Resources Corp. Ltd.
______ Tel: 604-609-0598 Fax: 604-688-0598 E-mail: [email protected], www.chinagoldintl.com 1Suite 660, One Bentall Centre 505 Burrard Street, Box 27 Vancouver, BC Canada V7X 1M4 China Gold International announces Jiama Mine expansion update and revises 2015 copper production guidance.
VANCOUVER, CANADA, December 21, 2015 - China Gold International Resources Corp.
Ltd. (TSX: CGG; HKEx: 2099) (the “Company” or “China Gold International Resources”) provides an update on the expansion of the Jiama Copper-Gold Polymetallic Mine (the “Jiama Mine” or “Jiama”) and revises its 2015 copper production guidance.
The original schedule of commi ssioning Stage One of Phase II expansion at the Jiama Mine by the fourth quarter of 2015 was deferred due to the defects detected during the loaded test run that may not be fully eliminated by the end of 2015. As a result, the Company revises its 2015 copper producti on guidance to 37.5 million pounds, a 21% increase from the 2014 actual copper output of 31 million pounds. The Company aims to restart the commissioning of St age One in the second half of 2016. The construction of Stage Two is under way and is expected to be completed in the second half of 2016. 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.c om or contact t he 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, and the Jiama Copper-Polymetallic Mine in Tibet Au tonomous 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 inter nationally. 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 additional information:
Elena M. Kazimirova
Investor Relations Manager and Financial Analyst
Tel: +1.604.695 5031
Email: [email protected]
Website: www.chinagoldintl.com
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold In ternational Resources contained herein may constitute forward-looking statements withi n the meaning of applicable securities laws. China Gold International Resources Corp. Ltd.
______ Tel: 604-609-0598 Fax: 604-688-0598 E-mail: [email protected], www.chinagoldintl.com 2Suite 660, One Bentall Centre 505 Burrard Street, Box 27 Vancouver, BC Canada V7X 1M4 Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold Internati onal Resources believes that t he expectations reflected in such forward-looking statements are reasonabl e, it can give no assurance that such expectations will prove to have been correct. Chin a Gold International Resources cautions that actual performance will be affected by a nu mber of factors, most of which are beyond its control, and that future ev ents and results may vary substant ially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking stat ements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-l ooking statements are ex pressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.