TANAKA Develops “TRuST” Precursor for CVD/ALD Processes; Using Liquid Ruthenium Precursor to Achieve World’s Highest Vapor Pressures

TOKYO, Sep 30, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has developed a new liquid ruthenium precursor named "TRuST" for CVD[1] and ALD[2] processes. The vapor pressure of "TRuST" is more than 100 times higher as compared to that to previous liquid ruthenium (element symbol Ru) precursors[3], which is currently the world's highest vapor pressure value at room temperature as per TANAKA's internal evaluation.



"TRuST" precursor for CVD and ALD processes


Comparison of vapor pressure of precursor



During this precursor development, TANAKA Kikinzoku Kogyo focused on material design and synthesis research, while Professor Soo-Hyun Kim, Ph.D., School of Materials Science and Engineering, College of Engineering at Yeungnam University in South Korea, researched to optimize the film formation characteristics.

Technologies developed through this collaboration will help increase performance and reduce energy consumption for the semiconductor devices used in smartphones, computers, and the data centers where demand is to grow well into the future.

Precursors are metal-organic compounds used in chemical vapor deposition (CVD), atomic layer deposition (ALD) and other processes to form thin metal films or metal wiring on substrates. CVD and ALD processes enable the formation of films with superior step coverage on various types of base substrate. These are useful methods for forming films as semiconductors become increasingly miniaturized, with increased structural complexity, and narrower wires with every new generation.

TANAKA Kikinzoku Kogyo has developed a range of precious metal precursors over the years, including ruthenium precursors. This time, computer simulation and other techniques were used to achieve miniaturization and optimization of the molecular structure. This resulted in the successful development of a precious metal compound in a liquid form, with high vapor pressure, and thermal stability suited for film formation, all of which are important characteristics for precursors. As a result, this compound has the world's highest vapor pressure over 100 times higher than that of previous liquid ruthenium precursors. The higher the vapor pressure of precursors and the smaller their molecular structure, the higher the possible concentration of precursor in the film formation chamber, and the greater the adsorption density of precursor molecules on the substrate surface. Compared to previous precursors, this achieves excellent step coverage and improved film formation speed.

According to research carried out at Yeungnam University, ALD film formation at approximately 1.7 angstrom (A) per cycle is possible, which is the world's fastest of its type using liquid ruthenium precursor. Also, specific resistivity after film formation is approximately 13 microhm-cm, which is close to the value of bulk ruthenium metal (7.6 microhm-cm).

When bulk ruthenium is used for vapor deposition, with a temperature as high as 3000 degrees C. However, if it is converted into an organometallic compound of ruthenium precursor, it can be vaporized at low temperatures (between room temperature to 200 degrees C) under vacuum. As a result, the formation of high-quality ruthenium film with excellent step coverage at high productivity is expected. This has been an issue in the past because it is technically difficult to achieve all these characteristics at the same time. With the development of "TRuST" however, it is now possible.

Samples of Shipments of "TRuST" should begin shipping samples are planned to start in October 2020.

Background and TANAKA Kikinzoku Kogyo's development of precursor for CVD/ALD processes

In the past, the most common wiring materials used for semiconductors were copper, tungsten and cobalt. However, as semiconductors have evolved, there are increasing expectations for the precious metal ruthenium to promote further miniaturization of semiconductors because of its lower resistance and higher durability. With its superior characteristics, ruthenium is also being considered for use in transistor gate electrodes and DRAM capacitor electrodes.

The progress of technologies such as IoT, AI, and 5G over recent years has led to rapidly increasing volumes of digital data used in clouds, smartphones, and computers. Therefore, the need for even greater miniaturization of semiconductors is increasing to enable the creation of devices with higher performance and lower energy consumption. As a specialized manufacturer of precious metals, TANAKA Kikinzoku Kogyo will continue contributing to this evolution of semiconductors through the development of high-quality semiconductor materials.

With the support of Professor Soo-Hyun Kim, from the College of Engineering at Yeungnam University, a researcher from TANAKA Kikinzoku Kogyo will give a presentation of this technology at the "International Interconnect Technology Conference (IITC) 2020", which will be held online from October 5-8, 2020. The title of the presentation is High-growth-rate atomic layer deposition of high-quality Ru Using a Novel Ru metalorganic precursor.

[1] Chemical vapor deposition (CVD): CVD is a chemical film formation method. It is a method of forming thin metal films on the surfaces of base materials or substrates through a chemical reaction induced and accelerated by directing energy, in forms such as heat, plasma and light, at gaseous vapor material fed into a reaction chamber at pressures between atmospheric pressures to medium vacuum pressures (100-10-1 Pa).
[2] Atomic layer deposition (ALD): Both CVD and ALD are film formation methods that use chemical reactions inside reaction chambers to deposit material onto substrates through the vapor phase. The main difference between the two methods is that while CVD continually forms atomic and molecular layers, ALD forms the layers intermittently one layer at a time.
[3] Precursors: Precursors are compounds used as the raw material for forming thin metal films and metal wiring on substrates.

TANAKA Holdings Co., Ltd. (Holding company of TANAKA Precious Metals)
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918*
Capital: 500 million yen
Employees in consolidated group: 5,138 (FY2019)
Employees: 221 (March 31, 2020)
Net sales of consolidated group: JPY 1,149,604 million (FY2019)
Main businesses of the group: The holding company at the center of TANAKA Precious Metals responsible for strategic and efficient group management and management guidance to group companies.
URL: https://www.tanaka.co.jp/english/
* TANAKA Holdings adopted a holding company structure on April 1, 2010.

TANAKA Kikinzoku Kogyo K.K.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a diversified range of business activities focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. Additionally, to make further progress in globalization, TANAKA Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, TANAKA Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies that make up TANAKA Precious Metals are as follows.
– TANAKA Holdings Co., Ltd. (pure holding company)
– TANAKA Kikinzoku Kogyo K.K.
– TANAKA Denshi Kogyo K.K.
– Electroplating Engineers Of Japan, Limited
– TANAKA Kikinzoku Jewerly K.K.

Press release in PDF: http://www.acnnewswire.com/clientreports/598/20200930.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA Develops “TRuST” Precursor for CVD/ALD Processes; Using Liquid Ruthenium Precursor to Achieve World’s Highest Vapor Pressures

TOKYO, Sep 30, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has developed a new liquid ruthenium precursor named "TRuST" for CVD[1] and ALD[2] processes. The vapor pressure of "TRuST" is more than 100 times higher as compared to that to previous liquid ruthenium (element symbol Ru) precursors[3], which is currently the world's highest vapor pressure value at room temperature as per TANAKA's internal evaluation.

During this precursor development, TANAKA Kikinzoku Kogyo focused on material design and synthesis research, while Professor Soo-Hyun Kim, Ph.D., School of Materials Science and Engineering, College of Engineering at Yeungnam University in South Korea, researched to optimize the film formation characteristics.

Technologies developed through this collaboration will help increase performance and reduce energy consumption for the semiconductor devices used in smartphones, computers, and the data centers where demand is to grow well into the future.

Precursors are metal-organic compounds used in chemical vapor deposition (CVD), atomic layer deposition (ALD) and other processes to form thin metal films or metal wiring on substrates. CVD and ALD processes enable the formation of films with superior step coverage on various types of base substrate. These are useful methods for forming films as semiconductors become increasingly miniaturized, with increased structural complexity, and narrower wires with every new generation.

TANAKA Kikinzoku Kogyo has developed a range of precious metal precursors over the years, including ruthenium precursors. This time, computer simulation and other techniques were used to achieve miniaturization and optimization of the molecular structure. This resulted in the successful development of a precious metal compound in a liquid form, with high vapor pressure, and thermal stability suited for film formation, all of which are important characteristics for precursors. As a result, this compound has the world's highest vapor pressure over 100 times higher than that of previous liquid ruthenium precursors. The higher the vapor pressure of precursors and the smaller their molecular structure, the higher the possible concentration of precursor in the film formation chamber, and the greater the adsorption density of precursor molecules on the substrate surface. Compared to previous precursors, this achieves excellent step coverage and improved film formation speed.

According to research carried out at Yeungnam University, ALD film formation at approximately 1.7 angstrom (A) per cycle is possible, which is the world's fastest of its type using liquid ruthenium precursor. Also, specific resistivity after film formation is approximately 13 microhm-cm, which is close to the value of bulk ruthenium metal (7.6 microhm-cm).

When bulk ruthenium is used for vapor deposition, with a temperature as high as 3000 degrees C. However, if it is converted into an organometallic compound of ruthenium precursor, it can be vaporized at low temperatures (between room temperature to 200 degrees C) under vacuum. As a result, the formation of high-quality ruthenium film with excellent step coverage at high productivity is expected. This has been an issue in the past because it is technically difficult to achieve all these characteristics at the same time. With the development of "TRuST" however, it is now possible.

Samples of Shipments of "TRuST" should begin shipping samples are planned to start in October 2020.

Background and TANAKA Kikinzoku Kogyo's development of precursor for CVD/ALD processes

In the past, the most common wiring materials used for semiconductors were copper, tungsten and cobalt. However, as semiconductors have evolved, there are increasing expectations for the precious metal ruthenium to promote further miniaturization of semiconductors because of its lower resistance and higher durability. With its superior characteristics, ruthenium is also being considered for use in transistor gate electrodes and DRAM capacitor electrodes.

The progress of technologies such as IoT, AI, and 5G over recent years has led to rapidly increasing volumes of digital data used in clouds, smartphones, and computers. Therefore, the need for even greater miniaturization of semiconductors is increasing to enable the creation of devices with higher performance and lower energy consumption. As a specialized manufacturer of precious metals, TANAKA Kikinzoku Kogyo will continue contributing to this evolution of semiconductors through the development of high-quality semiconductor materials.

With the support of Professor Soo-Hyun Kim, from the College of Engineering at Yeungnam University, a researcher from TANAKA Kikinzoku Kogyo will give a presentation of this technology at the "International Interconnect Technology Conference (IITC) 2020", which will be held online from October 5-8, 2020. The title of the presentation is High-growth-rate atomic layer deposition of high-quality Ru Using a Novel Ru metalorganic precursor.

[1] Chemical vapor deposition (CVD): CVD is a chemical film formation method. It is a method of forming thin metal films on the surfaces of base materials or substrates through a chemical reaction induced and accelerated by directing energy, in forms such as heat, plasma and light, at gaseous vapor material fed into a reaction chamber at pressures between atmospheric pressures to medium vacuum pressures (100-10-1 Pa).
[2] Atomic layer deposition (ALD): Both CVD and ALD are film formation methods that use chemical reactions inside reaction chambers to deposit material onto substrates through the vapor phase. The main difference between the two methods is that while CVD continually forms atomic and molecular layers, ALD forms the layers intermittently one layer at a time.
[3] Precursors: Precursors are compounds used as the raw material for forming thin metal films and metal wiring on substrates.

TANAKA Holdings Co., Ltd. (Holding company of TANAKA Precious Metals)
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918*
Capital: 500 million yen
Employees in consolidated group: 5,138 (FY2019)
Employees: 221 (March 31, 2020)
Net sales of consolidated group: JPY 1,149,604 million (FY2019)
Main businesses of the group: The holding company at the center of TANAKA Precious Metals responsible for strategic and efficient group management and management guidance to group companies.
URL: https://www.tanaka.co.jp/english/
* TANAKA Holdings adopted a holding company structure on April 1, 2010.

TANAKA Kikinzoku Kogyo K.K.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a diversified range of business activities focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. Additionally, to make further progress in globalization, TANAKA Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, TANAKA Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies that make up TANAKA Precious Metals are as follows.
– TANAKA Holdings Co., Ltd. (pure holding company)
– TANAKA Kikinzoku Kogyo K.K.
– TANAKA Denshi Kogyo K.K.
– Electroplating Engineers Of Japan, Limited
– TANAKA Kikinzoku Jewerly K.K.

Press release in PDF: http://www.acnnewswire.com/clientreports/598/20200930.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Zijin Mining’s Announcement in relation to the Environmental, Social and Governance Framework and Formulation of 8 Policy Statements

HONG KONG, Sep 28, 2020 – (ACN Newswire) – In order to further enhance the environmental, social and governance ("ESG") performance of Zijin Mining Group Co., Ltd.* (hereinafter, the "Company", stock code on Shanghai Stock Exchange: 601899; stock code on The Stock Exchange of Hong Kong Limited: 2899) and promote the Company's sustainable development, the board of directors of the Company (the "Board") has decided to establish a top-down ESG framework led by the Board and practise the concept of corporate social responsibility through enhancing its management.

In order to strengthen the Board's management over ESG-related matters, the responsibilities of the Strategic Committee of the Board will include the duties of managing ESG-related matters.

An ESG Management Committee is established at the Company's level for execution and is mainly tasked with studying, formulating and executing ESG work targets and strategies, reviewing major ESG-related trends, and evaluating the relevant risks and opportunities, etc.

A number of work teams, comprising the heads of various departments with functions associated with corporate social responsibility, will be established under the ESG Management Committee. These work teams will jointly be responsible for executing the relevant policies and targets.

The Board considered and approved 8 ESG policy statements, namely Policy Statement on Protection of the Ecological Environment, Policy Statement on Human Resources Management, Policy Statement on Management of Health and Safety, Policy Statement on Business Ethics Management, Policy Statement on Supplier Management, Policy Statement on Whistleblowing Management, Policy Statement on Water Resources Management and Policy Statement on Security and Protection of Human Rights.

Please refer to the Company's announcements disclosed on Shanghai Stock Exchange website ( http://www.sse.com.cn/ ), HKEXnews website ( http://www.hkexnews.hk ) and the Company's website ( http://www.zjky.cn/ ) for detailed version of the abovementioned policies.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA Wins Award in Industry of FY2019 FCDIC Honoring System

TOKYO, Sep 10, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has won the "Award in Industry" under the FY2019 FCDIC Honoring System, which is run by the Fuel Cell Development Information Center (FCDIC). The award was given in recognition of the contribution TANAKA Kikinzoku Kogyo brought over the years to industries in the field of fuel cell catalysts.



Awards ceremony – Tomoyuki Tada, Executive Officer of TANAKA Kikinzoku Kogyo


Fuel cell catalyst



A certificate of commendation was presented at the "FY2019 FCDIC Honoring System Awards Ceremony" held on September 9th at Sola City Conference Center (Chiyoda-ku, Tokyo). Tomoyuki Tada, Executive Officer of TANAKA Kikinzoku Kogyo, attended the awards ceremony, and Koichi Matsutani of the FC Catalyst Development Center, TANAKA Kikinzoku Kogyo, gave a commemorative speech.

The FCDIC Honoring System, which comprises four awards, were established in 2016 to commemorate the company's 30th year anniversary. The Award in Industry, Award in Science, Incentive Award and Special Achievement Award are presented to organizations and individuals who make marked contributions to promote fuel cell development and manufacturing, and to advance and develop the science and technology related to fuel cells. The aim of the awards is to grant the fuel cell technology development and support the promotion of the fuel cell systems.

[Details of Prize Awarded (FY2019 FCDIC Honoring System – Award in Industry)]
– Award type: Award in Industry
– Awarded for: Contribution to industries in fuel cell catalyst field
– Recipient: TANAKA Kikinzoku Kogyo K.K.

TANAKA in the Development and Manufacture of Fuel Cell Catalysts

As a general precious metal manufacturer, TANAKA determined future potential for fuel cells as a next generation energy and started its research and development of fuel cell catalysts since the 1980s. TANAKA Kikinzoku Kogyo specializes in customizing products to respond to customers' requests. In coordination with industry and academia, TANAKA has maintained the global top share of polymer electrolyte membrane fuel cell (PFEC) in electrode catalysts for nearly 15 years. In 2019, TANAKA expanded its FC Catalyst Development Center, thereby enhanced its production capability.

As the market of fuel cells expands, the demand for lower cost and high-quality products is increasing. TANAKA is continuously engaging in developing technology such as manufacturing process and analytical technique development. Going forward, TANAKA will improve fuel cell performance and develop catalysts with reduced amount of precious metals in order to supply products that contribute to enabling a hydrogen-based society that can aid in environmental conservation.

TANAKA Holdings Co., Ltd. (Holding company of TANAKA Precious Metals)
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918*
Capital: 500 million yen
Employees in consolidated group: 5,138 (FY2019)
Employees: 221 (March 31, 2020)
Net sales of consolidated group: JPY 1,149,604 million (FY2019)
Main businesses of the group: The holding company at the center of TANAKA Precious Metals responsible for strategic and efficient group management and management guidance to group companies.
URL: https://www.tanaka.co.jp/english/
* TANAKA Holdings adopted a holding company structure on April 1, 2010.

TANAKA Kikinzoku Kogyo K.K.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

About TANAKA Precious Metals

Since its foundation in 1885, TANAKA Precious Metals has built a diversified range of business activities focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. Additionally, to make further progress in globalization, TANAKA Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, TANAKA Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies that make up TANAKA Precious Metals are as follows.
– TANAKA Holdings Co., Ltd. (pure holding company)
– TANAKA Kikinzoku Kogyo K.K.
– TANAKA Denshi Kogyo K.K.
– Electroplating Engineers Of Japan, Limited
– TANAKA Kikinzoku Jewerly K.K.

Press release in PDF: http://www.acnnewswire.com/clientreports/598/2020910.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Zijin Mining held the Sixth Science and Technology Symposium to Comprehensively Build Technology-led Global Competitiveness

HONG KONG, Sep 10, 2020 – (ACN Newswire) – On 9th September 2020, Zijin Mining convened the Sixth Science and Technology Symposium successfully. Mr. Chen Jinghe, the Chairman of Zijin Mining, put forward the science and technology manifesto of "promoting the Company's global leaping development with scientific and technological innovation as the driving force", indicating that Zijin Mining will fully establish technology-led global competitiveness.

The symposium was attended by distinguished guests, including Mr. Peng Qiming, President of China Mining Association; academicians of Mr. Zhang Wenhai, Mr. Sun Chuanyao, Mr. Qiu Guanzhou, Mr. Cai Meifeng, Mr. Mao Jingwen, Mr. Lin Jun, Mr. Chai Liyuan and Mr. Xu Zhenghe; Mr. Zhang Yongtao, Vice President of China Gold Association; Mr. Zhou Shiju, Deputy Director of the Science and Technology Department of Fujian Province; municipal and county-level officials of Mr. Zhang Guowang, Mr. Xie Haibo, Mr. Fu Cangrong and Mr. Wang Bo; as well as representatives from Guidance Center for Mineral Exploration Technology of the Ministry of Natural Resources, Department of Natural Resources of Fujian Province, Fujian Association for Science and Technology, Fuzhou University, Jimei University, Kunming University of Science and Technology, Jiangxi University of Science and Technology, research and design institutions at home and abroad as well as cooperative units. Mr. Zou Laichang, President of Zijin Mining, presided the opening ceremony of the symposium. Mr. Jiang Kaixi, chief engineer of Zijin Mining, reported on the scientific and technological work.

Technology creates and recreates Zijin Mining. For more than 20 years, Zijin Mining has sticked to scientific and technological innovation as its primary driving force, becoming one of the few multinational mining companies around the globe equipped with autonomous system technology and engineering management capabilities, with relatively well-established scientific research system and practice platform. Zijin Mining pioneered the mining project management model of "integrating five ore treatment processes into one" and realised coordinated research and full process control on five procedures of geological prospecting, mining, processing, refining and environmental protection, achieving the maximisation of economic and social benefits and promoting the continuous implementation of management and technological innovation concepts. From learning to leading, Zijin Mining has formed the core competitiveness and comparative advantages of the enterprise, which have strongly supported the rapid development of various businessess of the Company.

Mr. Chen Jinghe, the chairman, delivered a speech at the opening ceremony. He highlighted that "scientific and technological innovation creates Zijin" is a lively depiction of Zijin Mining's development history in the past 20 years. Scientific and technological innovation has become a powerful driver for the Company's high-speed development, and scientific and technological workers are the pillars forming the Company's core competitiveness.

Looking ahead to the future, Mr. Chen Jinghe pointed out that uncertainty in the current global politics and economy increases. However, position of the mining industry, which is a fundamental industry, has not changed and still remains relatively stable. Furthermore, owing to substantial rise in investment costs and costs of obtaining mineral resources, the prices of mineral resources are likely to stand firm. Zijin Mining is determined to become a tier-one metal mining company with global competitiveness, which is the glorious mission and vision of the Company. The Company must speed up the conversion of advantage in resources into advantages in products and efficacy, which is the most crucial and core task at present.

Firstly, Zijin Mining will drive for scientific and technological innovation with a global vision and new mindset. The Company will pursue scientific and technological innovation from an even higher starting point, and strive for excellence above international standards. Its project management model of "five ore treatment processes into one"will be applied and promoted more extensively. Efforts will be made to further uncover super-large deposits of significant market value, and achieve technological breakthroughs in the use of deep shafts for efficient, cost-saving and safe mining. In addition, research and application of eco-friendly processing and refining technology will be focused on to realise the goal of green and eco-friendly development in both of the Company's domestic and overseas projects.

Secondly, Zijin Mining will emphatically develop a highly fitting, globalised mechanism for operation and management which is supported by science and technology. Treating science and technology as its most important support and guidance in the pursuit for globalisation, the Company will push for deeper reforms in a steady manner. It will accelerate informatisation and intellectualisation of mines, and drive for reforms in quality and efficiency. It will also remain committed to a new path for innovation which is created by its own and bears unique Zijin characteristics, as well as attaining breakthroughs in core and critical technology in shorter timeframe. To live up to its determination of creating an open environment for scientific and technological innovation, the Company will promote exchanges and cooperation with external parties and join forces with various sectors to achieve powerful scientific and technological developments. Furthermore, in order to expeditiously build a new talent base with technical expertise, the Company will reach out globally to explore for acquisition of, or cooperation with high-tech companies that have a strong talent powerhouse.

Thirdly, Zijin Mining will formulate globalised, pragmatic talent development policies with Zijin characteristics. The Company will introduce advanced, veteran and outstanding talents in the science and technology field and young elites from around the world. Leveraging on its various projects across the world, the Company will encourage talented employees to work at the "frontline of the battlefields" to achieve mutual growth with Zijin Mining and realise their personal value. Taking value creation and market standards as the criteria for assessment, it will accelerate the formulation of a global, value-creation focused talent development strategy.

Fourthly, a global Zijin culture will be developed with full efforts. Having strong faith in its own culture, the Company will seek integration with the excellent culture of the localities where its projects operate, weave Zijin Mining's excellent corporate culture and core values deeply into the fabrics of the enterprise, insist on the core value of mutual development, and, in the course of developing its business, allow its employees the opportunities to realise their personal strength as well as benefit the countries, communities and business partners that are relevant to the Company's operations.

Mr. Zhang Guowang, Vice Secretary to the municipal Party Committee and acting mayor of Longyan City, and Mr. Zhou Shiju, Deputy Director of the Science and Technology Department of Fujian Province, delivered warm and robust speeches at the symposium. They congratulated the successful convention of the symposium, fully recognised Zijin Mining's achievements in scientific and technological innovation, and provided invaluable advice and guidance on Zijin Mining's future implementation of scientific and technological innovation strategies, as well as the importance of scientific and technological innovation in leading future development.

At the symposium, commendations were given to Zijin Mining's outstanding leaders, team members, workers and collaborators who specialise in the field of science and technology, as well as the outstanding projects and their representatives. The symposium was broadcasted worldwide online.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA Memorial Foundation to Offer Precious Metals Research Grants of up to 5 Million Yen

TOKYO, Sep 1, 2020 – (ACN Newswire) – The TANAKA Memorial Foundation (Representative Director: Hideya Okamoto) announced that it will take applications for research themes for FY2020 Precious Metals Research Grants between September 1 (Tue) and November 30 (Mon). Applications will be accepted from Japanese educational institutions and public research institutes conducting research and development using precious metals. In this 22nd year of the research grant, recipients will receive 5 million yen for the Platinum Award, 2 million yen for the Gold Award, 1 million yen for the Silver Award, 1 million yen for the Young Researcher Award, and 300,000 yen for the Encouragement Award.

Applications for the Precious Metals Research Grants are open to themes in all fields related to new technology and research and development in which precious metals can make a contribution. Applications can be submitted using the application form on the TANAKA Memorial Foundation website (https://tanaka-foundation.or.jp), and, after strict examination, award recipients will be announced at the end of March 2021.

The TANAKA Memorial Foundation aims to contribute to the development and cultivation of new fields for precious metals and to the development of science, technology, and the social economy by conducting activities that enable more people to experience a prosperous society. This program is being implemented to help support the various challenges faced in the "new world opened up by precious metals." Last year research on "precious metals recycling technology" that operates at a lower cost, is more efficient, uses less energy, and has a low-carbon footprint won a Gold Award. Another Gold Award was presented for research on a "high-sensitivity measurement system" that brought to light the organic bond structure and dynamic molecular behavior of the surface of gold.

Overview of the 2020 Precious Metals Research Grants

Theme:
– Themes that involve any of the following: new technologies to which precious metals can make a contribution, research related to precious metals that will bring innovative evolution to products, or research and development of new products using precious metals

Grant Amounts:
– Platinum Award: 5 million yen (1 award)
– Gold Award: 2 million yen (1 award)
– Silver Awards: 1 million yen (4 awards)
– Young Researcher Awards: 1 million yen (2 awards)
– Encouragement Award: 300,000 yen (several awards)
* The grant amount is treated as a scholarship donation.
* Awards may not be granted in some cases.
* The number of awards is subject to change.

Eligible Candidates:
– Personnel who belong to (or work for) educational institutions in Japan (universities, graduate schools, or technical colleges) or public and related research institutions may participate.
* As long as the applicant is affiliated with a research institution in Japan, the base of activity can be in Japan or overseas.
* The Young Researcher Awards are for researchers under the age of 37 as of April 1, 2020.

Application Period:
– 9am, September 1, 2020 (Tue) – 5pm, November 30, 2020 (Mon)

Application Method:
– Enter the required information on the application form available on the TANAKA Memorial Foundation website (https://tanaka-foundation.or.jp) and upload details of the research (papers and supplementary material on the theme).

Announcement:
– Results will be announced on the TANAKA Memorial Foundation website around the end of March 2021.
* TANAKA will contact the award recipients directly.

Conditions:
Research content that falls under any of the following
– New technology related to precious metals
– Research and development related to precious metals that bring about innovative evolution in products
– Research and development of new products using precious metals
* Precious metal refers to eight elements of platinum, gold, silver, palladium, rhodium, iridium, ruthenium and osmium.
* If development is conducted jointly (or planned to be) with other material manufacturers, please indicate so.
* Products that have already been commercialized, put to practical use, or that are planned are not eligible.

Inquiries Concerning the Research Grant Program:
Precious Metals Research Grants Office
Marketing Department, TANAKA Kikinzoku Kogyo K.K.
22F Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo 100-6422
TEL: 03-6311-5596 FAX: 03-6311-5529 E-mail: joseikin@ml.tanaka.co.jp
TANAKA Memorial Foundation website: http://tanaka-foundation.or.jp

Press release: http://www.acnnewswire.com/clientreports/598/2020901.pdf

TANAKA Memorial Foundation

Established: April 1, 2015
Address: 22F Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Hideya Okamoto (Senior Advisor to TANAKA Holdings Co., Ltd.)
Purpose of Business: To provide grants for research related to precious metals to contribute to the development and cultivation of new fields for precious metals, and to the development of science, technology, and the social economy.
Areas of Business: Provision of grants for scientific and technological research related to precious metals. Recognition of excellent analysis of precious metals and holding of seminars and other events.

TANAKA Kikinzoku Kogyo K.K.

Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

The Return of the King: Basic and Diluted EPS of Zhaojin Mining Achieved a Substantial Increase of 85.71% and Its Net Profit Reached 452 Million for the Interim Results

HONG KONG, Aug 25, 2020 – (ACN Newswire) – Zhaojin Mining Industry Company Limited ("Zhaojin Mining" or the "Company", stock code: 1818, together with its subsidiaries, the "Group"), a leading gold enterprise in the PRC, announced its interim results for the six months ended 30 June 2020 (the "period under review").

In the first half of 2020, under the impact of the spread of COVID-19, the geopolitical crisis, the substantial fluctuation in commodity prices and the monetary easing policies of various countries, adhering to the main direction of "campaign, test and opportunity", the Group solidly proceeded with the "five-optimal competition", "tackling problems" and "partner assistance" and achieved hard-won development achievements. For the period under review, the Group's revenue amounted to approximately RMB3,131,980,000, representing an increase of approximately 11.14%. The increase in revenue was primarily due to the rising of gold price during this year.as compared to the corresponding period of last year and the scientific organization of production. the increase in revenue was primarily due to the rising of gold price during this year. The net profit reached RMB456,168, representing an increase of 78.24% as compared to the corresponding period of last year and surpassing the full year net profit of RMB438,235,000 for last year. The profit attributable to owners of the parent amounted to approximately RMB412,392,000, representing an increase of approximately 72.65% as compared to the corresponding period of last year. The interim results for this year was the best for the past 8 years, only second to RMB 495,398,000 for the that in 2012. The basic and diluted earnings per share attributable to ordinary equity holders of the parent was approximately RMB0.13, representing an increase of approximately 85.71% as compared to the corresponding period of last year.

Breakout of Campaign, Test and Opportunity

Since the beginning of 2020, the epidemic has brought huge challenges to production and operation and the Group itself responded actively. Especially since the second quarter, the Group adhered to the main direction of "campaign, test and opportunity", seized the development opportunity and strived to overcome the difficulties and adopted extraordinary and super-strong measures for the challenges arising from the epidemic, and fully resumed production and achieved target production, thus proactively reversed the passive situation of the first quarter brought by the epidemic. All indicators generally showed a good momentum featured by rise after fall and general improvement, meeting three requirements of "campaign, test and opportunity". For the first half of the year, the Group's total output of gold amounted to 15,228.84 kg (approximately 489,618.20 ozs), among which 7,920.75 kg (approximately 254,657.83 ozs) of gold was mine-produced gold. Key businesses including Dayingezhuang Gold Mine and Zaozigou Gold Mine had obvious driving effects. Benefited from the sharp rise in the gold price and the improving scientific organization of production and management, the Group seized the best opportunity of the rising gold price, achieving an average gold sales price of RMB370.96/g, higher than the average price of RMB1.86/g on the Shanghai Stock Exchange, and its earnings before tax achieved RMB580 million, a year-on-year substantial increase of 78.79%.

For the period under review, adhering to double focus in the overall work for the year, the Group cumulatively invested RMB239 million in capital construction and technical innovation. The construction of key projects including the construction of mining and ore processing facilities of Ruihai Mining and the reconstruction and expansion of Caogoutou mining area were fully commenced and advanced in an orderly manner; the ore treatment plant expansion project of Fengningjinlong with a capacity of 2,000 tons/day was completed ahead of schedule and achieved target production and met standards. The financial sharing center was developed with full functions and was launched with a coverage rate of 97%. In the first half of the year, the Group accumulated investments of RMB17.6912 million in science and technology, and implemented a total of 14 key scientific research projects; and applied for 27 patents, and has been granted the licenses for 4 new invention patents and 30 utility novelty patents.

For the period under review, the Group strengthened policy research and judgment to seize the opportunities behind the epidemic, and obtained a low-interest loan of RMB500 million from China Development Bank, with an average financing cost of 2.57%, saving capital cost of RMB130 million. By striving for preferential policies such as social security reductions and exemptions, subsidies for employment stabilization, electricity charge reductions and exemptions and adopting powerful measures including fixing oil price, direct supply from manufacturers, and direct purchase of electricity, the Group saved costs in a total amount of more than RMB40 million. The Group thoroughly implemented national laws and regulations and related policies, conscientiously undertook its responsibilities in three aspects, i.e. production safety, environmental protection, and epidemic prevention and control. For the period under review, a total of RMB87 million was invested in safety and environmental protection, and 38.55 hectares of green areas were added, accomplishing the annual greening target ahead of schedule, which guaranteed the healthy development of enterprise ecology.

The H Shares "Full Circulation" is Expected to Reshape the Value of Shareholding Structure

In order to improve the share liquidity, optimize the shareholding structure, revitalize the assets, and promote the maintenance and appreciation of state-owned assets, the company made full efforts to promote the full circulation of H Share in the first half of the year, and submitted the application immediately after the China Securities Regulatory Commission fully implemented the "full circulation" policy of H shares. On June 17, 2020, the company was approved by China Securities Regulatory Commission; On August 3, the Company obtained the approval from the Hong Kong Stock Exchange for listing and permitted trading; On August 10, 1,560,340,597 domestic shares were converted into H shares and were listed on the Hong Kong Stock Exchange, marking the completion of the "full circulation" of H shares.

The smooth implementation of the "full circulation" of H shares will help optimize the company's shareholding structure, effectively attract the market attention of the company and significantly increase the market value of H shares in circulation. Besides, it will also increase the weight of the company in the international market index, and bring about incremental capital allocation. At the same time, it also effectively solves the undervaluation caused by the lack of stock liquidity, which is expected to reshape the equity value of the company and conducive to the long-term interests of the company and the interests of the overall shareholders.

The Pure Gold Company that Can Best Reflect the Gold Value

Looking ahead, EU leaders have agreed on a EUR750bn "recovery fund" and an EU budget for the next seven years. The fact that the United States is discussing a fourth economic rescue package, worth about $1 trillion, is a sign that central Banks around the world would like to adopt easing monetary policy. The uncertainty of the international relations situation has not been removed and the prospects of the US economic recovery are also unclear. The gold price still has the basis of the upward trend and will continue to maintain the upward trend in the long run.

As one of the most authoritative leading companies in the gold industry in China, the proportion of the company's gold business maintains at 80% and above and the gross profit margin of the company's gold sales maintains at above 40% all the year round, higher than the average level of the industry. The self-sufficiency rate has been maintained above 60% all year round all the time. Under the favorable environment of gold price, Zhaojin Mining will continue to seize the favorable opportunity, catch up with the market trend, seize the market opportunity, and return shareholders with more excellent performance and create greater value for all shareholders by strengthening the organization of production.

Looking into the second half of 2020, the Group will closely stick to the annual targets and missions and adhere to problem-oriented and performance-oriented. The two major campaigns, i.e. "five-optimal competition" and "tackling difficulties for achieving production and operation targets" will be further carried out throughout the Group to seize opportunities and race against time, in order to achieve progress and gain benefits. All employees will gather strength for catch-up development. In the second half of the year, the Group will seize the opportunity of a sharp rise in the gold price to further promote the expansion of production capacity of key businesses, with a view to achieving stable production and expansion and increasing benefits. At the same time, projects in terms of key capital construction and technical innovation, scientific research and innovation, and safety and environmental protection, will be sped up, striving to reach target production as soon as possible. The Group will focus on two aspects. On the one hand, it will speed up external development, broaden information channels, take the initiative and strive to achieve new breakthroughs. For the countries along the Belt and Road, the focus will be mainly on acquisition of equity interests in projects. On the other hand, it will stress geological scientific research and prospecting, continue to implement the "hope project, life-saving project, and results project", and steadily proceed with the exploration engineering of key mines to ensure prospecting results. The Group will proceed with in-depth implementation of the excellent performance management model to meet the overall requirements of "systematic management, standard work, refined process, and digital results".

About Zhaojin Mining Industry Company Limited
Zhaojin Mining Industry Company Limited is a leading gold production enterprise in the PRC. The Group is located in Zhaoyuan City in Shandong Province – the 'Gold Capital' of China, holding 10% of the country's total gold reserves and having the longest history of gold mining in the PRC. The Group is principally engaged in the exploration, mining, ore processing, smelting and sale of gold products, and is the largest gold smelting enterprise in the PRC. The principal products of the Group include the standard Au9999 and Au9995 gold bullion of the Shanghai Gold Exchange. In addition, Zhaojin Mining also owns various gold mines throughout the northern, northwestern, southwestern areas, etc. of China. With its abundant gold resources, advanced technology and strong experience in gold product management, Zhaojin Mining should lead the Group to establish a leading position in the industry.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Benchmark’s $48 Million Financing Will Extend Its 2020 Drill Campaign up to 100,000m and Fund a 2021 Campaign of up to 200,000m

Edmonton, Alberta, Aug 24, 2020 – (ACN Newswire) – Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to provide guidance on its increased financing to $48 million announced on August 19th, 2020. Funding will extend and expand the 2020 drill program up to 100,000 metres and prepare for a resource estimate and Preliminary Economic Assessment (PEA) early in 2021. In addition, the funding provides capital to build toward a feasibility study during 2021 at Benchmark's flagship Lawyers gold-silver project, which is located in a road-accessible area of the Golden Horseshoe in north-central British Columbia, Canada.

John Williamson, CEO, commented, "The keen interest and capital support from key institutional investors establishes Benchmark's Lawyers gold-silver project as one of Canada's leading exploration stories and illustrates its potential to deliver a quality mining asset. To that end, the Company will plan and execute systematic work programs over the next two years to go beyond the PEA towards a Feasibility study".

The financing will allow the Company to accelerate the Lawyers gold-silver project with a seamless schedule that reduces the inherent stop and start times of seasonal financings and work periods. The Company can now deliver results and achieve significant milestone events over the next 24 months with greater certainty. The funding allows for immediate planning towards a Feasibility Study in 2022, which will require large scope and scale drilling, engineering, permitting and baseline environmental work to generate detailed engineering and economic studies in order to develop and support a mining scenario.

Key use of proceeds and milestones include:

Infrastructure – installation of facilities for year-round work programs that provides drilling and news updates reported over a full 12-month calendar year;
– 2020 – up to 100,000 metres of drilling towards the new Mineral Resource Estimate;
– 2021, Q1 – Mineral Resource Estimate;
– 2021, Q2 – Preliminary Economic Study (PEA);
– 2021 – up to 200,000 metres of drilling, converting Inferred to Measured resources;
– 2022 – updated Mineral Resource Estimate and Feasibility Study.

About Benchmark Metals

Benchmark Metals Inc. is a Canadian mineral exploration company focused on proving and developing the substantial resource potential of the Lawyer's Gold-Silver Project, located in the prolific Golden Horseshoe of north-central British Columbia, Canada. The Company trades on the TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.

Benchmark is part of the Metals Group of companies, managed by an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to identify and capitalize on investment opportunities and deliver shareholder returns. www.metalsgroup.com

ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Williamson"
John Williamson, Chief Executive Officer

For further information, please contact:
Jim Greig
Email: jimg@BNCHmetals.com
Telephone: +1 604 260 6977

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62376

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Jaguar Mining Reports Second Quarter 2020 Financial Results

TORONTO, ON / ACCESSWIRE, Aug 7, 2020 – (ACN Newswire) – Jaguar Mining Inc. ("Jaguar" or the "Company") (TSX:JAG) today announced financial and operating results for the three months ("Q2 2020") and six months ended June 30, 2020. All figures are in US Dollars, unless otherwise expressed.







Q2 2020 Operating Summary

– Consolidated gold production increased 43% with 23,483 ounces produced (208,000 tonnes milled, average grade of 4.00 g/t) in Q2 2020 compared to 16,365 ounces produced in Q1 2019 and 28% compared to 18,366 ounces produced in Q2 2019.
– Pilar mine gold production increased 17% with 13,452 ounces produced compared to 11,521 ounces produced in Q1 2020 and increased 28% compared to 10,543 ounces produced in Q2 2019.
– Turmalina mine gold production of increased 6% with 10,031 ounces produced compared to 9,487 ounces produced in Q1 2020 and increased 28% compared to 7,823 ounces produced in Q2 2019.
– Primary development increased 30% to 1,707 meters compared to 1,310 meters completed in Q2 2019.
– Sustaining capital expenditures of $6.1 million invested in mining equipment and development.

Q2 2020 Financial Results Summary

– Gross profit increased 312% to $23.9 million compared to $5.8 million in Q2 2019.
— Increased profitability in Q2 2020 reflects higher operating production quarter-over-quarter, and also an increase in the average realized gold price of $1,703/oz in Q2 2020 compared to $1,286/oz for Q2 2019.
– Consolidated Cash operating costs ("COC") decreased 25% to $586 per ounce of gold sold for Q2 2020, compared to $786 during Q2 2019.
– Consolidated all-in sustaining costs ("AISC") decreased 35% to $882 per ounce of gold sold in Q2 2020, compared to $1,366 during Q2 2019.
— Decrease in costs is mainly due to increase in production, higher head-grade and devaluation of the BRL currency.
– Operating cash flow of $27.5 million; adjusted EBITDA of $27.2 million.
– Net income of $19.2 million, or net income per share of $0.03.
– Free cash flow was $21.4 million for Q2 2020 based on operating cash flow, less sustaining capital, compared to negative $0.9 million in Q2 2019. The free cash flow for the quarter includes approximately $3.2M of sales proceeds from Q1 2020 which was received in Q2 2020.
— Free cash flow was $858 per ounce sold in Q2 2020 compared to negative $47 per ounce sold in Q2 2019.
– Strong treasury as of June 30, 2020, with cash of $30.2 million compared to cash of $12.1 million on March 31, 2020, demonstrating significant generation of pre-tax free cash flow.

Vern Baker, President and CEO of Jaguar Mining stated: "These strong second quarter results reflect our steady progression to reach our sustainable goal of 25,000 ounces per quarter. The financials reflect both improving production performance and strong tailwinds in the form of a weaker Brazilian Real and improving prices for gold. We are pleased to report that this is now our fifth quarter in a row with increasing ounce production. All the members of our Brazilian team of miners have demonstrated a commitment to moving our company through this current COVID-19 crisis and building a sustainable organization.

COVID-19 remains our key risk in terms of maintaining momentum. Cases in Brazil have been on the increase and our team has now reported its first few cases with our people. However, the team has remained calm and focused, and people who have confirmed positive with the virus, have now returned to work after appropriate quarantining. All our people are working to manage our way through the COVID-19 issue, and we have developed plans to deal with various potential scenarios as the situation continues to unfold.

Vern added, "We are pleased to report that Pilar Gold Mine reached a new production record for the quarter with 13,452 ounces produced. Turmalina Gold Mine production continues to improve, and this quarter reported a 6% increase from the prior quarter with 10,031 ounces produced, and development rates at Turmalina are sufficient to augment production in the second half of the year.

Jaguar enters the second half of the year with a very strong balance sheet, a sustainable production platform, excellent exploration opportunities, an impressive position in the Iron Quadrangle; both in hectares and in available infrastructure, and an outstanding cash flow position. With this strong performance, our supportive board have approved additional expenditures in 2020 for exploration and project evaluation."

Q2 2020 Financial Results
Table 1: https://pr.report/j4AyQ9v2
Table 2: https://pr.report/OSPNrpw7

Cash Position and Use of Funds

– Strong treasury as of June 30, 2020, with cash of $30.2 million compared to cash of $12.1 million on March 31, 2020. Brazilian Bank debt of $1 million was also paid down and $0.7 million of common shares were bought back through the Normal Course Issuer Bid program.
– As at June 30, 2020, working capital was $25.8 million, compared to $9.4 million as at December 31, 2019, which includes $3.5 million in loans from Brazilian banks, which mature every six months and are expected to be rolled forward.

Qualified Persons

Scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, BSc (Hons) (Economic Geology – UCT), Senior Expert Advisor Geology and Exploration to the Jaguar Mining Management Committee, who is also an employee of Jaguar Mining Inc., and is a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

The Iron Quadrangle

The Iron Quadrangle has been an area of mineral exploration dating back to the 16th century. The discovery in 1699-1701 of gold contaminated with iron and platinum-group metals in the southeastern corner of the Iron Quadrangle gave rise to the name of the town Ouro Preto (Black Gold). The Iron Quadrangle contains world-class multi-million-ounce gold deposits such as Morro Velho, Cuiaba, and Sao Bento. Jaguar holds the second largest gold land position in the Iron Quadrangle with just over 25,000 hectares.

About Jaguar Mining Inc.

Jaguar Mining Inc. is a Canadian-listed junior gold mining, development, and exploration company operating in Brazil with three gold mining complexes and a large land package with significant upside exploration potential from mineral claims covering an area of approximately 64,000 hectares. The Company's principal operating assets are located in the Iron Quadrangle, a prolific greenstone belt in the state of Minas Gerais and include the Turmalina Gold Mine Complex and Caete Mining Complex (Pilar and Roca Grande Mines, and Caete Plant). The Company also owns the Paciencia Gold Mine Complex, which has been on care and maintenance since 2012. The Roca Grande Mine has been on temporary care and maintenance since April 2019. Additional information is available on the Company's website at www.jaguarmining.com.

For further information please contact:

Vernon Baker
Chief Executive Officer
Jaguar Mining Inc.
vernon.baker@jaguarmining.com
416-847-1854

Hashim Ahmed
Chief Financial Officer
Jaguar Mining Inc.
hashim.ahmed@jaguarmining.com
416-847-1854

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking statements and information are provided for the purpose of providing information about management's expectations and plans relating to the future. All of the forward-looking information made in this news release is qualified by the cautionary statements below and those made in our other filings with the securities regulators in Canada. Forward-looking information contained in forward-looking statements can be identified by the use of words such as "are expected," "is forecast," "is targeted," "approximately," "plans," "anticipates," "projects," "anticipates," "continue," "estimate," "believe" or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would," "might," or "will" be taken, occur or be achieved. All statements, other than statements of historical fact, may be considered to be or include forward-looking information. This news release contains forward-looking information regarding, among other things, expected sales, production statistics, ore grades, tonnes milled, recovery rates, cash operating costs, definition/delineation drilling, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of projects and new deposits, success of exploration, development and mining activities, currency fluctuations, capital requirements, project studies, mine life extensions, restarting suspended or disrupted operations, continuous improvement initiatives, and resolution of pending litigation. The Company has made numerous assumptions with respect to forward-looking information contained herein, including, among other things, assumptions about the estimated timeline for the development of its mineral properties; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; market competition; ongoing relations with employees and impacted communities; political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations including, without limitation, the impact of any potential power rationing, tailings facility regulation, exploration and mine operating licenses and permits being obtained and renewed and/or there being adverse amendments to mining or other laws in Brazil and any changes to general business and economic conditions. Forward-looking information involves a number of known and unknown risks and uncertainties, including among others: the risk of Jaguar not meeting the forecast plans regarding its operations and financial performance; uncertainties with respect to the price of gold, labour disruptions, mechanical failures, increase in costs, environmental compliance and change in environmental legislation and regulation, weather delays and increased costs or production delays due to natural disasters, power disruptions, procurement and delivery of parts and supplies to the operations; uncertainties inherent to capital markets in general (including the sometimes volatile valuation of securities and an uncertain ability to raise new capital) and other risks inherent to the gold exploration, development and production industry, which, if incorrect, may cause actual results to differ materially from those anticipated by the Company and described herein. In addition, there are risks and hazards associated with the business of gold exploration, development, mining and production, including environmental hazards, tailings dam failures, industrial accidents and workplace safety problems, unusual or unexpected geological formations, pressures, cave-ins, flooding, chemical spills, procurement fraud and gold bullion thefts and losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Accordingly, readers should not place undue reliance on forward-looking information.

For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company's most recent Annual Information Form and Management's Discussion and Analysis, as well as other public disclosure documents that can be accessed under the issuer profile of "Jaguar Mining Inc." on SEDAR at www.sedar.com. The forward-looking information set forth herein reflects the Company's reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

Non-IFRS Measures

This news release provides certain financial measures that do not have a standardized meaning prescribed by IFRS. Readers are cautioned to review the below stated footnotes where the Company expands on its use of non-IFRS measures.

1. Cash operating costs and cash operating cost per ounce are non-IFRS measures. In the gold mining industry, cash operating costs and cash operating costs per ounce are common performance measures but do not have any standardized meaning. Cash operating costs are derived from amounts included in the Consolidated Statements of Comprehensive Income (Loss) and include mine-site operating costs such as mining, processing and administration, as well as royalty expenses, but exclude depreciation, depletion, share-based payment expenses, and reclamation costs. Cash operating costs per ounce are based on ounces produced and are calculated by dividing cash operating costs by commercial gold ounces produced; US$ cash operating costs per ounce produced are derived from the cash operating costs per ounce produced translated using the average Brazilian Central Bank R$/US$ exchange rate. The Company discloses cash operating costs and cash operating costs per ounce, as it believes those measures provide valuable assistance to investors and analysts in evaluating the Company's operational performance and ability to generate cash flow. The most directly comparable measure prepared in accordance with IFRS is total production costs. A reconciliation of cash operating costs per ounce to total production costs for the most recent reporting period, the quarter ended June 30, 2020, is set out in the Company's second quarter 2020 Management Discussion and Analysis (MD&A) filed on SEDAR at www.sedar.com.

2. All-in sustaining cost is a non-IFRS measure. This measure is intended to assist readers in evaluating the total costs of producing gold from current operations. While there is no standardized meaning across the industry for this measure, except for non-cash items the Company's definition conforms to the all-in sustaining cost definition as set out by the World Gold Council in its guidance note dated June 27, 2013. The Company defines all-in sustaining cost as the sum of production costs, sustaining capital (capital required to maintain current operations at existing levels), corporate general and administrative expenses, and in-mine exploration expenses. All-in sustaining cost excludes growth capital, reclamation cost accretion related to current operations, interest and other financing costs, and taxes. A reconciliation of all-in sustaining cost to total production costs for the most recent reporting period, the quarter ended June 30, 2020, is set out in the Company's second quarter 2020 MD&A filed on SEDAR at www.sedar.com.

SOURCE: Jaguar Mining Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA Selected in Ministry of Economy, Trade, and Industry’s 2020 Global Niche Top Companies

TOKYO, Aug 5, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has been selected and awarded by Japan's Ministry of Economy, Trade, and Industry (METI) as one of its "Global Niche Top Companies Selection 100" (GNT Companies Selection 100) and has just received the certification.



Global Niche Top Companies Selection 100 certificate


Fuel cell catalysts



Companies selected in the GNT Companies Selection 100 are being recognized by METI for excelling in niche sectors of global markets or for being outstanding companies with businesses focused on parts or materials with increasing importance for supply chain in a changing international landscape. On June 30, 2020, METI announced the selection of 113 companies for its 2020 GNT Companies Selection 100. TANAKA Kikinzoku Kogyo was recognized and awarded a certificate in the materials and chemistry category for its catalyst products for fuel cells.

Development and Manufacture of Fuel Cell Catalysts by TANAKA Kikinzoku Kogyo

Electrode catalysts for fuel cells are materials that promote chemical reactions within fuel cells to turn hydrogen into water and electricity. Vehicles equipped with fuel cells (FCVs) are much more energy-efficient than vehicles that use energy from the combustion of gasoline or other fuels. Because there are no greenhouse gases (GHGs), such as carbon dioxide, emitted during use, FCVs are expected to provide benefits from the perspective of environmental conservation in particular. As a comprehensive manufacturer of precious metals, TANAKA Kikinzoku Kogyo was an early developer of electrode catalysts that use platinum, with the belief that they can make a significant contribution to the fuel cell industry.

TANAKA Kikinzoku Kogyo specializes in customization to meet the needs of its customers. In collaboration with industry and academia, it has also maintained, for about 15 years, the leading share of the global market for electrode catalysts for polymer electrolyte membrane fuel cells (PEFCs). In 2019, it expanded capacity at its FC Catalyst Development Center and enhanced production capabilities. As a result, it has built a system that will rapidly respond with stable supplies to increases in demand for electrode catalysts as the fuel cell market grows.

With the use of fuel cells becoming more widespread, demand for cost reductions and improved quality are also increasing, so TANAKA Kikinzoku Kogyo is continuing to develop related technologies, including the development of manufacturing processes and analysis technologies. Going forward, the company will continue to develop catalysts that improve the performance of fuel cells and reduce the use of precious metals in order to deliver products that contribute to a hydrogen society and help conserve the environment.

Reference: METI press release for the 2020 Global Niche Top Companies Selection 100
https://www.meti.go.jp/press/2020/06/20200630002/20200630002.html

TANAKA Holdings Co., Ltd. (Holding company of TANAKA Precious Metals)
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918*
Capital: 500 million yen
Employees in consolidated group: 5,138 (FY2019)
Employees: 221 (March 31, 2020)
Net sales of consolidated group: JPY 1,149,604 million (FY2019)
Main businesses of the group: The holding company at the center of TANAKA Precious Metals responsible for strategic and efficient group management and management guidance to group companies.
URL: https://www.tanaka.co.jp/english/
* TANAKA Holdings adopted a holding company structure on April 1, 2010.

TANAKA Kikinzoku Kogyo K.K.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,393 (including overseas subsidiaries) (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

About TANAKA Precious Metals
Since its foundation in 1885, TANAKA Precious Metals has built a diversified range of business activities focused on precious metals. TANAKA is a leader in Japan regarding the volumes of precious metals handled. Over the course of many years, TANAKA has not only manufactured and sold precious metal products for industry but also provided precious metals in such forms as jewelry and resources. As precious metals specialists, all Group companies within and outside Japan work together with unified cooperation between manufacturing, sales, and technological aspects to offer products and services. Additionally, to make further progress in globalization, TANAKA Kikinzoku Kogyo welcomed Metalor Technologies International SA as a member of the Group in 2016.

As precious metal professionals, TANAKA Precious Metals will continue to contribute to the development of an enriching and prosperous society.

The five core companies that make up TANAKA Precious Metals are as follows.
— TANAKA Holdings Co., Ltd. (pure holding company)
— TANAKA Kikinzoku Kogyo K.K.
— TANAKA Denshi Kogyo K.K.
— Electroplating Engineers Of Japan, Limited
— TANAKA Kikinzoku Jewerly K.K.

Press release in PDF: http://www.acnnewswire.com/clientreports/598/200805_EN.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

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