Mr. Liangyou Jiang, the Chairman and CEO of the Company, stated, “The Company achieved excellent results in the past quarter. The growth of our revenue and operating cash flow remained strong. Our mine operating profit, profit before income tax, and net income all reached record highs. These achievements were based on the full operation of the Jiama Mine Phase II expansion, continuous and stable operation of the CSH Mine in the long term as well as the efforts from all employees to ensure safe production during the COVID-19 pandemic. Our total production of gold and copper in 2020 is expected to exceed our annual production guidance released at the beginning of the year. The Company's management team and all staff will continue to make great efforts to increase efficiency and reduce cost. All these work will lay a solid foundation for the Company’s future development and definitely deliver satisfactory return to shareholders with better development and more substantial benefits.”
The Company also announces the retirement of Mr. Lisheng Zhang as Vice President and expresses its gratitude to Mr. Zhang for his valuable contribution to the Company.
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 Autonomous Region, 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).
For further information on the Company, please refer to its SEDAR profile at www.sedar.com or: Telephone: 604-609-0598, Email: info@chinagoldintl.com, Website: www.chinagoldintl.com.