China Gold International (02099)'s third-quarter sales revenue of US$454 million increased 32% year-on-year

According to Zhitong Finance App, China Gold International (02099) announced that in the third quarter of 2026, sales revenue will increase 32% to US$454 million from US$345 million in the same period in 2025. The mine's operating profit was US$297 million, an increase of US$100 million over the mine operating profit of US$197 million for the same period in 2025. Net profit was US$254 million, up US$112 million from US$142 million in the same period in 2025. Cash flow from operating income increased from US$235 million in the same period in 2025 to US$334 million. Total gold production increased 2% to 41,900 ounces from 412,000 ounces in the same period in 2025. Total copper production was 42.29 million pounds (about 19,184 tons), a slight decrease from 42.34 million pounds (about 19,184 tons) in the same period in 2025.

In the first three quarters of 2026, sales revenue increased 48% to US$1,368 million from US$925 million in the same period in 2025. The mine's operating profit was US$917 million, an increase of US$443 million over the mine operating profit of US$474 million for the same period in 2025. Net profit was US$766 million, up US$422 million from US$345 million in the same period in 2025. Cash flow from operating income was US$890 million, up from US$570 million in the same period in 2025. Total gold production decreased by 12% to 114,200 ounces from 129,400 ounces in the same period in 2025. Total copper production was 121 million pounds (about 54,855 tons), a slight increase from 119 million pounds (about 54,127 tons) in the same period in 2025.

Mr. Hou Chenguang, Chairman and CEO of the company, commented, “In the first nine months of 2026, the company and management team showed strong flexibility and decision-making power in a complex and changing mining environment, and successfully achieved significant improvements in operational efficiency. Despite facing multiple operational challenges, the company has shown outstanding resilience and strategic execution. Looking ahead, the company will continue to focus on three key areas: strategic project development, technology upgrading and digital transformation, and optimizing exploration and development strategies. I believe that the company will continue to lead the industry in endogenous growth and sustainable development, and insist on creating shared value for all shareholders.”