China Gold International Resources Corp. Ltd. · HKEX:2099
China Gold International Resources — Q3 2022 Earnings Presentation
30 slides from China Gold International Resources's earnings presentation, November 2022
Slide 1: Sustainable Growth Based on Strong Fundamentals
1 Sustainable Growth Based on Strong Fundamentals 2022 Q3 Results November 2022
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation contains “forward looking statements” within the meaning of the United States private securities litigation reform act of 1995 and “forward looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking state
Slide 3: Content
content 3 Overview 2022 Quarter 3rd Results Key Operational Metrics Company Advantages
Slide 4: Overview
Overview 4 China Gold International is listed on TSX and HKEX market ⚫ Own and operate two stable producing gold and copper-gold mines，with over gold resources more than 11.52 million ounces (358 tonnes), total copper resources is more than 6.91 million tonnes ; 2021 gold and copper annual productio
Slide 5: Overview (Cont'd)
Overview（Cont’d） 5 An undervalued mid-tier mining company Major Shareholders 40.01% China National Gold Group Co.Ltd TSX 2.83% Dimensional Fund Advisors. Listing CGG 1.32% Mirae Asset Global Investments 0.22% Invesco Hong Kong HKEX 0.14% MD FINANCIAL MANAGEMENT INC Listing 2099.HK 0.1% Huang Shang M
Slide 6: 2022 Quarter 3 Results
6 Overview 2022 Quarter 3rd Results Key Operational Metrics Company Advantages
Slide 7: 2022 Quarter 3rd Results
2022 Quarter 3rd Results 7 Growing under challenging market condition September 30, September 30, Increase 2022 2021 /Decrease ⚫ In an overall challenging environment of falling Revenues 255 248 3%↑ copper prices dropping 15% from peak of (US$ MM) $4.5/lb in Q1, revenue still increased by 3% to US$
Slide 8: 2022 Quarter 3rd Results (Cont'd): Stable Production
2022 Quarter 3rd Results (Cont’d) 8 Stable Production Copper Production (Tonnes) Gold Production（Ounces） 21,254 57,288 ⚫ Total gold production of 54,734 18,947 +12% -4% 54,734 ounces in Q3, decreased by 4% from 57,288 ounces for the same period in 2021; ⚫ Total copper production in Q3 increased by 1
Slide 9: A decade of successful net profit growth
2022 Quarter 3rd Results (Cont’d) 9 A decade of successful net profit growth ⚫ Revenue increased by 3% to US$851.0 million from US$825.3 million for the same period in 2021 ⚫ Revenues continues to maintain robust growth 2012-2022 Revenues (US$ MM) 1,137 864 851 657 571 412 332 340 339 303 278 2012 2
Slide 10: Profitability Expected to grow
2022 Quarter 3rd Results (Cont’d) 10 Profitability Expected to grow ⚫ Profitability maintained upward trend Net Profit（US$ MM） 268.7 ⚫ The net profit for 2022 YTD Q3 was US$ 177 million, almost the same as 176.9 the same period in 2021 if excluding the 113.9 foreign exchange loss of US$32.5 million
Slide 11: Strong and reliable cashflow
2022 Quarter 3rd Results (Cont’d) 11 Strong and reliable cashflow Cumulative Net Cash Flows From 358.22 Operating Activities (US$ MM) 417.27 ⚫ 2022 YTD Q3 Cumulative Net Cash Flows From Operating 260.46 Activities of US$ 358 Million， 1779.3 86% of the year of 2021. 158.31 154.94 98.55 77.13 93.79 66
Slide 12: Healthy financial position
2022 Quarter 3rd Results (Cont’d) 12 Healthy financial position Total Assets Total Liabilities Debt to Asset Ratio （US$ MM） （US$ MM） (US$ MM) -12.5% 3,257 44% -5% 42% 1,424 -8% -4% 1,315 3,141 2021 YTD Q3 2022 YTD Q3 2021 2022 2021 YTD Q3 2022 YTDQ3 YTD Q3 YTD Q3 ⚫ Cash Balance as of September 30, 2
Slide 13: Content
content 13 Overview 2022 Quarter 3rd Results Key Operational Metrics Company Advantages
Slide 14: Jiama Copper-Gold Polymetallic Mine
14 Jiama Copper-Gold Polymetallic Mine
Slide 15: Jiama Copper-Gold Polymetallic Mine
Jiama Copper-Gold Polymetallic Mine 15 Abundant resource to back large-scale production RESOURCES Grade Contained Metal LOCATION 矿石 Cu Mo Pb Zn Au Ag Cu Mo Pb Zn Au Ag 68 km NE of Types (百万吨) (%) (%) (%) (%) (g/t) (g/t) (kt) (kt) (kt) (kt) (Moz) (Moz) Lhasa, Tibet Measured 92.99 0.38 0.04 0.04 0.02
Slide 16: Processing metrics keep improving
Jiama Copper-Gold Polymetallic Mine (Cont’d) 16 Processing metrics keep improving Ore Mined（Tonnes） Copper Recovery Rate +9% 13,241,3 ⚫ The ore mined for 2022 YTD 12,190,307 36 84% +1% 85% Q3 increased to 13.24 million tonnes, increased by 9%； ⚫ Stable recovery rates for copper, gold, and silver are
Slide 17: Dynamic head grade control to maximize mine economics
Jiama Copper-Gold Polymetallic Mine (Cont’d) 17 Dynamic head grade control to maximize mine economics September September Change of Head Grade 30, 30, Grade 2022 2021 exploited Copper(%) 0.57 0.63 -10%↓ Gold(g/t) 0.24 0.29 -17%↓ ⚫ With higher average copper price first half of 2022, the Silver(g/t)
Slide 18: Jiama Copper-Gold Polymetallic Mine (Cont'd)
Jiama Copper-Gold Polymetallic Mine (Cont’d) 18 Copper Production Gold Production Silver Production （Tonnes）64,532 （Ounces） (Ounces) 65,013 -1% 4,261,370 76,804 -10% -43% 68,814 2,412,857 ⚫ The lower grade ores are mined and 2021 YTD Q3 2022 YTD Q3 2021 YTD Q3 2022 YTD Q3 2021 YTD Q3 2022 YTD Q3 pro
Slide 19: Cost Analysis
Jiama Copper-Gold Polymetallic Mine (Cont’d) 19 Cost Analysis Total Copper Production Cash costs for per. Pound By-Product Credits（US/LB） Cost （US /LB） （US/LB） 1.70 +8% 3.08 2.85 +8% 2.41 -35% 2.21 1.10 2021 YTD Q3 2022 YTD Q3 2021 YTD Q3 2022 YTD Q3 2021 YTD Q3 2022 YTD Q3 ⚫ Copper production cost
Slide 20: CSH Gold Mine
= PHREERARARAA) China Gold International Resources Corp .Ltd CSH Gold Mine
Slide 21: One Of China's Largest Gold Mines
CSH Gold Mine 21 One Of China’s Largest Gold Mines CSH MINE RESOURCES Quantity Grade Metal Metal Location Resources （Mt） （g/t） （T） （Moz） Remaining Measured 23.59 0.65 15.42 0.50 within the COMMODITIES open pit limit Indicated 23.79 0.68 16.13 0.52 Gold dore with at a cut-off Total M&I 47.38 0.67 31.
Slide 22: Significant potential for mine life extension at existing asset
CSH Gold Mine (Cont’d) 22 Significant potential for mine life extension at existing asset Measured + Indicated Gold Resources （Tonnes） 142.25 The current phase of exploration Extension of exploration +141% August 24 2022 work have been completed and permit has been obtained the technical data has be
Slide 23: Operation continue to improve
CSH Gold Mine (Cont’d) 23 Operation continue to improve Stripping Ratio Ore mined 3.34 （ million T ） -4% 11.43 11 -67% 1.09 2021 2022 YTD YTD 2021 YTD Q3 2022 YTD Q3 Q3 Q3 Grade（g/t） Accumulated Recovery 0.63 Rate 0.53 +26% 54.98% +0.15% 55.06% +19% 2021 2022 YTD YTD Q3 Q3 2022 YTD Q2 2022 YTD Q3
Slide 24: Cost Continue to drop
CSH Gold Mine (Cont’d) 24 Cost Continue to drop Gold Production Total cost （US$/oz） Cash Cost（US$/oz） （Ounces） 977 105,230 +12.6% +5% 110,030 1,521 -4% -12% 1,461 856 2021 YTD Q3 2022 YTD Q3 2021 YTD Q3 2022 YTD Q3 2021 YTD Q3 2022 YTD Q3 ⚫ The gold production from 2022 YTD Q3 has increased dramatic
Slide 25: Content
content 25 Overview 2022 Quarter 3rd Results Key Operational Metrics Company Advantages
Slide 26: Company Advantages
Company Advantages 26 Special Investment Advantages • The CGG is the only oversea • Jiama has reached fully production capacity， flagship of China National Gold and continues to improve efficiency of overall Group, and has unconditional resources; CSH gold mines focus on the global support from larg
Slide 27: Ability to Raise Sizable Financing at Low Cost
Company Advantages (Cont’d) 27 Ability to Raise Sizable Financing at Low Cost In 2015, the Group received a In 2020,a loan of aggregate syndicated credit of RMB3.98 principal amount of RMB billion (US$613 million) led by Bank 400 million from China of China, with the interest rate of BBB- Developmen
Slide 28: More Responsible And Sustainable Mining Company
Company Advantages (Cont’d) 28 More Responsible And Sustainable Mining Company ⚫ Continuous to publishing Corporate Social Responsibility report and ESG report； ⚫ 2021 ESG has published, and comprehensively explain that company’s keep high standard of technology innovation, safety production, enviro
Slide 29: M&A Strategy
M&A Strategy 29 Prudently Select the M&A Project With Strong Support From Major Shareholder PROJECT PHASE TARGET GEOGRAPHY TARGET • Mines at operating stage with ramp up • Established Mining jurisdictions potential or near production • Stable political environment • Mature exploration or high qualit
Slide 30: TSX: CGG | HKEX: 2099
30 联系我们 TSX: CGG | HKEX: 2099 info@chinagoldintl.com www.chinagoldintl.com
China Gold International Resources — Q3 2022 Earnings Presentation on 6ix