2013 outlook

  • Expected production of 145,000 ounces of gold from the CSH Mine in 2013.
  • Expected production of 26.5 million pounds of copper from the Jiama Mine in 2013.
  • At CSH, the Company is building a new 30,000 tpd stand-alone crushing, heap leaching and ADR (Absorption, Desorption and Refining) plant system in addition to the existing 30,000 tpd facility. Expansion construction is expected to be completedin the fourth quarter of 2013, at which time the first ore is to be placed on the leach pad in the fourth quarter of 2013.
  • The Company expects to complete the Jiama Mine's Phase II Independent Feasibility Study and to release an updated NI43-101 compliant report in the second quarter of 2013.
  • Jiama's production capacity expansion will be done in two stages. Stage one, planned for completion during the fourth quarter of 2013, includes completion of a new 20,000 tpd mill. Stage two is expected to be completed by 2014

One of the 86 deposits to be publicly auctioned holds 7.8 million ounces of gold in situ. This year Russia plans to sell potential investors 86 prospective hardrock gold deposits with exploration potential in situ of about 91 million ounces of gold. PUT Maoling Gold Project in the Liaoning Province in CGG NAME!.and CNG shares would not be for-sale if they did that on the deal! ..CNG OWNS 39% OF CGG!