Inner Mongolia Xingye Mining Co LtdFatal accident at key subsidiary Yinman Mining leads to halt of mining operations ordered by authorities.

A production safety accident occurred on the afternoon of July 26, 2026, at Yinman Mining, a wholly-owned subsidiary of Inner Mongolia Xingye Silver & Tin Mining, resulting in one fatality. Yinman Mining has received an on-site handling decision from the West Ujimqin Banner Emergency Management Bureau, ordering a halt to mining operations while the processing plant continues normal production. In 2025, Yinman Mining reported revenue of 3.062 billion yuan, accounting for 55.12% of the company's consolidated revenue, and net profit of 1.346 billion yuan. In the first quarter of 2026, revenue was 962 million yuan, representing 45.15% of consolidated revenue, with net profit of 475 million yuan. Currently, there are 350,000 tonnes of ore stockpiled at the mine site, sufficient to keep the processing plant running for about two and a half months. If mining operations cannot resume in the short term, it will not have a significant impact on the company's production and operations for now. The cause of the accident is still under investigation, and the company stated it will conduct a comprehensive safety self-inspection.
Inner Mongolia Xingye Mining Co LtdFatal accident at key subsidiary Yinman Mining leads to halt of mining operations ordered by authorities.
Yinman Mining ordered to halt mining operations after fatal accident.