China Gold International Resources Corp Ltd is an exploration company focused on gold production.
The company’s portfolio of assets includes an interest in two China-based producing mines: Jiama Mine and CSH Gold Mine.
The CSH Gold Mine is the largest open pit, producing mine in the Inner Mongolia region. It is known to produce large, bulk-tonnage and low-grade gold deposits. In addition, the mine produces gold ore bars with silver as a byproduct, the company claims. In addition, the facility has an established infrastructure, access to roads, water supply, power, and a local labor force. The company claims that the mine’s processing capacity is 30,000 tons per day and reportedly produced 146,805 ounces of yellow metal in 2019.
The Canada-based company is an international listed vehicle of China National Gold (CNG) that holds 40.01 percent interest in the organization.
The Tibet-based Jiama mine is a copper and gold polymetallic mine. The open-pit underground mine has a life of 35 years and a mineral processing capacity of 50,000 tons per day, with copper, silver, and gold as principal products.
The proven and probable reserve of contained gold in the CSH Gold and Jiama Mine is 3.7 million ounces, and indicated and measured resources are 7.37 million ounces, the company claims.
In addition, the total proven or probable copper reserve at Jiama’s Copper mine is 5.40 billion pounds of contained copper and 12.95 billion pounds of measured and indicated contained copper resource, the China-based mineral company.
The company’s controlling shareholder is China National Gold Group, which is reportedly China’s largest gold producer. It is a vertically integrated company that operates through its overseas-listed vehicle.
China Gold International claims to focus on corporate social responsibility standards and abide by standard health, safety, and environment norms.
The company through its controlling shareholder has access to preferential rights, acquisition targets, and technical operating expertise.