CHINAGOLDINTL (02099) Reports Interim Results with Shareholders' Profit of $200 Million, Turning from Loss to Profit Year-over-Year

Stock News
Aug 15

CHINAGOLDINTL (02099) announced its interim results for the six months ended June 30, 2025, reporting sales revenue of $580 million, representing a 178.36% year-over-year increase. Mining operating profit reached $277 million, surging 1443.71% compared to the same period last year. Shareholders' profit totaled $200 million, marking a turnaround from the $31.674 million loss recorded in the corresponding period of the previous year. Basic earnings per share stood at 50.53 US cents.

The company noted that the average realized gold price increased by 35% to $3,094 per ounce during the first six months of 2025, compared to $2,285 per ounce in the same period of 2024. The Changshanhao mine achieved gold sales of 52,893 ounces (with gold production of 45,829 ounces), compared to 39,951 ounces (with gold production of 40,257 ounces) in the corresponding period of 2024.

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