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China Gold exceeds 2020 production guidance

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(Kitco News) - China Gold International Resources (TSX: CGG; HKEx: 2099) yesterday provided preliminary full-year production results for 2020 and announced annual production guidance for 2021.

The company said that its consolidated gold production was approximately 234,700 ounces, exceeding the 2020 production guidance of 212,000 ounces by about 10%. The copper production was approximately 176 million pounds, exceeding the 2020 production guidance of 145 million pounds by more than 21%.

China Gold anticipates production of approximately 235,000 ounces of gold and 177 million pounds of copper in 2021.

China Gold 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 China.

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