China Gold produces of 234,667oz

China Gold International Resources said 2017 Production of Gold reached to 186,957 ounces from the Chang Shan Hao Gold Mine, slightly increased from 185,052 ounces produced in 2016 while gold production of 47,710 ounces from the Jiama Copper-Gold Polymetallic Mine, representing an 82% increase compared to 2016.

 

The Company’s consolidated gold production from both mines was 234,667 ounces, exceeding previously announced annual production guidance of 218,700 ounces by 15,967 ounces or 7%.The Company’s CSH Mine is expected to produce about 112,000 ounces of gold in 2018.The Company’s consolidated gold production from both mines will be 160,000 ounces in 2018.

 

Mr. Bing Liu, CEO of the Company, commented, "The Company is pleased to commence commercial production at Phase II Series I of the Jiama Mine expansion and is pleased to hit its production targets for 2017.  For 2018 the Company will benefit from the expansion at Jiama and will continue to work through the challenges at CSH to deliver value to shareholders. ”

 

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