China Gold earns $15.1-million (U.S.) in Q1

2013-05-15 18:51 ET - News Release

 

Ms. Elena Kazimirova reports

CHINA GOLD INTERNATIONAL REPORTS STRONG 2013 FIRST QUARTER RESULTS AND RECONFIRMS 2013 ANNUAL OUTLOOK

China Gold International Resources Corp. Ltd. is releasing its financial and operational results for the three months ended March 31, 2013, and reconfirms its 2013 outlook.

First quarter 2013 financial highlights

Consolidated revenues of $76.7-million (U.S.) for the first quarter ended March 31, 2013, were consistent with $77.6-million (U.S.) earned in the first quarter ended March 31, 2012.

Revenues from the Chang Shan Hao (CSH) gold mine accounted for 62 per cent, or $47.4-million (U.S.) (first quarter 2012, $54.5-million (U.S.)), of total revenue for the quarter.

Revenue from the Jiama copper-gold polymetallic mine accounted for 38 per cent, or $29.3-million (U.S.) (first quarter 2012, $23.1-million (U.S.)), of total revenue for the quarter.

Drill results at Jiama should come in on some strong numbers!