jinshan board, one of which will be independent, replacing certain directors, including Ivanhoe Mines’ appointees. Sun Zhaoxue, President of China National Gold Group, will be nominated to serve as Chairman of Jinshan Gold Mines. Jay Chmelauskas will continue as Jinshan’s President and CEO.

 

We successfully entered China five years ago with the objective of becoming a significant player in the Chinese gold mining industry. This seminal relationship with China Gold validates our progress and significantly expands our platform for growth in the global gold mining industry,” said Jinshan’s president, Jay Chmelauskas.

 

Mr. Sun Zhaoxue, President of China Gold, stated that “Jinshan has a highly motivated management team, a strong asset base, and a good reputation and position in the Chinese mining sector and internationally. Jinshan will continue to be based in Canada and we have plans to build it into a leading global gold producer as we pursue growth opportunities for our group. With a track record of success in mine development and exploration, and with access to new sources of Chinese capital, we believe that Jinshan in cooperation with China Gold will have a prosperous and harmonious future.”

 

First established in 1979, China Gold is a large-scale, state-owned Chinese enterprise and is the largest producer of gold in China. China Gold is active in all facets of the gold mining industry from engineering and fabrication of heavy mining equipment for internal use and export abroad, exploration, mining, refining, and gold and silver bullion sales. With over 65 mines, China Gold produces approximately 20% of the total gold production in China and controls over 30% of the known gold reserves in China. China Gold is a council member of Shanghai Gold Exchange, the chairman member of the China Gold Association, the only Chinese member of the World Gold Council, and the only state-owned corporation authorized to forward sell gold on the world markets. In 2007, China Gold produced 78 tonnes of gold. China Gold also controls Zhongjin Gold, which in 2003 became the first publicly listed gold miner on the Shanghai Stock Exchange.

 

About Jinshan

 

Jinshan is a Canadian mining company focused on gold production in China. The company began producing gold at the CSH Mine in July 2007 and is actively advancing its portfolio of gold exploration properties in China. Jinshan’s shares are listed on the Toronto stock exchange under the symbol JIN.

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From MineWeb | contributed by feedreader - Apr 10 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

As China continues to move into the international mining sector, the latest news is that China’s state-owned China National Gold Group Corporation is to take a major stake in Jinshan Gold and use it as a vehicle for international growth in the gold sector.

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Jinshan Increases Gold Resources To 3.9 Million Ounces Measured And Indicated And 1.3 Million Ounces Inferred At Its Csh Gold Mine, China

Direct contribution | contributed by admin - Feb 14 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

VANCOUVER, CANADA - Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce results of a new National Instrument 43-101 compliant resource estimate at its CSH 217 gold mine in Inner Mongolia, China. Measured and Indicated Resources, at a 0.35 grams per tonne (g/t) cut-off grade, now total 171.3 million tonnes at 0.71 g/t gold for 3.92 million ounces of contained gold. In addition, Inferred Resources are now estimated at 1.33 million ounces of gold contained within 64.2 million tonnes grading 0.65 g/t gold at a 0.35 g/t cut-off. With the addition of the recently announced Inferred Resources at Dadiangou (see January 31, 2008 release), total gold resources at Jinshan's China projects are now 3.9 million ounces in the Measured and Indicated categories and 2.1 million ounces of gold in the Inferred category.

 

To view the entire release, click on the attached file...
http://www.jinshanmines.com/i/pdf/2008-01-31_NR.pdf

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Jinshan Announces 778,000 Ounce Gold Resource At Its Dadiangou Project, China

Direct contribution | contributed by admin - Jan 31 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

VANCOUVER, CANADA - Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce results of an initial NI 43-101 compliant independent resource estimate at its Dadiangou gold project in Gansu Province, China. An Inferred Resource of 26.3 million tonnes grading 0.92 grams per tonne (g/t) gold, totaling 778,000 ounces of contained gold, was calculated using a cut-off grade of 0.4 g/t gold. Within this global resource, a 1.9 million-tonne higher-grade core was delineated that grades 2.48 g/t gold and contains 152,000 ounces at the same 0.4 g/t cut-off.

 

The Dadiangou Project is envisioned as a potential open-pit, cyanide-leach gold operation. The main mineralized shear zone at Dadiangou, is vertical to steeply north-dipping and has been delineated for 3,170 metres in strike length, with typical widths of 50 to 60 metres over 2/3 of its strike length, but can vary from 10 to 80 metres in width. The results of this resource estimate and block model will now be used to plan exploration programs at Dadiangou for the 2008 field season. Further exploration efforts targeting additional resources at Dadiangou and possible infill drilling of the present resource will continue, and Jinshan will now begin to gather the information needed for a preliminary economic assessment.

 

To view the entire release, click on the attached file...
http://www.jinshanmines.com/i/pdf/2008-01-31_NR.pdf

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Dow Jones Article On Jinshan Gold Mines - China Now World's Largest Gold Producer; Foreign Miners At Door

Direct contribution | contributed by admin - Jan 22 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

China Now World's Largest Gold Producer; Foreign Miners At Door

By Laura Mandaro

China became the world's largest gold producer last year, helped by Canadian- and Australian-led projects that aim to add millions in ounces to the world gold supply.

China produced 276 metric tons of gold last year, equal to about 9.7 million ounces, said London precious metals consultancy GFMS Ltd. in a report released Thursday. That's up 12% from the year-ago and represented just over one-tenth of the world's supply.

The ranking pushes South Africa into second place, the first time the gold giant has lost its top ranking since 1905, GFMS said. South Africa, whose late 19th century gold rush led to the founding of mining heavyweight Anglo American PLC (AAUKD) and is home to global producers Gold Fields Ltd. (GFI) and AngloGold Ashanti Ltd. (AU), saw its production decline 8% to 272 metric tons.

One metric ton is equal to about 1.1 short tons, which is the common volume measure in the United States, or 35,274 ounces. The ranking is part of a broader report on gold supply and demand released by GFMS, which said gold is likely to hit $1,000 an ounce this year but may first correct lower.

The title of top gold producer adds to a list of raw materials China can claim to produce more than any other country, including aluminum and steel. It's not likely to lose that lead anytime soon as more foreign producers make inroads in China's untapped mining fields.

"The expectation is that [China] will almost certainly retain that position next year, and I wouldn't be surprised to see further consolidation of its lead," said William Tankard, senior analyst at GFMS.

Driving China's output higher last year was increased high-grade output by the hundreds of smaller small-scale miles responsible for much of the country's output. Their size gives them the flexibility to go after higher grade ores when prices jump, as they did last year, said Tankard.

Last year, gold prices gained about 31%, ending at $838 an ounce on the New York Mercantile Exchange,
before plowing through $900 an ounce this month. On Thursday, gold futures closed lower for a third straight day, with the February contract ending down $1.50, or 0.2%, at $880.50 an ounce.

What's more, gold producers based outside the country have been setting up camp in some of China's
sparsely populated regions. As these operations ramp up to full capacity, output in the country is likely to expand, said Tankard.

Vancouver-based Jinshan Gold Mines Inc. (JIN.T) started production in July at its Chang Shan Hao gold mine in China's northern province of Inner Mongolia, reaching 19,000 ounces of gold by Dec. 18. The mine is designed to produce about 120,000 ounces of gold per year, making it one of the country's largest producers, Jinshan says.

Gold Fields and Australia's Sino Gold Mining Ltd. (SGX.AU), meanwhile, have set up a joint venture focused on discovering large gold deposits in China with the potential to produce about 500,000 ounces a year. Sino Gold has been buying stakes in Chinese gold deposits and explorers. In May it started production at its Jinfeng mine in southern China, with planned gold production of 180,000 ounces per year.

Most of China's gold output stays in the country where it's transformed into jewelry and manufactured items, though the country's export role is increasing. Last year fabrication rose 18%, helped by demand from China's increasingly wealthy middle- and upper class.

Meanwhile, South Africa, which was producing as much as 1,000 tons of gold in 1970, has seen its mining
production decline for five straight years.

Accelerating a drop in output last year, the country's mining authorities started a crackdown on unsafe mines after 3,200 workers were trapped at Harmony Gold Mining Ltd.'s (HMY) Eldestrand mine in October.

Following an order by President Thabo Mbeki, the mining commission in the last three months started to
requiring gold mines that suffer a fatal accident to suspend operations while a safety audit takes place.

Click here to view PDF version of article

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Commercial Production At Jinshan's Csh 217 Gold Mine Expected In First Quarter 2008 New Reserve And Resource Studies Nearing Completion

Direct contribution | contributed by admin - Dec 20 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

VANCOUVER, CANADA - Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce that gold production from the CSH Gold Mine in China has reached approximately 27,000 doré ounces, or 19,000 ounces of gold to December 18, 2007. Silver makes up approximately 30% of each doré bar. In the past few weeks, production rates have improved to approximately 75% of design due to improvements to the re-generation of carbon in November. With this improvement, the company believes that commercial production will be achieved in the first quarter of 2008. The ramp up to commercial production has been occurring during the cold weather months and the mine has been performing according to design. In addition, the mine has recently received its operating environmental and safety certificates after passing various regulatory inspections.

 

To view the entire release, click on the attached file...
http://www.jinshanmines.com/i/pdf/Dec20News2.pdf

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Mine Start-Up Exceeds 10,000 Ounces Gold And Exploration Continues At The Csh Gold Mine And Dadiangou Property

Direct contribution | contributed by admin - Oct 17 - Jinshan Gold Mines Inc.
http://www.lineargoldcorp.com

VANCOUVER, CANADA -- Jinshan Gold Mines Inc. (TSX: JIN) is pleased to announce that gold production from the CSH Gold Mine in China has reached 13,926 gold doré ounces, or 10,143 ounces of gold, since the company commenced operations on July 29th. Silver makes up approximately 30% of each doré bar. All production at Jinshan's CSH gold mine is un-hedged and sold at the prevailing Shanghai Gold exchange price, which closely tracks the London Gold Fixing price. Jinshan's most recent shipment of gold was sold at a price of approximately US$749 per ounce.


With mine production now underway, Jinshan is focusing on advancing its other corporate milestones over the next several months. In particular, Jinshan has two drill programs underway and is conducting brown-field exploration work along a nine kilometre potential extension to the known mineralized zone at it CSH gold mine. In summary, the following initiatives are progressing and are expected to be completed by the end of 2007 or early in 2008.

 

To view the entire release, click on the attached file...
http://www.jinshanmines.com/i/pdf/JinshanUpdateOct07Final.pdf

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