Company Overview
China Gold International is a gold and base metal mining company registered in British Columbia, Canada. The Company’s main business involves the operation, acquisition, development and exploration of gold and base metal properties.
The Company’s principal mining operations are the Chang Shan Hao Gold Mine (“CSH Mine” or “CSH”), located in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine (“Jiama Mine” or “Jiama”), located in Tibet, China. China Gold International holds a 96.5% interest in the CSH Mine, while its Chinese joint venture (“CJV”) partner holds the remaining 3.5% interest. The Company owns a 100% interest in the Jiama Mine, which hosts a large scale copper-gold polymetallic deposit containing copper, gold, molybdenum, silver, lead and zinc metals. China Gold International began its trial gold production at the CSH Gold Mine in July 2007 and commercial production commenced on July 1, 2008. The Jiama Mine commenced the commercial production of phase I and phase II in September 2010 and July 2018 respectively.
The Company is working to expand resources and reserves at its existing properties through exploration programs. The Company also has adopted a growth strategy focused on strategic acquisitions sourced from the international project pipeline of its principal shareholder China National Gold Group Co., Ltd. (formerly known as China National Gold Group Corporation) (“China National Gold”) and developing potential partnerships with other senior and junior mining companies.
Jiama Mine
CSH Mine
(1) As of December 31, 2024 under NI 43-101
Production Overview
CSH&JIAMA COMBINED GOLD PRODUCTION (Koz)
JIAMA COPPER PRODUCTION
(MM lbs)
HIGHLIGHTS
DIVERSIFIED ASSET BASE
- 2 large-scale, stable gold and copper mines, with total gold resources exceeding 11 million ounces (340 metric tons) and total copper resources of approximately 6.9 million metric tons
GROWING POTENTIAL + EXPLORATION
- The Jiama Mine is current processing capacity 34k tpd, will increase to 50k tpd in 2027 with new tailing pond. There are two additional large exploration area with tremendous potentials
ATTRACTIVE VALUE
- Low P/E ratio compared to peers at 10
- Low Cost Miner CSH’s AISC for Dec 31, 2024 is US$1,148.
- Buy Recommendation from 7 of 9 Analysts currently covering CGG
STRONG FINANCIAL POSITION
- Investment grade balance sheet – cash $229M USD
- Attractive dividend, Last three special dividend were 6% or $0.37 US/share
STRONG MAJOR SHAREHOLDER + ESG
- 40.01% owned by China National Gold – leading gold miner in China
- ESG targets achieved
TOP 10 SHAREHOLDING SECURITIES FIRMS
As of November 2025
FINANCIAL PERFORMANCE
| * | Year ended December 31, | ||||
| 2025 | 2024 | 2023 | 2022 | 2021 | |
| US$ Millions except for per share | |||||
| Total revenue | 1,310 | 757 | 459 | 1,105 | 1,137 |
| Income from operations | 590 | 123 | 32 | 317 | 333 |
| Net profit (loss) | 472 | 65 | (23) | 225 | 269 |
| Basic earnings (loss) per share (cents) | 117.80 | 15.82 | (6.43) | 56.19 | 67.44 |
| Diluted earnings (loss) per share (cents) | N/A | N/A | N/A | N/A | N/A |
| Total assets | 3,357 | 2,936 | 2,835 | 3,195 | 3,257 |
| Total non-current liabilities | 555 | 809 | 802 | 653 | 1,080 |
*Prepared under IFRS
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: 40,000 tpd
- Gold output (2025): 177,225 ounces
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 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: 34,000 tpd
- Copper production(2025): 156.3 million pounds (approximately 70,883 tonnes)
Click here for more about The Jiama Copper-Gold Polymetallic Mine
