中國黃金國際資源有限公司 China Gold International Resources Corp Ltd. ( 根據加拿大英屬哥倫比亞法例註冊的有限公司 ) 香港聯交所 股份代號 : 2099 多倫多交易所 股份代號 : CGG 2023 年度半年報 管理層討論與分析 前瞻性陳述 1 本公司 2 概覽 2 表現摘要 2 前景 3 經營業績 4 節選季度財務數據 4 節選季度生產數據及分析 4 季度數據回顧 6 非國際財務報告準則指標 8 礦物資產 10 長山壕礦 10 甲瑪礦區 12 流動資金及資金來源 16 現金流 17 經營現金流 17 投資現金流 17 融資現金流 18 產生的開支 18 產權比率 18 附屬公司、聯營企業與合資企業的重大投資、收購及處置，以及重大固定資產投資計劃 18 資產抵押 18 外匯匯率波動及相關避險交易影響 18 承諾 19 關聯方交易 19 建議交易 21 重要會計估計 21 會計政策變動 21 金融工具及其他工具 21 資產負債表以外安排 21 股息及股息政策 21 發行在外股份 22 披露監控及程序以及財務報告內部監控 22 風險因素 22 合資格人士 23 額外 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. 中 國 黃 金 國 際 資 源 有 限 公 司 （根據加拿大英屬哥倫比亞法例成立的有限公司） （香港股份代號：2099） （多倫多股份代號：CGG) 截至2023年6月30日止六個月 業績公告 | --- | --- | --- | |--------------------------|---------------------|-------------------| | | | | | | | | | | 2023 年 | 2022 年 | | | 截至 6 月 30 千美元 | 日止六個月 千美元 | | 銷售收入 | 325,794 | 596,015 | | 淨利潤 | 25,321 | 153,526 | | 每股基本盈利（仙） | 6.08 | 38.45 | | | | | | 經營活動所得的現金 ...

Financial Performance - Revenue decreased by 17% to $252.8 million from $304.0 million in the same period of 2022[6] - Net profit increased by 10% or $6.9 million to $78.7 million compared to $71.8 million in the same period of 2022[6] - Operating cash flow decreased by 21% to $127.7 million from $160.8 million in the same period of 2022[6] - Sales revenue for Q1 2023 decreased by 20.2% to $252.8 million from $304.0 million in Q1 2022[12] - Operating profit from mining decreased by 3% or $2.8 million to $102.7 million, while the percentage of operating profit to sales revenue increased from 35% to 41%[13] - The company reported a profit of $71,228 thousand for the three months ended March 31, 2023, compared to a profit of $77,779 thousand for the same period in 2022, showing a decrease of approximately 8.4%[58] - The total comprehensive income for the three months ended March 31, 2023, was $86,484,000, an increase from $81,609,000 in the previous year[53] - Basic earnings per share for the period were 19.62 cents, up from 17.97 cents in the same period of 2022[54] Production and Sales - Total gold production decreased by 10% to 52,827 ounces from 58,583 ounces in the same period of 2022[6] - Total copper production decreased by 9% to 44.1 million pounds (approximately 20,025 tons) from 48.3 million pounds (approximately 21,923 tons) in the same period of 2022[6] - Gold production at Changshanhao Mine decreased by 5% to 35,291 ounces in Q1 2023 compared to 37,276 ounces in Q1 2022[9] - Copper sales revenue for Q1 2023 was $136.58 million, down from $178.67 million in Q1 2022, representing a decrease of 23.5%[10] - Sales revenue from the Jiamar Mine was $186.4 million, a decrease of $47.9 million compared to $234.3 million in the same period of 2022[13] - The mining segment for gold generated revenue of $66,415,000, while the copper concentrate segment generated $186,363,000, indicating a significant contribution from copper operations[67] Costs and Expenses - Total production cost per pound of copper decreased by 13% to $2.83 in Q1 2023 from $3.25 in Q1 2022[10] - Cash production cost per pound of copper decreased by 17% to $2.12 in Q1 2023 from $2.58 in Q1 2022[10] - General and administrative expenses slightly decreased from $9.9 million in Q1 2022 to $9.6 million in Q1 2023 due to ongoing cost reduction efforts[13] - Research and development expenses decreased from $5.9 million in Q1 2022 to $4.6 million in Q1 2023, primarily due to the completion of multiple research projects in 2022[13] - The company incurred mining costs of $23.8 million, processing costs of $33.6 million, and transportation costs of $1.7 million for the three months ended March 31, 2023[36] Operational Challenges - The company has suspended operations due to tailings dam overflow and is currently assessing the impact on production[7] - The company has withdrawn its 2023 annual production guidance due to uncertainty regarding the resumption of operations[7] - The company is conducting a comprehensive repair and safety assessment of the tailings dam, expected to be completed by the end of July 2023[7] - The company’s operations at the Jiamar Copper-Gold Polymetallic Mine were temporarily suspended due to a tailings dam incident, with full restoration and safety assessments expected to be completed by the end of July 2023[60] Financial Position - The company has a cash balance of $553.0 million as of March 31, 2023, with total borrowings amounting to $842.7 million[31] - The total debt as of March 31, 2023, was $842.7 million, with a total equity of $1,842.8 million, resulting in a debt-to-equity ratio of 0.46, up from 0.44 as of December 31, 2022[36] - The company’s current liabilities totaled $798,957 thousand, up from $638,635 thousand, indicating an increase of approximately 25.1%[56] - The company’s retained earnings decreased to $501,260 thousand from $571,226 thousand, a decline of about 12.3%[56] Legal and Regulatory Matters - The company is currently facing a forced execution matter from a court ruling dated November 5, 2022, which remains unresolved as of the report date[93] - The company has been involved in litigation concerning the delivery of new properties since June 2021, with ongoing legal proceedings[93] - The company is actively monitoring the legal developments and has consulted external legal advisors regarding the ongoing litigation[93] Future Outlook - The company plans to implement geological exploration projects at the Jiamar Mine in 2023, including detailed surveys and sampling over 37.31 square kilometers[26] - The company anticipates that operating cash flow will be sufficient to cover planned capital expenditures and debt repayments over the next twelve months[31]

Financial Performance - Revenue for the quarter increased by 15% compared to the same period last year [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8% due to increased marketing and R&D investments [3]. Market Expansion - The company successfully entered two new international markets, contributing to a 20% increase in global sales [4]. - A new distribution center was opened in Europe to support the growing demand in the region [5]. - Strategic partnerships were formed with local retailers to enhance market penetration [6]. Product Development - Launched three new products, which accounted for 25% of total sales this quarter [7]. - R&D investment increased by 10% to accelerate innovation and product development [8]. - Customer feedback on the new product line has been overwhelmingly positive [9]. Operational Efficiency - Implemented new automation technologies, reducing production costs by 5% [10]. - Supply chain optimization led to a 15% reduction in delivery times [11]. - Employee training programs were expanded to improve operational efficiency [12]. Customer Satisfaction - Customer satisfaction scores reached an all-time high of 92% [13]. - The company introduced a new loyalty program, resulting in a 10% increase in repeat customers [14]. - Enhanced customer service protocols reduced average response time by 20% [15]. Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [16]. - Launched a new recycling program, diverting 50% of waste from landfills [17]. - Committed to achieving net-zero emissions by 2030 [18]. Financial Health - Total assets increased by 10% to $1.5 billion [19]. - Debt-to-equity ratio improved to 0.5, down from 0.7 last year [20]. - Cash flow from operations increased by 12%, providing strong liquidity [21]. Strategic Investments - Acquired a smaller competitor to expand market share and product offerings [22]. - Invested $50 million in a new technology startup to diversify revenue streams [23]. - Allocated $30 million for future acquisitions and strategic partnerships [24]. Employee Engagement - Employee turnover rate decreased by 5% due to improved workplace initiatives [25]. - Introduced flexible work arrangements, leading to a 15% increase in employee satisfaction [26]. - Launched a new leadership development program to nurture future leaders [27]. Regulatory Compliance - Successfully passed all regulatory audits with no major findings [28]. - Implemented new compliance training programs for all employees [29]. - Enhanced data security measures to meet new regulatory requirements [30]. Shareholder Value - Dividend payouts increased by 10% compared to the previous year [31]. - Share buyback program reduced outstanding shares by 5% [32]. - Stock price increased by 18% over the past quarter [33]. Risk Management - Established a new risk management framework to better identify and mitigate potential risks [34]. - Conducted comprehensive risk assessments across all business units [35]. - Increased insurance coverage to protect against unforeseen events [36]. Technology Innovation - Developed a proprietary AI platform to enhance customer insights and personalization [37]. - Invested $20 million in blockchain technology to improve supply chain transparency [38]. - Launched a mobile app to streamline customer interactions and transactions [39]. Corporate Social Responsibility - Donated $1 million to local communities through various CSR initiatives [40]. - Partnered with non-profits to support education and healthcare programs [41]. - Achieved a 100% score on the Corporate Responsibility Index [42].

中國黃金國際資源有限公司 China Gold International Resources Corp. Ltd. (Incorporated in British Columbia, Canada with limited liability) HK Stock Exchange Stock Code: 2099 Toronto Stock Exchange Stock Code: CGG ne 2022 年度報告 公司摘要 本公司 概覽 中國黃金國際資源有限公司（「中國黃金國際」或「本公司」）及其附屬公司（統稱「本集團」）為一家於 加拿大英屬哥倫比亞註冊成立的黃金及基本金屬礦業公司。本公司的主要業務涉及黃金及基本金 屬礦產的營運、收購、勘探及開發。本公司主要運營位於中國內蒙古自治區的長山壕金礦（「長山 壕金礦」或「長山壕礦」或「長山壕」）及位於中國西藏自治區的甲瑪銅金多金屬礦（「甲瑪礦區」或「甲 瑪礦」）。中國黃金國際持有長山壕金礦的96.5%權益，而中方合營（「中外合作經營企業」）方則持 有其餘3.5%權益。長山壕金礦於2007年7月起進行黃金試生產，並由2008年7月1日起開始商業 生產。本公司於2 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，併表明概不就因本公告之全部或任何部份內容而產 生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. 中 國 黃 金 國 際 資 源 有 限 公 司 （根據加拿大英屬哥倫比亞法例成立的有限公司） （香港股份代號：2099） （多倫多股份代號：CGG) 截至2022年12月31日止年度 業績公告 | --- | --- | --- | |----------------------------|-----------------------|------------------| | | | | | 財務摘要 | | | | | 截至 12 月 31 2022 年 | 日止年度 2021 年 | | | | | | | 千美元 | 千美元 | | 銷售收入 | 1,104,949 | 1,137,356 | | 淨（虧損）收入 | 225,401 | 268,675 | | 每股基本（虧損）盈利（仙） | 56.19 ...

Financial Performance - In 2021, gold production reached 244,312 ounces, and copper production reached 86,400 tons, representing increases of 101.4% and 105.3% year-over-year, respectively[3]. - The company achieved a profit of $268.7 million, a 136% increase compared to the previous year[3]. - China Gold International reported a 2021 annual revenue of $1.2 billion, representing a 15% increase compared to the previous year[66]. - Revenue increased by 32% from $864.0 million in 2020 to $1,137.4 million in 2021[70]. - Mining operating profit rose by 93% from $209.9 million in 2020 to $404.1 million in 2021[70]. - Net profit increased by 136% from $114.0 million in 2020 to $268.7 million in 2021[71]. - Operating cash flow increased by 60% from $260.5 million in 2020 to $417.3 million in 2021[71]. - The company reported a 30% increase in net profit for the last quarter, totaling $30 million[9]. - The company reported a cash flow from operations of $300 million, reflecting a 20% increase year-over-year[66]. - The forecast for 2022 includes a revenue growth target of 10% driven by increased production and higher commodity prices[66]. Production and Operations - The Jiama Copper-Gold Polymetallic Mine has been in commercial production since July 2018 and is noted for its stable and efficient operations[3]. - The company aims to continue developing new resources and projects to support long-term goals[3]. - The company emphasizes production optimization, cost control, and technological innovation as key factors in its performance[3]. - The company reported a significant increase in production efficiency, achieving a 15% reduction in operational costs year-over-year[5]. - The production estimate for the Changshan Gold Mine is projected to be 150,000 ounces of gold in 2022, while the Jiama Mine is expected to produce 80 million pounds of copper[67]. - Gold production is expected to be between 241,130 ounces and 250,775 ounces in the upcoming year[72]. - Estimated total copper production is projected to be between 187 million pounds and 198 million pounds[72]. - The company continues to seek international mining acquisition opportunities to support growth strategies[72]. - The operations were not significantly impacted by the COVID-19 pandemic, maintaining uninterrupted operations and product sales[72]. Strategic Initiatives and Growth - The company has implemented a growth strategy focused on strategic acquisitions, leveraging international project channels from its major shareholder, China National Gold Group[2]. - The company is exploring potential acquisitions to enhance its market presence, with a target of completing at least two acquisitions in the next 12 months[9]. - The company has expanded its market reach into Southeast Asia, with a goal to capture 15% of the market share by the end of 2025[7]. - The company plans to invest $200 million in capital expenditures for mine development and expansion in the upcoming year[67]. - The company has declared dividends for the second consecutive year, demonstrating its commitment to returning value to shareholders[3]. Corporate Governance - The company has established various committees, including an audit committee, nomination and corporate governance committee, and a remuneration and benefits committee, all comprising independent non-executive directors[41]. - The independent non-executive directors confirmed their independence according to listing rules, ensuring no involvement in daily operations[42]. - The board has implemented a formal evaluation process for assessing the effectiveness of the board and individual directors[39]. - The company has adopted formal policies for disclosure, confidentiality, and securities trading to enhance governance practices[39]. - The board is responsible for monitoring the company's risk management and internal control systems, which are reviewed quarterly to ensure effectiveness and compliance with regulations[58]. Financial Position and Risks - The company has a total of 2,090 employees, with employee costs amounting to approximately $79.91 million, an increase from $59.89 million in 2020[30]. - The total debt as of December 31, 2021, was $970.6 million, with total equity of $1,833 million, resulting in a debt-to-equity ratio of 0.53, down from 0.77 as of December 31, 2020[101]. - The company faces several risks including fluctuations in metal prices, regulatory changes, and reliance on management, which could significantly impact its business and financial condition[115]. - The company has not recognized any impairment losses on its non-current assets as the recoverable amount is deemed higher than the carrying amount as of December 31, 2021[95]. - The company has a loan agreement with a total principal amount of RMB 3.98 billion (approximately $613 million) at an annual interest rate of 2.83%[96]. Environmental and Community Impact - The local community has benefited from the company's operations, sharing in the development outcomes and fostering harmonious coexistence[3]. - The company’s environmental policies and performance are outlined in the annual report[13]. - The company is committed to compliance with relevant laws and regulations that significantly impact its operations[13]. Research and Development - Investment in new technology development has increased by 25%, focusing on sustainable mining practices and resource optimization[8]. - Research and development expenses rose from $18.5 million in 2020 to $26.4 million in 2021, reflecting increased activities in recovery optimization[80]. Shareholder Engagement - The company is committed to timely disclosure of information to shareholders, with board members and senior management engaging with shareholders during the annual general meeting[63]. - Shareholders holding at least 20% of the issued shares have the right to request the convening of a shareholders' meeting[63]. - The company declared a special dividend of $0.25 per common share for the fiscal year ending December 31, 2021, to be paid on June 15, 2022[15].