China Gold International Returns to Profit in Q3 as Revenue, Gold Production Rise

MT Newswires Live

2024/11/15

China Gold International Resources (HKG:2099) returned to a net profit of $27.9 million in the third quarter from a net loss of $30.8 million in the year-ago period, according to a Friday filing with the Hong Kong exchange.

The mining company's revenue soared 309% to $254.6 million from $62.3 million in the year-ago period.

Meanwhile, gold production rose 51% to 50,160 ounces from 33,110 ounces a year earlier while copper production reached 38.3 million pounds or 17,361 tonnes, compared with none a year earlier.

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