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China Gold International Resources Ord Shs T.CGG

Alternate Symbol(s):  JINFF

China Gold International Resources Corp. Ltd. is a Canada-based gold and base metal mining company. The Company is principally engaged in the acquisition, exploration, development and mining of mineral resources in the People’s Republic of China (the PRC). It operates two mines, the CSH Gold Mine in Inner Mongolia, China and the Jiama Copper-Gold Polymetallic Mine in Tibet, China. The CSH gold mine is located in Inner Mongolia of China, approximately 210 kilometers (km) northwest of the city of Baotou, which is engaged in producing gold dore bars with silver as a by-product. The Jiama project is a copper gold polymetallic mine in China. The Jiama project is located within the Gangdise Copper Metallogeny Belt in Central Tibet, China and is approximately 60 kilometers east of Lhasa City along the Sichuan-Tibet Highway. The Jiama project is a polymetallic deposit consisting of copper, molybdenum, gold, silver, lead and zinc.


TSX:CGG - Post by User

Comment by alx5on Jun 10, 2014 12:25pm
96 Views
Post# 22645908

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CGG/SP$10 WITH CGG BUY/BACK

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CGG/SP$10 WITH CGG BUY/BACK
China Gold International is an interesting stock if you like copper. Their CSH open pit gold mine  has 5 million oz of resources, which makes for a very long life mine. They are expanding production to 260,000 oz in 2015.

But the key to this stock is their Jiama copper mine, which is a huge 14 billion lb copper resource. Currently they are producing 25 million lbs a year at Jiama, but they are expanding that to 175 million lbs in 2015 / Jiama also has 5 million oz of  gold and 250 million oz  silver Jiama They plan to produce 35,000 oz of gold and 2.5 million oz of silver. China Gold International Reports Year-End 2013 Results and Provides 2014 Outlook. VANCOUVER, ... of $1.3 billion and is expected to generate a nominal after tax cash flow of $5.8 billion.
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