CGG:CC - China Gold International Resources Reports 2025 Second Quarter and First Half Results - Record High Quarterly Net Profit
(TheNewswire)
VA NCOU VE R, August 14 , 202 5 – TheNewswire - C h i n a G o l d I n t e rn a ti o na l R es o u r c es C o rp . L t d . ( T S X : C G G;H KE X : 2099 ) (“ C h i n a G o ld I n t e r na t i ona l R es o u r c e s ” o r t h e “ C o m p a n y ” ) report s financialand operational results for the three months (“ Q2 ” or“ second quarter ”) and six months (“ first half ” or “ sixmonths ”) ended June 30, 202 5 . This news release should be read inconjunction with the Company’s Financial Statements, Notes to theFinancial Statements and Management’s Discussion and Analysis(“ MD&A ”).
For detailed information, please read the Company’sFinancial Statements and MD&A which are available on SEDAR’swebsite at www.sedar.com, The Stock Exchange of Hong Kong Limited’swebsite 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.
202 5 SECOND QUARTER OPERATION AND FINANCIAL HIGHLIGHTS
Revenue increased by 108% to US$307.3 million fromUS$148.0 million for the same period in 2024.
Mine operating earnings of US$159.4 million, increasedby US$130.0 million from mine operating earnings of US$29.4 millionfor the same period in 2024.
Net profit of US$116.3 million increased by US$121.1million from net loss of US$4.8 million for the same period in 2024, anew record for the highest quarterly net profit.
Cash flow from operation of US$191.3 million, increasedfrom US$80.9 million for the same period in 2024.
Total gold production increased by 38% to 43,403 ouncesfrom 31,373 ounces for the same period in 2024.
Total copper production was 39.7 million pounds(approximately 18,013 tonnes) an increase from 18.6 million pounds(approximately 8,454 tonnes) for the same period in 2024.
202 5 FIRST HALF OPERATION AND FINANCIALHIGHLIGHTS
Revenue increased by 178% to US$580.4 million fromUS$208.5 million for the same period in 2024.
Mine operating earnings of US$277.1 million, increasedby US$259.2 million from US$17.9 million for the same period in2024.
Net profit of US$202.3 million increased by US$233.2million from net loss of US$30.9 million for the same period in2024.
Cash flow from operation of US$334.8 million, increasedfrom US$88.1 million for the same period in 2024.
Total gold production increased by 69% to 88,200 ouncesfrom 52,087 ounces for the same period in 2024
Total copper production was 77.0 million pounds(approximately 34,924 tonnes) an increase from 23.3 million pounds(approximately 10,547 tonnes) for the same period in 2024.
The Company’s Chairman and CEO, Mr. Chenguang Hou,stated, “Our second-quarter performance not only set a new recordfor the highest quarterly net profit in the Company’s history, butalso validated the soundness of our strategy and the efficiency of ourexecution. This achievement is the result of our employees’dedication and strong sense of responsibility. I am confident that bymaintaining this momentum and unity, China Gold International willcontinue to break new ground and reach greater heights in thefuture.”
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 in their entirety bythis cautionary statement. The information contained herein is statedas of the current date and subject to change after that date.
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