Achieves Record Production and Exceeds Annual Guidance in 2021, Expecting Continued Output Growth in 2022
China Gold International
Resources Corp. Ltd.
__________________________________________________________________
Tel: +1-604-609-0598 Fax: +1 -604-688-0598 E -mail: [email protected], www.chinagoldintl.com
Suite 660, One Bentall Centre
505 Burrard Street, Box 27
Vancouver, BC
Canada V7X 1M4
China Gold International Resources Corp. Ltd.
Achieves Record Production and Exceeds Annual Guidance in 2021,
Expecting Continued Output Growth in 2022
VANCOUVER, January 19, 2022 - 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 2021 and announce annual
production guidance for 2022.
2021 Preliminary Production Results Exceeds Annual Guidance:
• The consolidated gold production is approximately 244,345 ounces (approxim ately
7.6 tonnes), exceeding the 2021 production guidance of 235,000 ounces by about
4%. The copper production is approximately 191 million pounds (approximately
86,400 tonnes), exceeding the 2021 production guidance of 177 million pounds by
more than 7%. The above are preliminary results . The actual annual production
data will be released in the 2021 annual financial statements of the Company.
Production Guidance for 2022:
• The anticipated gold produc tion will be between 241,130 ounces (7.5 tonnes) and
250,775 ounces (7.8 tonnes).
• Total copper production is estimated to be between 1 87 million pounds (85 ,000
tonnes) and 198 million pounds (90,000 tonnes).
The Company’s Chairman and CEO, Mr. Liangyou J iang, said, “2021 was an important
year for the Compan y to enter a new stage of operations. We have successfully
overcome unfavorable factors such as the Covid -19 pandemic, carefully organized
production and continuously improved the quality of operations. As a result, the
Company achieved record production for both gold and copper and exceeded the annual
guidance in 2021. In 2022, we are confident to move towards higher goals and continue
to create value for shareholders.”
Final Year-End 2021 Results:
The Company expects to report its 2021 annual financial statements by the end of March
2022. 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.
__________________________________________________________________
Tel: +1-604-609-0598 Fax: +1 -604-688-0598 E -mail: [email protected], www.chinagoldintl .com
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 mining company
incorporated in BC, Canada and operates two mines, the CSH Gold Mine in Inner
Mongolia, China and the Jiama Copper -Gold Polymetallic Mine in Tibet, China. The
Company’s objective is to build shareholder value through grow ing production at its
current mining operations, expanding its resource base, and acquiring and developing
new projects internationally. The Company is listed on the Toronto Stock Exchange
(TSX: CGG) and the Main Board of The Stock Exchange of Hong Kong Li mited (HKEx:
2099).
For further information on the Company, please refer to SEDAR’s website at
www.sedar.com, The Stock Exchange 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 regarding China Gold International Resources contained herein may constitute
forward-looking statements within the meaning of applicable se curities laws. Forward -looking statements
may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements
that are not statements of fact. Although China Gold International Resources believes that the expectations
reflected in such forward -looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. China Gold International Resources cautions that actual
performance will be affected by a number of factors, most of which are beyond its 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 prices, exploitation and exploration results, continued availability of capital and financing and
general economic, market or business conditions. The forward -looking 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.