China Gold International Resources Corp Ltd (CHINAGOLDINTL) saw its stock price soar by 5.09% in pre-market trading on Friday, following the release of its stellar first-quarter 2025 financial results. The company reported a significant 351% year-over-year increase in revenue, reaching $273.1 million, and swung to a net profit of $86 million from a loss in the same period last year.
The mining company's operational performance was equally impressive, with gold production up 116% to 44,797 ounces and copper production rising to 37.3 million pounds. These substantial improvements in both financial and operational metrics have likely fueled investor optimism, driving the stock's pre-market surge.
Additionally, China Gold International announced a change in its auditor, proposing to appoint BDO Limited to replace Deloitte Touche Tohmatsu after 15 years of service. While this change aims to ensure independence and objectivity in audit services, the primary driver of the stock's movement appears to be the company's strong quarterly performance and positive outlook for the year ahead.
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