TSX:
CGG
HKSE:
2099
last:
1.91 (-0.02)
last:
11.7 (+0.08)
vol:
81,905
vol:
1,445,782

Company Overview

China Gold International Resources Corp. Ltd. (TSX:CGG – HKEx:2099) is a Canadian based, profitable and growing gold and copper producer. The company operates two producing mines in China: the CSH Gold Mine in Inner Mongolia Region, and the Jiama Copper-Polymetallic Mine in Tibet Region. CGG is the flagship and the only overseas listing vehicle of China National Gold (CNG), which holds a 39.3% interest in the company.

Combined Gold Reserve / Resource
CSH and Jiama Gold Contained Gold
(M oz)

 
Proven / Probable Reserve 3.7
Measured / Indicated Resource(1) 7.37
Copper Reserve / Resource
Jiama's Copper Contained Copper (Billion Pounds / Thousand Tonnes)
Proven / Probable Reserve 5.40 / 2447.4
Measured / Indicated Resource (1) 12.95 / 5873.5

(1) Inclusive of Mineral Reserves

 
Steady Increase of Production

CSH&JIAMA COMBINED GOLD PRODUCTION (Koz)

Combined Gold Production

JIAMA COPPER PRODUCTION
(MM lbs)

Jiama Copper Production

Highlights

  • SOLID STRATEGIC INVESTOR BACKING-Strong support from controlling shareholder: China National Gold Group
  • SUSTAINABLE GROWTH-11th year of increasing production
  • Huge exploration potential providing significant resources and reserve upside
  • INVESTMENT GRADE CREDIT RATING-August 2017: S&P reaffirmed the company’s BBB- long-term corporate credit rating
  • ABILITY TO RAISE SIZABLE FINANCING AT LOW COST-2015-2017: Combined issued over US$1.1 billion bond
  • BROAD INVESTOR REACH IN NORTH AMERICA AND ASIA-Dual listed in TSX and HKEX, eligible trading under the Shenzhen-Hong Kong Stock Connect
  • HIGH STANDARD OF Corporate social responsibility (CSR) AND Health, Safety & Environment (HSE)

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Support from Major Shareholder

CGG leverages the technology, engineering, operating, government relationships, financing capabilities and international project pipeline of China National Gold.

Support from Major Shareholder

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Major Shareholders

As of May 11, 2020

Major Shareholders

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2019 Annual and 2020 Q1 Financial Performance

  Q1 Ended
Mar 31, 2020
Q1 Ended
Mar 31, 2019
Year Ended
Dec 31, 2019
Revenues (MM USD$) $148.6 $145.6 $657.5
Mine operating earning (MM US$) $18.17 $15.27 $64.2
Net Profit (MM US$) ($8.7) ($4.6) ($32.2)
Net Operating Cash Flow (MM US$) $16.02 $6.98 $158.31
Cash Costs – CSH (US$/oz) $995 $909 $862
Cash Costs – Jiama (after by-product credit) (US$/lb) $0.99 $1.56 $1.63
Gold produced by CSH (oz) 35,297 28,626 146,805
Copper produced by Jiama (MM lbs) 35.68 32.70 137.86

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The CSH Gold Mine

One of the Largest Open Pit Gold Mines located in Inner Mongolia, China

  • A conventional open-pit, heap-leach, gold-mining operation
  • A large, bulk-tonnage, low-grade gold deposit
  • Principle product: Gold dore bars with silver by-product
  • Well-established basic infrastructure with excellent access to road and sufficient supplies of power, water and local labor force
  • Processing capacity: 30,000 tpd
  • Gold output(2019): 146,805 oz

Click here for more about The CSH Gold Mine

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The Jiama Copper-Gold Polymetallic Mine

One of the Largest Cu-Mo-Au-Ag-Pb-Zn Mining Operations located in Tibet, China

  • With open-pit and underground mining operations
  • A large, skarn-type mineralization dominated porphyry copper polymetallic deposit with well-developed hornfels-type mineralization located in the Gangdise Copper Metallogeny Belt
  • Principle product: Copper with gold and silver by-product credits
  • Infill drilling program completed in 2012 to upgrade resources confidence level and to optimize mine design and reserves
  • Expected life of mine: 35 years
  • Commercial production began in September 2010
  • Mineral processing capacity: 50,000 tpd
Click here for more about The Jiama Copper-Gold Polymetallic Mine

 

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