开源证券指出，中国黄金国际是中国黄金集团所属唯一海外上市平台。2024年，长山壕金矿经营相对稳定，而甲玛矿区则在年中实现复产，铜产量水平持续提升。该行预计公司全年金产量有望接近4.9万吨，铜金属产量有望达到4.45万吨，看好全年金、铜价格中枢上行，预计2024-2026年公司归母净利润分别为1.32、3.61、4.23亿美元。该行看好金价上行周期，考虑到公司甲玛金矿复产带来的铜、金增量，首予“买入”评级。China Gold International (02099) rose more than 6%. As of press release, it rose 6.75% to HK$40.35, with a turnover of HK$66.0934 million.
The Zhitong Finance App learned that China Gold International (02099) rose more than 6%. As of press release, it had risen 6.75% to HK$40.35, with a turnover of HK$66.0934 million.
According to the news, China Gold International announced preliminary production results for the full year 2024 and an overview of the long-term development plan for the Jiama mine. According to preliminary production results, the 2024 production of the Jiama mine will exceed the annual production guidelines, while the 2024 production of the Changshan Hou Gold Mine is in line with the annual production guidelines. The production of copper in the Jiama mine is about 0.102 billion pounds (about 0.0463 million tons), and the production of gold is about 0.05337 million ounces (about 1.66 tons); the Changshanchou mine produces about 0.1077 million ounces (about 3.35 tons) of gold. Furthermore, in 2024, the company successfully resumed stable production of the Jiama mine. At the same time, the company continues to optimize the comprehensive utilization plan of Jiama mine resources, integrate proven high-grade underground resources, and accelerate the exploration progress of potential new resources.
According to Open Source Securities, China Gold International is the only overseas listing platform belonging to China Gold Group. In 2024, the operation of the Changshanhao gold mine was relatively stable, while the Jiama mine resumed production in the middle of the year, and the level of copper production continued to rise. The bank expects the company's annual gold production to be close to 0.049 million tons, and copper metal production is expected to reach 0.0445 million tons. It is optimistic that the annual gold and copper prices will rise. The company's net profit to mother is expected to be 0.132, 0.361, and 0.423 billion US dollars respectively in 2024-2026. The bank is optimistic about the upward cycle of gold prices. Considering the increase in copper and gold brought about by the company's resuming production at the Jiama Gold Mine, it gave it a “buy” rating for the first time.
