CGG:CC - China Gold International Resources Announces CSH Gold Mine Operations are Back to Normal
(TheNewswire)
VANCOUVER, BC – TheNewswire --January 4 , 2024 - China GoldInternational Resources Corp. Ltd. (TSX:CGG; HKEx:2099)(“ China GoldInternational ” or the “ Company ”) is pleased to announce that theoverall operations at its CSH G old M ine(“ CSH M ine ”) have returned to fullprodu ction effective January 3, 2024.
On November 1 5 , 2023, the Company reported that CSHMine reduced the mining rate at the end of the third quarter and inthe fourth quarter in order to enhance the management and maintenanceof open pit slopes. The works on slope maintenance have been completedand the mining activities, including mining, hauling, crushing andheaping, have been returned to their normal operating level. Theresumption of full mining activities at CSH Mine has laid a solidfoundation for enhancing the Company's financial and productionperformance in 2024.
The development of CSH Mine’s underground resourcesis on schedule and has made significant progress, and the Companycontinues to advance a feasibility study for a possible undergroundextension of the CSH Mine.
About China GoldInternational Resources
China Gold International Resources is a gold and basemetal mining company incorporated in BC, Canada and operates twomines, the CSH Gold Mine in Inner Mongolia, China and the JiamaCopper-Gold Polymetallic Mine in Tibet, China. The Company’sobjective is to build shareholder value through growing production atits current mining operations, expanding its resource base, andacquiring and developing new projects internationally. The Company islisted on the Toronto Stock Exchange (TSX: CGG) and the Main Board ofThe Stock Exchange of Hong Kong Limited (HKEx: 2099).
For further information on the Company, please refer toSEDAR’s website at www.sedar.com, The Stock Exchange of Hong KongLimited’s website at www.hkex.com.hk, the Company's website atwww.chinagoldintl.com, or call the Company at +1-604-609-0598 andemail to info@chinagoldintl.com.
Cautionary NoteAbout Forward-Looking Statements
Certain information regarding ChinaGold International Resources contained herein may constituteforward-looking statements within the meaning of applicable securitieslaws. Forward-looking statements may include estimates, plans,expectations, opinions, forecasts, projections, guidance or otherstatements that are not statements of fact. Although China GoldInternational Resources believes that the expectations reflected insuch forward-looking statements are reasonable, it can give noassurance that such expectations will prove to have been correct.China Gold International Resources cautions that actual performancewill be affected by a number of factors, most of which are beyond itscontrol, and that future events and results may vary substantiallyfrom what China Gold International Resources currently foresees.Factors that could cause actual results to differ materially fromthose in forward-looking statements include market prices,exploitation and exploration results, continued availability ofcapital and financing and general economic, market or businessconditions. The forward-looking statements are expressly qualified intheir entirety by this cautionary statement. The information containedherein is stated as of the current date and subject to change afterthat date.
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