Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$28.66, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 424% over the past three years. Reported Earnings • May 15
First quarter 2026 earnings released: EPS: US$0.59 (vs US$0.21 in 1Q 2025) First quarter 2026 results: EPS: US$0.59 (up from US$0.21 in 1Q 2025). Revenue: US$453.2m (up 66% from 1Q 2025). Net income: US$234.0m (up 175% from 1Q 2025). Profit margin: 52% (up from 31% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Live News • May 10
China Gold International Extends Key Supply and Finance Agreements With China National Gold to 2029 China Gold International Resources has extended its framework and supply agreements with controlling shareholder China National Gold and related parties to 2029, covering product offtake and operational support. The renewals are treated as major and continuing connected transactions under Hong Kong Listing Rules and will require shareholder approval and ongoing independent oversight. The company has amended its financial services agreement with China Gold Finance, raising deposit and loan limits and updating pricing, with some deposit services now subject to higher regulatory scrutiny.
For you as an investor, the extended agreements point to continuity in how China Gold International sources operational support and sells output to related parties. Connected transactions like these can help secure access to financing and offtake channels, but they also come with higher governance requirements because they involve the controlling shareholder.
The classification as major and continuing connected transactions means you can expect more disclosure and independent monitoring around pricing, terms and fairness. The updated financial services arrangement, with higher deposit and loan ceilings, indicates that a larger share of the company’s cash management and funding activity may go through China Gold Finance. The mention of increased regulatory scrutiny on some deposits is a reminder to watch how counterparty and liquidity risks are addressed in future filings and shareholder materials. Declared Dividend • Apr 04
Dividend of US$0.47 announced Shareholders will receive a dividend of US$0.47. Ex-date: 23rd April 2026 Payment date: 17th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (5% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 17% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 31
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: US$1.18 (up from US$0.16 in FY 2024). Revenue: US$1.31b (up 73% from FY 2024). Net income: US$467.0m (up US$404.2m from FY 2024). Profit margin: 36% (up from 8.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) missed analyst estimates by 7.4%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CA$24.11, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 5x in the Metals and Mining industry in Canada. Total returns to shareholders of 416% over the past three years. Announcement • Mar 12
China Gold International Resources Corp. Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026 China Gold International Resources Corp. Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CA$29.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 6x in the Metals and Mining industry in Canada. Total returns to shareholders of 644% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$32.66, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total returns to shareholders of 678% over the past three years. Announcement • Jan 28
China Gold International Resources Provides Production Guidance for the Year 2026 China Gold International Resources provided production guidance for the year 2026. For the year, the The Jiama Mine: The copper production will be approximately between 140 million pounds (63,500 tonnes) and 149 million pounds (67,500 tonnes); The gold production will be approximately between 70,732 ounces (2.2 tonnes) and 75,554 ounces (2.35 tonnes); The silver production will be approximately between 4.18 million ounces (130 tonnes) and 4.82 million ounces (150 tonnes). The CSH Mine: The total gold production is estimated between 70,732 ounces (2.2 tonnes) and 83,592 ounces (2.6 tonnes). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$33.26, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 625% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$29.59, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 710% over the past three years. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: US$0.36 (vs US$0.068 in 3Q 2024) Third quarter 2025 results: EPS: US$0.36 (up from US$0.068 in 3Q 2024). Revenue: US$345.0m (up 36% from 3Q 2024). Net income: US$141.1m (up 420% from 3Q 2024). Profit margin: 41% (up from 11% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 03
China Gold International Resources Corp. Ltd. to Report Nine Months, 2025 Results on Nov 12, 2025 China Gold International Resources Corp. Ltd. announced that they will report nine months, 2025 results on Nov 12, 2025 Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. CEO & Executive Chairman Chenguang Hou was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$23.99, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total returns to shareholders of 549% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$15.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 354% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: US$0.29 (vs US$0.014 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.29 (up from US$0.014 loss in 2Q 2024). Revenue: US$307.3m (up 108% from 2Q 2024). Net income: US$115.3m (up US$120.7m from 2Q 2024). Profit margin: 38% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Announcement • Aug 04
China Gold International Resources Corp. Ltd. to Report First Half, 2025 Results on Aug 14, 2025 China Gold International Resources Corp. Ltd. announced that they will report first half, 2025 results on Aug 14, 2025 Announcement • Jun 27
China Gold International Resources Corp. Ltd. Announces Retirement of Weibin Zhang as an Executive Director, Member of the Compensation and Benefits Committee China Gold International Resources Corp. Ltd. announced that Mr. Weibin Zhang indicated that he would not offer himself for re-election at the AGM as he desired to focus on his own business. Accordingly, with effect from the conclusion of the AGM, Mr. Zhang retired as an executive director and has also ceased to be the member of the Compensation and Benefits Committee. In accordance with Rule 13.51(2) of the Listing Rules, Mr. Zhang has confirmed that he has no disagreement with the Board and there are no matters relating to his retirement that will need to be brought to the attention of the Stock Exchange and the shareholders. Major Estimate Revision • Jun 09
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.00b to US$1.03b. EPS estimate increased from US$0.714 to US$0.788 per share. Net income forecast to grow 87% next year vs 37% growth forecast for Metals and Mining industry in Canada. Consensus price target of CA$13.80 unchanged from last update. Share price rose 7.6% to CA$11.97 over the past week. Reported Earnings • May 16
First quarter 2025 earnings released: EPS: US$0.21 (vs US$0.066 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.21 (up from US$0.066 loss in 1Q 2024). Revenue: US$273.1m (up 351% from 1Q 2024). Net income: US$85.0m (up US$111.3m from 1Q 2024). Profit margin: 31% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • May 01
China Gold International Resources Corp. Ltd. to Report Q1, 2025 Results on May 15, 2025 China Gold International Resources Corp. Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Announcement • Apr 16
China Gold International Resources Corp. Ltd., Annual General Meeting, Jun 26, 2025 China Gold International Resources Corp. Ltd., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Apr 16
Upcoming dividend of US$0.08 per share Eligible shareholders must have bought the stock before 23 April 2025. Payment date: 18 June 2025. The company last paid an ordinary dividend in April 2022. The average dividend yield among industry peers is 1.5%. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CA$7.96, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 3x in the Metals and Mining industry in Canada. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$9.86 per share. Reported Earnings • Mar 28
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: US$0.16 (up from US$0.064 loss in FY 2023). Revenue: US$756.6m (up 65% from FY 2023). Net income: US$62.7m (up US$88.2m from FY 2023). Profit margin: 8.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
China Gold International Resources Corp. Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 China Gold International Resources Corp. Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Buy Or Sell Opportunity • Jan 26
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CA$8.06. The fair value is estimated to be CA$6.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jan 13
China Gold International Resources Corp. Ltd. Provides Production Guidance for the Year 2025 China Gold International Resources Corp. Ltd. provided production guidance for the year 2025. For the year, for The Jiama Mine, The copper production will be approximately between 139 million pounds (63,000 tonnes) and 148 million pounds (67,000 tonnes); The gold production will be approximately between 69,124 ounces (2.15 tonnes) and 73,947 ounces (2.3 tonnes), For The CSH Mine: The total gold production is estimated between 77,162 ounces (2.4 tonnes) and 83,592 (2.6 tonnes). Buy Or Sell Opportunity • Jan 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to CA$7.91. The fair value is estimated to be CA$6.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Nov 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to CA$7.62. The fair value is estimated to be CA$6.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non Executive Independent Director Wei Shao was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.068 (vs US$0.08 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.068 (up from US$0.08 loss in 3Q 2023). Revenue: US$254.6m (up 309% from 3Q 2023). Net income: US$27.1m (up US$58.8m from 3Q 2023). Profit margin: 11% (up from net loss in 3Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
China Gold International Resources Corp. Ltd. to Report Q3, 2024 Results on Nov 14, 2024 China Gold International Resources Corp. Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Price Target Changed • Aug 31
Price target increased by 81% to CA$7.82 Up from CA$4.32, the current price target is provided by 1 analyst. New target price is 23% above last closing price of CA$6.37. Stock is up 12% over the past year. The company is forecast to post earnings per share of US$0.31 next year compared to a net loss per share of US$0.064 last year. Announcement • Aug 01
China Gold International Resources Corp. Ltd. to Report First Half, 2024 Results on Aug 13, 2024 China Gold International Resources Corp. Ltd. announced that they will report first half, 2024 results on Aug 13, 2024 Reported Earnings • May 19
First quarter 2024 earnings released: US$0.066 loss per share (vs US$0.20 profit in 1Q 2023) First quarter 2024 results: US$0.066 loss per share (down from US$0.20 profit in 1Q 2023). Revenue: US$60.5m (down 76% from 1Q 2023). Net loss: US$26.3m (down 134% from profit in 1Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Announcement • Apr 28
China Gold International Resources Corp. Ltd., Annual General Meeting, Jun 27, 2024 China Gold International Resources Corp. Ltd., Annual General Meeting, Jun 27, 2024. Recent Insider Transactions • Apr 10
Lead Independent Non Executive Director recently sold CA$450k worth of stock On the 3rd of April, Ying Bin He sold around 50k shares on-market at roughly CA$9.00 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 28
Full year 2023 earnings released: US$0.064 loss per share (vs US$0.56 profit in FY 2022) Full year 2023 results: US$0.064 loss per share (down from US$0.56 profit in FY 2022). Revenue: US$459.4m (down 58% from FY 2022). Net loss: US$25.5m (down 111% from profit in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non Executive Independent Director Wei Shao was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 02
China Gold International Resources Corp. Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 China Gold International Resources Corp. Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Jan 05
China Gold International Resources Corp. Ltd. Announces CSH Gold Mine Operations Are Back to Normal China Gold International Resources Corp. Ltd. announce that the overall operations at its CSH Gold Mine ("CSH Mine") have returned to full production effective January 3, 2024. On November 15, 2023, the Company reported that CSH Mine reduced the mining rate at the end of the third quarter and in the fourth quarter in order to enhance the management andmaintenance of open pit slopes. The works on slope maintenance have been completed and the mining activities, including mining, hauling, crushing and heaping, have been returned to their normal operating level. The resumption of full mining activities at CSH Mine has laid a solid foundation for enhancing the Company's financial and production performance in 2024. The development of CSH Mine's underground resources is on schedule and has made significant progress, and the Company continues to advance a feasibility study for a possible underground extension of the CSH Mine. Announcement • Dec 19
China Gold International Resources Corp. Ltd. Announces Resumption of Certain Operations At Its Jiama Copper-Gold Polymetallic Mine China Gold International Resources Corp. Ltd. announced that the gradual resumption of certain operations at its Jiama Copper-Gold Polymetallic Mine (the "Jiama Mine") has begun on December 15, 2023 following the receipt of approval from the Lhasa Municipal Government, in line with previous announcements in relation to the overflow at the Guolanggou Tailings Dam at the Jiama Mine. The resumption of operations includes the underground void management and the restart of the Phase I processing plant of the Jiama Mine with a daily processing capacity of 6,000 tonnes. The tailings produced from processing operations will all be backfilled to the underground voids through the backfilling system. The Company has carried out a plan for the full resumption of operations, and the restart of the phase I processing plant is the first step in the overall plan. The repair and reinforcement work at the GuolanggOU Tailings Dam has been fully completed, and the safety assessment report has been completed, awaiting acceptance and approval by the government. The review process of the subsequent tailings discharge plan is occurring simultaneously. The Company will continue to proceed towards the resumption of full production on its design capacity at the Jiama Mine. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.08 loss per share (vs US$0.058 profit in 3Q 2022) Third quarter 2023 results: US$0.08 loss per share (down from US$0.058 profit in 3Q 2022). Revenue: US$62.3m (down 76% from 3Q 2022). Net loss: US$31.7m (down 237% from profit in 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Nov 02
China Gold International Resources Corp. Ltd. to Report Q3, 2023 Results on Nov 13, 2023 China Gold International Resources Corp. Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023 New Risk • Aug 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Aug 15
Second quarter 2023 earnings released: US$0.14 loss per share (vs US$0.20 profit in 2Q 2022) Second quarter 2023 results: US$0.14 loss per share (down from US$0.20 profit in 2Q 2022). Revenue: US$73.0m (down 75% from 2Q 2022). Net loss: US$53.7m (down 166% from profit in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 03
China Gold International Resources Corp. Ltd. to Report First Half, 2023 Results on Aug 14, 2023 China Gold International Resources Corp. Ltd. announced that they will report first half, 2023 results on Aug 14, 2023 Reported Earnings • May 16
First quarter 2023 earnings released: EPS: US$0.20 (vs US$0.18 in 1Q 2022) First quarter 2023 results: EPS: US$0.20 (up from US$0.18 in 1Q 2022). Revenue: US$252.8m (down 17% from 1Q 2022). Net income: US$77.8m (up 9.2% from 1Q 2022). Profit margin: 31% (up from 23% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$6.46, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Metals and Mining industry in Canada. Total returns to shareholders of 1,116% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CA$4.48 per share. Announcement • May 06
China Gold International Resources Corp. Ltd. Provides an Update on the Operations of Its Jiama Copper-Gold Polymetallic Mine China Gold International Resources Corp. Ltd. provided an update on the operations of its Jiama copper-gold polymetallic mine. Reference is made to the Company's announcement dated on March 31, 2023. On May 27, 2023, an overflow occurred at the Guolanggou Tailings Dam at Jiama Mine (the "overflow"). The Company quickly contained and repaired the breach to ensure no damage to the environment or neighboring communities. Subsequent to the overflow, Jiama Mine has suspended its operations while the Company takes the opportunity to conduct a comprehensive safety assessment of and repair work on its tailings dam with the assistance and supervision of government safety authorities. The Company does not have an exact timeline for the re-start of production. The overflow occurred at the top 19th subsequent dyke of the Guolangou Tailings Dam. However, other levels of subsequent dykes and the starter dyke were also damaged to varying degrees. The Company is conducting a comprehensive inspection and assessment of all 19 levels of subsequent dykes and The starter dyke of the tailings dam and is making permanent repairs and reinforcement construction is expected to be completed by the end of July 2023. Following the completion of the construction, the Company will conduct a safety assessment of the entire tailings pond and submit an assessment report to the regulatory authority by the end of August 2023. The government regulators will decide when to grant permission to resume production based on the assessment report. Due to the uncertainty of the date of resumption of production at Jiama Mine, the Company is withdrawing its annual production guidance for 2023 as set out in the announcement of the Company dated January 20, 2023. Once the impact of tailings overflow on the operation can be more clearly evaluated, the Company will re-issue the production guidelines. However, the Company notes that production operations at the Company's CSH gold mine are normal and stable. Upcoming Dividend • Apr 12
Upcoming dividend of US$0.37 per share at 7.5% yield Eligible shareholders must have bought the stock before 19 April 2023. Payment date: 15 June 2023. Trailing yield: 7.5%. Within top quartile of Canadian dividend payers (6.2%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$5.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Metals and Mining industry in Canada. Total returns to shareholders of 832% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: US$0.56 (down from US$0.67 in FY 2021). Revenue: US$1.10b (down 2.8% from FY 2021). Net income: US$222.7m (down 17% from FY 2021). Profit margin: 20% (down from 24% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
China Gold International Resources Corp. Ltd. Provides Consolidated Production Guidance for the Year 2023 China Gold International Resources Corp. Ltd. provided consolidated production guidance for the year 2023. For the period, the company anticipated consolidated gold production will be between 241,130 ounces (7.5 tonnes) and 244,346 ounces (7.6 tonnes). Total copper production is estimated to be between 189 million pounds (86,000 tonnes) and 191 million pounds (87,000 tonnes). Buying Opportunity • Dec 03
Now 21% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be CA$4.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.9% in 2 years. Earnings is forecast to grow by 38% in the next 2 years. 