Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to its
accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD.
中國黃金國際資源有限公司
(a company incorporated under the laws of British Columbia, Canada with limited liability)
(Hong Kong Stock Code: 2099)
(Toronto Stock Code: CGG)
Overseas Regulatory Announcement
VANCOUVER, January 21, 2021 – China Gold International Resou rces Corp. Ltd. (TSX: CGG; HKEx:
2099) is pleased to provide preliminary full year production results for 20 20 and announce annual
production guidance for 2021.
Please see the attached announcement for more details.
By order of the Board
China Gold International Resources Corp. Ltd.
Mr. Liangyou Jiang
Chairman and Chief Executive Officer
Hong Kong, 22 January 2021
As at the date of this announcement, the Board of Directors of the Company comprises of Mr.
Liangyou Jiang, Mr. Shiliang Guan, Mr. Weibin Zh ang and Ms. Na Tian as Executive Directors, Mr.
Junhu Tong as Non ‐Executive Director, and Mr. Ian He, Mr. Wei Shao, Dr. Bielin Shi and Ms. Ruixia
Han as Independent Non‐Executive Directors.
China Gold International
Resources Corp. Ltd.
__________________________________________________________________
Tel: 604-609-0598 Fax: 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.
Provides Preliminary 2020 Production Results and 2021 Outlook
VANCOUVER, January 21, 2021 - China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx:
2099) (“China Gold I nternational Resources” or t he “Company”) is pleased to provide
preliminary full year production re sults for 2020 and announce annual production guidance f or
2021.
2020 Preliminary Production Results:
• The consolidated gold production is approximately 234,700 ounces (approximately 7.3
tonnes), exceeding the 2020 production guidance of 212,000 ounces by about 10%.
The copper production is approximately 176 million pounds (approximately 80,000
tonnes), exceeding the 2020 production guidance of 145 million pounds by more than
21%. The above are preliminary results. The actual annual production data shall be
released in the 2020 annual financial statements of the Company.
Production Guidance for 2021:
• The Company anticipates production of approximately 235,000 ounces of gold in 2021.
• The Company anticipates production of approximately 1 77 million pounds of copper in
2021.
The Company’s Chairman and CEO, Mr. Liangyou Jiang, said, “2020 has been a challenging year
for the Company due to the volatile market conditions, the impact of Covid -19 pandemic, and
the uncertainty with sharp downturn of global eco nomy. However, our management team
and staff have overcome all the difficulties and achieved great success by means of improved
operational excellence, outstanding HSE management, continuous cost control and risk
prevention, resulting in the best annual p erformance of the Company in the history . The
copper production of Jiama Mine reached a historical high, and CSH Mine operated smoothly
with the gold production on a consistent high level . The total actual copper and gold
production has greatly exceeded the original pr oduction guidance . The Company will
continue improving its operation in 2021, steadily achieve performance milestones, and create
value for our shareholders.”
Final Year-End 2020 Results:
The Company expects to report its 20 20 annual financial statements by the end of March 202 1.
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: 604-609-0598 Fax: 604 -688-0598 E -mail: [email protected], www.chinagoldintl.com
Suite 660, One Bentall Centre
505 Burrard Street
Vancouver, BC
Canada V7X 1M4
-3-
About China Gold International Resources
China Gold International Resources Corp. Ltd. is incorporated in British Columbia, Canada and
operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia Autonomous
Region, and the Jiama Copper -Polymetallic Mine in Tibet Autonomous Region of the People’s
Republic of Chi na. 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 internationally. 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 further information on the Company, please refer to its SEDAR profile at www.sedar.com or:
Telephone: 604-609-0598, Email: [email protected], Website: www.chinagoldintl.com.
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 securities 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 reflect ed 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 inclu de market prices, exploitation and exploration results, continued availability of
capital and financing and general economic, market or business conditions. The forward -looking statements are
expressly qualified in their entirety by this cautionary stateme nt. The information contained herein is stated as of
the current date and subject to change after that date.