China Gold International Resources (CGG) investor relations material

Executive summary

• Q3 revenue was US$453,993 thousand and profit was US$254,139 thousand; 9M revenue reached US$1,368,209 thousand and profit US$766,263 thousand.

• 9M operating cash flow was US$889,555 thousand; gold output declined YoY while higher realized metal prices drove revenue gains.

Financial highlights

• Q3 mine operating earnings were US$297,247 thousand vs US$197,033 thousand; 9M mine operating earnings were US$917,355 thousand vs US$474,083 thousand.

• 9M income from operations was US$849,291 thousand vs US$418,334 thousand; profit before tax was US$860,459 thousand vs US$388,472 thousand.

• Q3 operating cash flow was US$334.4M vs US$234.7M; 9M operating cash flow was US$889,555 thousand vs US$569,562 thousand.

• Cost of sales/revenue fell to 35% in Q3 from 43%, and to 33% for 9M from 49%.

• Basic EPS was 63.65 US cents in Q3 and 191.63 US cents for 9M, vs 35.60 and 86.13 US cents, respectively.

Outlook and guidance

• 2026 production guidance: CSH gold 70,732–83,592 oz; Jiama copper 140–149M lb, gold 70,732–75,554 oz and silver 4.18–4.82M oz.

• CSH open-pit mining resumed in October after remediation and safety review; underground transition construction has commenced as open-pit mine life nears its end.

• Jiama is operating at 34,000 tpd pending Youlongbu tailings facility completion, expected by end-2027; capacity is expected to rise to 44,000 tpd, with a potential return to 50,000 tpd subject to approvals.

• Strategic priorities include project development, technological advancement, digital transformation, exploration and development optimization, organic growth and international project opportunities.