TSX:
CGG
HKSE:
2099
last:
1.09 (+0.00)
last:
6.33 (+0.08)
vol:
130,270
vol:
404,000

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 the largest gold producer in China and 39% shareholder, China National Gold (CNG).

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

 
Proven / Probable Reserve 4.04
Measured / Indicated Resource(1) 7.72
Copper Reserve / Resource
Jiama's Copper Contained Copper (Billion Pounds / Thousand Tonnes)
Proven / Probable Reserve 5.63 / 2,554
Measured / Indicated Resource (1) 13.14 / 5,961

(1) Inclusive of Mineral Reserves

 
Steady Increase of Production

CSH&JIAMA COMBINED GOLD PRODUCTION (Koz)

Steady Increase of Production

JIAMA COPPER PRODUCTION
(MM lbs)

Steady Increase of 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 CSR AND 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.

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Major Shareholders

As of May 15, 2019

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2018 Annual Financial Performance

 

Year Ended
Dec 31, 2018

Year Ended
Dec 31, 2017

Revenues (MM USD$) $570.6 $411.9
Mine operating earning (MM US$) $110.7 $116.8
Net Profit  (MM US$) ($4.2) $64.3
Net Operating Cash Flow (MM US$) $154.9 $98.55
Earning per share (US$) (1.22) cents 15.93 cents
Cash Costs – CSH (US$/oz) $750 $670
Cash Costs – Jiama (after by-product credit) (US$/lb) $1.36 $0.94
Gold produced by CSH (oz) 144,896 186,957
Copper produced by Jiama (MM lbs) 121.3 79.02

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THE CSH GOLD MINE

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

  • A conventional open-pit, heap-leach, gold-mining operation
  • Mining 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
  • H2, 2014 - Expansion finished, commercial production begins.

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 in China – Tibet

  • An open-pit and underground mining operation
  • Mining 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
  • Infill drilling program completed in 2012 to upgrade resources confidence and help further optimize mine design and reserves
  • Expected life of mine: 35 years
  • Commercial production began in September 2010
  • Phase I operation successfully completed
    • 6,000 tpd processing capacity
  • Phase II expansion started commercial production on July 1, 2018.
    • The full design capacity of ore processing at Jiama Mine will increase to 50,000 tpd from the previous capacity of 28,000 tpd once Series II reaches full design capacity.

Click here for more about The Jiama Copper-Gold Polymetallic Mine

 

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