China Gold International Resources Corp. Ltd. (China Gold International) reported a sharp turnaround in 2025, with net profit rocketing to USD 472.32 million from USD 65.30 million a year earlier on a 72.9% surge in revenue to USD 1.31 billion.

Revenue growth was driven by a revival at the Jiama copper-gold mine in Tibet, where income jumped 89% to USD 971.65 million on higher prices and a 50% rise in copper sales to 156.44 million lb. The CSH gold mine in Inner Mongolia contributed USD 338.47 million, up 37%, despite a 10% decline in gold sales volumes, thanks to a 39% increase in realised gold prices to USD 3,419/oz.

Group mine operating earnings expanded to USD 684.0 million from USD 186.9 million, while operating cash flow more than doubled to USD 710.0 million. Basic earnings per share rose to 117.80 US cents from 15.82 cents.

Total gold output increased 9% to 177,225 oz, supported by higher production at Jiama. Copper production climbed 48% to 156.3 million lb. Cash costs at Jiama fell after by-product credits, dropping to USD 0.52/lb from USD 2.32/lb, although CSH’s cash cost edged up to USD 1,263/oz.

The balance sheet strengthened: cash and cash equivalents rose to USD 399.40 million, working capital reached USD 580.01 million, and the gearing ratio improved to 0.23 from 0.26 as total debt fell to USD 533.44 million. Capital expenditure on property, plant and equipment totalled USD 50.14 million.

Looking to 2026, China Gold International guides for 71–84 thousand oz of gold from CSH as the open-pit nears the end of its mine life, and 63.5–67.5 thousand t of copper, 2.2–2.35 t of gold and 130–150 t of silver from Jiama, where a Phase III tailings facility is targeted for commissioning in H1 2027.

Subsequent to year-end, the board approved a dividend of USD 0.47 per share—comprising a base payout and a special dividend—totalling USD 186.79 million, following the USD 0.08 per share distribution for 2024.