RE:RE:Earnings for 2021 are out. CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. REPORTS 2021 YEAR-END RESULTS, PROVIDES 2022 OUTLOOK, AND DECLARES DIVIDEND
China Gold International Resources Corp. Ltd. has released its 2021 year-end results, has provided 2022 outlook and has declared a dividend.
For detailed information, please read the company's financial statements and MD&A (management's discussion and analysis) for the year ended Dec. 31, 2021, which are available on SEDAR's website, The Stock Exchange of Hong Kong Ltd.'s website, the company's website, or call the company at 1-604-609-0598 and e-mail to info@chinagoldintl.com.
Financial, production and operation highlights
2021 fourth quarter
- Revenue increased by 17 per cent to $312.0-million (U.S.) from $265.8-million (U.S.) for the same period in 2020.
- Mine operating earnings increased by 24 per cent to $111.8-million (U.S.) from $90.1-million (U.S.) for the same period in 2020.
- Net income increased by 4 per cent to $58.8-million (U.S.) from $56.4-million (U.S.) for the same period in 2020.
- Total gold production increased by 5 per cent to 62,278 ounces from 59,177 ounces for the same period in 2020.
- Total copper production decreased by 6 per cent to 47.1 million pounds (21,387 tonnes) from 50.1 million pounds (22,742 tonnes) for the same period in 2020.
2021 annual
- Revenue increased by 32 per cent to $1,137.4-million (U.S.) from $864.0-million (U.S.) for the same period in 2020.
- Mine operating earnings increased by 93 per cent to $404.1-million (U.S.) from $209.9-million (U.S.) for the same period in 2020.
- Net income increased by 136 per cent to $268.7-million (U.S.) from $113.9-million (U.S.) for the same period in 2020.
- Total gold production increased by 1.4 per cent to 244,312 ounces from 240,848 ounces for the same period in 2020.
- Total copper production increased by 5 per cent to 190.5 million pounds (86,400 tonnes) from 180.9 million pounds (82,059 tonnes) for the same period in 2020.
Special dividend
In connection with the company's financial results for the year ended Dec. 31, 2021, the company is pleased to announce the declaration of a special dividend of 25 U.S. cents per common share payable on June 15,