Announces 2022 Production Results & Provides 2023 Guidance
China Gold International
Resources Corp. Ltd.
Suite 660, One Bentall Centre
505 Burrard Street, Box 27
Vancouver, BC
Canada V7X 1M4
China Gold International Resources Corp. Ltd.
Announces 2022 Production Results & Provides 2023 Guidance
VANCOUVER, January 19, 2023 - China Gold International Resources Corp. Ltd. (TSX:
CGG; H KEx: 2099) (“China Gold I nternational Resources” or t he “Company”) is
pleased to provide preliminary full year production results for 2022 and announce annual
production guidance for 2023.
2022 Preliminary Production Results:
• The consolidated gold production is approximately 238,880 ounces (approximately
7.43 tonnes), slightly lower than the 2022 production guidance rang e of 241,130
ounces (approximately 7.5 tonnes)。
• The copper production is approximately 187 million pounds (approximately 85,000
tonnes) which was in line with the 2022 production guidance range.
The production results above are preliminary. The actual annual production data will be
released in the 2022 annual financial statements of the Company.
2023 Production Guidance:
• The anticipated consolidated gold production will be between 241,130 ounce s (7.5
tonnes) and 244,346 ounces (7.6 tonnes).
• Total copper production is estimated to be between 1 89 million pounds (86 ,000
tonnes) and 191 million pounds (87,000 tonnes).
The Company’s Chairman and CEO, Mr. Junhu Tong, said, “ In spite of the negative
impact of COVID-19 on supply chain, our teams remained resilient in executing our plans
and substantially achieved 2022 production guidance under challenging circumstances.
Going forward, the Company will continue to focus on profitability and reliability , while
unlocking the potential of our existing assets. The Company will endeavor to optimize its
operations and achieve production growth in 2023”.
Final Year-End 2022 Results:
The Company expects to report its 2022 annual financial statements by the end of March
2023. In connection with the release, management will hold its annual roadshow event to
discuss the Company’s year-end results and performance.
China Gold International
Resources Corp. Ltd.
Suite 660, One Bentall Centre
505 Burrard Street, Box 27
Vancouver, BC
Canada V7X 1M4
About China Gold International Resources
China Gold International Resources is a gold and base metal mi ning company
incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner
Mongolia, C hina and the Jiama Copper -Gold Polymetallic Min e in Tibet, China. The
Company’s objective is to build shareholder value through growing production at its
current mining operations, expanding its resource base, and acquiring and developing
new projects inte rnationally. The Company is listed on the Toron to Stock Exchange
(TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKEx:
2099).
For further information on the Company, please refer to SEDAR’s website at
www.sedar.com, The Stock Exch ange of Hong Kong Limited’s website at
www.hkex.com.hk, the Company's website at www.chinagoldintl.com, or call the
Company at +1-604-609-0598 and email to [email protected].
Cautionary Note About Forward-Looking Statements
Certain information regardi ng China Gold International Resources contained herein may constitute
forward-looking statements within the meaning of applicable securities laws. Forward -looking statements
may include estimates, plans, expectations, opinions, forecasts, projections, guid ance or other statements
that are not statements of fact. Although China Gold International Resources believes that the expectations
reflected in such for ward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. China Gold International Res ources cautions that actual
performance will be affected by a number of factors, most of which are beyond i ts control, and that future
events and results may vary substantially from what China Gold International Resources currently foresees.
Factors that could cause actual results to differ materially from those in forward-looking statements include
market pric es, exploitation and exploration results, continued availability of capital and financing and
general economic, market or business conditions. The fo rward-looking statements are expressly qualified
in their entirety by this cautionary statement. The inform ation contained herein is stated as of the current
date and subject to change after that date.