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Share Name | Share Symbol | Market | Type |
---|---|---|---|
China Gold International Resources Corp Ltd | TSX:CGG | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.25 | 2.72% | 9.44 | 9.42 | 9.45 | 9.57 | 9.25 | 9.25 | 44,402 | 21:00:00 |
Revenue, net profit, gold and copper production grow.
On target to meet 2015 gold and copper production goals.
VANCOUVER, Aug. 14, 2015 /PRNewswire/ - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the "Company" or "China Gold International Resources") reports financial and operational results for the three months ("Q2", "quarter" or "second quarter 2015") and six months ("first half" or "six months 2015") ended June 30, 2015. The Company reaffirms its 2015 annual guidance.
Selected Production and Financial Highlights: Q2 2015 Compared to Q2 2014
CSH Mine |
Three months ended June 30, | |||||||
2015 |
2014 | |||||||
Total production cost (US$) of gold per ounce |
841 |
733 | ||||||
Total Cash production cost* (US$) of gold per ounce |
642 |
446 | ||||||
* Non-IFRS measure |
||||||||
Jiama Mine |
Three months ended June 30, | |||||||
2015 |
2014 | |||||||
Total production cost* (US$) of copper per pound after by-products credits |
1.99 |
1.78 | ||||||
Cash production cost** (US$) of copper per pound after by-products credits |
1.43 |
1.09 |
* |
Production costs include expenditures incurred at the mine sites for the activities related to | |||||
** |
Non-IFRS measure |
Selected Production and Financial Highlights: First Half 2015 Compared to First Half 2014
Mr. Bing Liu, the CEO and Executive Director of the Company, stated, "I am very pleased with the performance of our Company and our team. Despite challenging market conditions, we grew our revenues, net income and production. We are mindful of our capital and operating expenditures and are well financed to take advantage of any good acquisition opportunities which are becoming more and more abundant. We are aiming to keep delivering growth and profit to our shareholders".
2015 Outlook
The Company is on track to meet its 2015 production and operating goals for CSH and Jiama.
Analysts, investors, media and general public are encouraged to visit the Company's website at www.chinagoldintl.com, The Stock Exchange of Hong Kong Limited's website at www.hkex.com.hk or SEDAR at www.sedar.com to view the complete set of the financial statements and MD&A or contact the Company with any questions.
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Polymetallic Mine in Tibet Autonomous Region of the People's Republic of China. The Company's objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx: 2099).
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
SOURCE China Gold International Resources Corp. Ltd.
Copyright 2015 PR Newswire
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