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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 doscoon Nov 13, 2020 12:10am
732 Views
Post# 31892977

OUTLOOK

OUTLOOK OUTLOOK • Projected gold production of 212,000 ounces in 2020. Projected copper production of 145 million pounds in 2020. The Company anticipates the gold and copper production of 2020 will exceed the annual production guidance. • The Company continues to focus its efforts on optimizing the operation at both mines, improving the Jiama Mine’s production and potentially extending the mine life of CSH Mine. 4 | P a g e China Gold International Resources Corp. Ltd. • To fulfill its growth strategy, the Company is continually working with CNG and other interested parties to identify potential international mining acquisition opportunities. • The Company has not experienced any significant impact on its operations from the COVID-19 pandemic. Both of the Company’s mines have been able to operate and sell production without significant interruption during the three and nine months ended September 30, 2020. The Company continues to closely monitor the health of its employees and supply chains to be able to respond to any potential disruptions, should any arise. The Company is also managing its cash reserves to be able to withstand any financial ramifications of potential disruptions.
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