CHINAGOLDINTL (02099.HK) expects to produce 145,000 oz of gold in 2013  The expanded CSH mine is expected to generate US$1.25 billion of undiscounted cash flow! Jiama mine is expected to generate more than US$3.6 billion of undiscounted cash flow! The Company's outlook for 2013 remains positive with the objective of building new capacity, increasing production at its operating mines and acquiring additional projects with support from the Company's largest shareholder and the largest gold producer in China, China National Gold Group Corporation. In 2013, the Company plans to drill about 30,000 meters at a cost of approximately US$9.5 million. Main goals of the 2013 drilling program are:
  • further delineating the South Pit ore body to define a potentially larger final pushback
  • infill drilling to further define main high grade ore body in current underground mining area
  • further delineating the gold deposit discovered in 2012 on the east side of the South Pit
     2013 CSH/ 160,709 2014 265,393 285,812   
    China Gold International Resources Corporation, a buyout of Mundoro Mining, 100,00 shares of gold major Anglogold Ashanti, 350,000 shares of Goldfields Limited, - MUN/Maintained a minority 5% interest in Mundoro Mining Inc. which is 95% controlled by China ... progress into development, drop the property, or joint venture out to another company

 

2013 160,709  265,393! PUT Maoling Gold Project in the Liaoning Province in CGG NAME!.and CNG