China Gold International Resources (CGG) investor relations material

Executive summary

• Achieved record quarterly performance in Q1 2026, with net profit exceeding US$200 million for the first time and both revenue and net profit reaching historic highs, driven by operational efficiency and cost control.

• Revenue rose 66% year-over-year to US$453.2 million, supported by elevated metal prices and stable operations.

• Net profit margin surged to 52% in Q1 2026, reflecting robust profitability.

• Dividend payout ratio for 2026 set at 40%, including a 10% special dividend, underscoring a sustainable dividend policy.

• Management remains focused on operational efficiency and long-term value creation.

Financial highlights

• Net profit reached US$236.4 million, a 174% increase compared to Q1 2025.

• Operating profit rose 148% to US$293 million year-over-year.

• Operating cash flow for Q1 2026 was US$269 million, up 88% year-over-year.

• EBITDA for Q1 2026 was US$311 million; cumulative 10-year EBITDA reached US$3.5 billion.

• Mine operating earnings rose to US$292.8 million, up from US$117.7 million in Q1 2025.

Segment performance

• Jiama mine produced 21,058 ounces of gold and 37.54 million pounds of copper in Q1 2026, with significant cost reductions.

• CSH mine produced 21,354 ounces of gold in Q1 2026, with all-in sustaining cost rising 10% year-over-year to US$1,779/oz.

• Gold production decreased 22% year-over-year to 34,820 ounces.

• Copper production slightly increased to 37.5 million pounds from 37.3 million pounds in Q1 2025.