"We have successfully overcome unfavourable factors, such as the COVID-19 pandemic, carefully organised production and continuously improved the quality of operations," the miner's chairman and CEO Liangyou Jiang said on January 19.
Consolidated gold production from the company's two mines was about 244,345 ounces last year, which beat guidance by 4%, and consolidated copper production of around 191 million pounds was 7% ahead of the outlook.
The 2021 guidance was maintained throughout the year.
For 2022, China Gold has provided gold and copper guidance of between 241,130-250,775oz and 187-198Mlb, respectively. The mid-points of 245,952.5oz and 192.50Mlb are about 1% above the preliminary 2021 volumes.
China Gold's two mines are the CSH gold mine in the Inner Mongolia Region and the Jiama copper-polymetallic mine in the Tibet Region. They began commercial production in 2007 and 2010, respectively.
China Gold was trading at C$3.57/share on the Toronto Stock Exchange as of January 20, which is up from C$3.3/share a week earlier. The company is also listed on the Hong Kong Stock Exchange.
China Gold plans to report its 2021 annual financial statements by the end of March.
