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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

Post by DumbCanuckon Nov 12, 2020 6:40pm
771 Views
Post# 31892018

Financial data from MD&A

Financial data from MD&A

RESULTS OF OPERATIONS

 

 

Selected Quarterly Financial Data

 

Selected Quarterly Production Data and Analysis

 

CSH Mine

Three months ended September 30,

Nine months ended September 30

 

2020

2019

2020

2019

Gold sales (US$ million)

76.22

62.27

196.77

152.22

Realized average price (US$) of gold per ounce

1,849

1,509

1,705

1,381

Gold produced (ounces)

40,672

43,829

114,819

112,331

Gold sold (ounces)

41,212

41,330

115,394

110,189

Total production cost (US$ per ounce)

1,381

1,289

1,367

1,325

Cash production cost(1) (US$ per ounce)

906

820

864

838

(1) Non-IFRS measure. See ‘Non-IFRS measures’ section of this MD&A

 

 

 

 

Gold production at the CSH Mine slightly decreased by 7% to 40,672 ounces for the three months ended September 30, 2020 compared to 43,829 ounces for the three months ended September 30, 2019. The total production cost of gold for the three months ended September 30, 2020 increased to US$1,381 per ounce compared to US$1,289 for the three months ended September 30, 2019. The cash production cost of gold for the three months ended September 30, 2020 increased to US$906 per ounce from US$820 for the same period in 2019. Changes in total production cost and cash cost are mainly due to higher stripping ratio and

waste removal costs.

 
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