CHINAGOLDINTL reports interim results with net profit attributable to owners surging 153.31% to approximately $507 million

Stock News
Aug 14

CHINAGOLDINTL (02099) has released its interim results for the year 2026, reporting sales revenue of approximately $914 million, a 57.52% increase year-on-year. Mine operating profit reached about $620 million, up 123.83% from the same period last year.

Profit attributable to owners of the company stood at approximately $507 million, representing a substantial 153.31% increase compared to the prior corresponding period. Earnings per share were 127.99 US cents. Total gold production fell 18% to 72,300 ounces, down from 88,200 ounces recorded in the same period of 2025.

Copper production totaled 78.6 million pounds (approximately 35,671 tonnes), a slight increase from 77 million pounds (approximately 34,924 tonnes) in the same period of 2025. Revenue from the Changshanhao mine was $224.5 million, an increase of $60.8 million compared to the first half of 2025.

The average realized gold price rose 52% to $4,703 per ounce for the first six months of 2026, up from $3,094 per ounce in the same period of 2025. Gold sales from Changshanhao were 47,724 ounces (gold production: 42,853 ounces), compared to 52,893 ounces (gold production: 45,829 ounces) in the prior year.

Revenue from the Jiama mine was approximately $690 million, an increase of $273 million year-on-year. The average realized copper price jumped 73% to $4.66 per pound for the first six months of 2026, compared to $2.70 per pound in the same period of 2025. For the six months ended June 30, 2026, total copper sales were 35,035 tonnes (77.2 million pounds), a 2% increase from 34,292 tonnes (75.6 million pounds) in the same period of 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10