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 | 4.66 |
| Measured / Indicated Resource(1) | 8.2 |
| Copper Reserve / Resource | |
|---|---|
| Jiama's Copper | Contained Copper (Billion Pounds / Thousand Tonnes) |
| Proven / Probable Reserve | 5.79 / 2,628 |
| Measured / Indicated Resource (1) | 13.30 / 6,035 |
(1) Inclusive of Mineral Reserves
Steady Increase of Production
CSH&JIAMA COMBINED GOLD PRODUCTION (Koz)
JIAMA COPPER PRODUCTION
(MM lbs)
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$1.1 billion bond
- BROAD INVESTOR REACH IN NORTH AMERICA AND ASIA-Dual listed in TSX and HKEX, eligible trading under the Shenzhen-Hong Kong Stock Connect
- HIGH STANDARD OF CSR AND HSE
Support from Major Shareholder
CGG leverages the technology, engineering, operating, government relationships, financing capabilities and international project pipeline of China National Gold.
Major Shareholders
As of February 26, 2019
2018 Q3 Financial Overview
| Q3 Endd Sep 30, 2018 |
Q3 Ended Sep 30, 2017 |
2017 Year End |
|
| Revenues (MM USD$) | $158.84 | $98.54 | $411.9 |
| Mine operating earning (MM US$) | $35.10 | $26.98 | $116.8 |
| Net Profit (MM US$) | ($4.59) | $17.41 | $64.3 |
| Net Operating Cash Flow (MM US$) | $53.56 | $54.81 | $98.55 |
| Earning per share (US$) | (1.23) cents | 4.33 cents | 15.93 cents |
| Cash Costs – CSH (US$/oz) | $805 | $657 | $670 |
| Cash Costs – Jiama (after by-product credit) (US$/lb) | 1.11 | 0.99 | 0.94 |
| Gold produced by CSH (oz) | 33,468 | 46,621 | 186,957 |
| Copper produced by Jiama (Mlbs) | 36.41 | 14.20 | 79.02 |
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
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
