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[Brokerage Focus] First Shanghai maintains a buy rating on Chinagoldintl (02099) as the resumption of production in the Jiaama Mining Area drives a gradual recovery in output.
Jinwu Finance | First Shanghai Research pointed out that in the first three quarters of 2024, China Gold International (02099) achieved revenue of 0.463 billion USD, a year-on-year increase of 19%; the net loss was 3 million USD, a decrease in losses of 2.5 million USD year-on-year. The company's sales cost increased by 30% year-on-year, mainly due to the one-time expenditure of 54.4 million USD recognized in the third quarter for mining rights from the past seven years. In the third quarter, benefiting from the simultaneous rise in gold and copper prices and quantities, the company achieved revenue of 0.255 billion USD, a year-on-year increase of 309%; net income was 27.9 million USD, reversing losses of 58.7 million USD.
[Hong Kong Stock Connect] chinagoldintl (02099) Q3 net income turned a profit year-on-year to 27.123 million US dollars.
Jingu Finance | chinagoldintl (02099) announces the performance for the third quarter of 2024. During the period, the profit attributable to owners of the company was 27.123 million USD, turning losses into gains year-on-year; basic earnings per share were 6.84 cents. The group's sales revenue was 0.255 billion yuan, a 308.47% year-on-year increase. The total gold production increased by 51% from 33,110 ounces in the same period of 2023 to 50,160 ounces. The total copper production was 38.3 million pounds (about 17,361 tons). Copper production was zero in the same period of 2023. In the first three quarters, the profit attributable to owners of the company was 455.
chinagoldintl's performance in the third quarter shows strong growth, with revenues skyrocketing by 309% year-on-year.
chinagoldintl (02099.HK) issued an announcement that in the third quarter of 2024, revenue increased by 309% year-on-year to 0.2546 billion USD; mining operation profit was 46.8 million USD, an increase of 61.1 million USD compared to a mining operation loss of 14.3 million USD in the same period of 2023; net income was 27.9 million USD, an increase of 58.7 million USD compared to a net loss of 30.8 million USD in the same period of 2023; operating cash inflow was 0.1562 billion USD, while the operating cash outflow in the same period of 2023 was 31.7 million USD. Gold production decreased from 2023.
chinagoldintl has appointed Hou Chengguang as executive director and chairman and chief executive officer.
Chinagoldintl (02099) announced that Mr. Hou Chenguang has been appointed as the executive director and chairman and chief executive officer of the company to fill the vacancy left by Mr. Tong Junhu's resignation, effective from November 14, 2024.
chinagoldintl (02099.HK): Hou Chengguang was appointed as an executive director and director chairman as well as chief executive officer.
Gelonghui November 15th, chinagoldintl (02099.HK) announced that Hou Chen Guang has been appointed as the company's executive director and chairman and CEO, to fill the vacancy left by Tong Junhu's resignation, effective from November 14, 2024.
chinagoldintl (02099.HK) plans to hold a board of directors meeting on November 14 to approve the third quarter performance.
Chinagoldintl (02099.HK) announced that the company will hold a board of directors meeting on Thursday, November 14, 2024, Beijing time, which is Wednesday, November 13, 2024, Vancouver time, to review and approve the third-quarter performance of the company and its subsidiaries for the nine months ending September 30, 2024.
Little Excitement Around China National Gold Group Gold Jewellery Co.,Ltd.'s (SHSE:600916) EarningsNo Data
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