China Gold International Reports 351% Revenue Surge and $86M Net Profit in Q1 2025

Reuters
16 May
China Gold International Reports 351% Revenue Surge and $86M Net Profit in Q1 2025

China Gold International Resources Corp. Ltd. reported significant increases in its financial and operational performance for the first quarter of 2025. Revenue rose by 351% to $273.1 million, up from $60.5 million for the same period in the previous year. The company achieved a net profit of $86 million, a substantial increase from the net loss of $26 million reported in the first quarter of the prior year. Mine operating earnings improved significantly, reaching $117.7 million compared to a mine operating loss of $11.5 million in the previous year. Cash flow from operations also saw a substantial rise, totaling $143.5 million, contrasted with the $7.2 million used in operations during the same period last year. In terms of production, total gold output increased by 116% to 44,797 ounces, up from 20,714 ounces in the same quarter of the prior year. Copper production also rose significantly, reaching 37.3 million pounds (approximately 16,911 tonnes), compared to 4.6 million pounds (approximately 2,093 tonnes) in the previous year. The company's Chairman and CEO, Mr. Chenguang Hou, attributed this record performance to operational improvements and favorable market conditions, stating that the strong start laid a solid foundation for the full-year operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Gold International Resources Corp. Ltd. published the original content used to generate this news brief via TheNewswire (Ref. ID: 1AD4FQRy4) on May 15, 2025, and is solely responsible for the information contained therein.

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