China Gold International Resources (CGG) Q1 2025 earnings summary

Executive summary

• Achieved the strongest first-quarter performance in company history, driven by operational improvements and favorable market conditions.

• Solid start to 2025 lays a strong foundation for full-year operations and reflects effective strategy and team dedication.

Financial highlights

• Revenue rose 351% year-over-year to US$273.1 million from US$60.5 million.

• Mine operating earnings reached US$117.7 million, reversing a US$11.5 million loss in Q1 2024.

• Net profit was US$86.0 million, up from a net loss of US$26.0 million in Q1 2024.

• Cash flow from operations was US$143.5 million, compared to cash used of US$7.2 million in Q1 2024.

Segment performance

• Total gold production increased 116% year-over-year to 44,797 ounces from 20,714 ounces.

• Total copper production rose to 37.3 million pounds (16,911 tonnes), up from 4.6 million pounds (2,093 tonnes) in Q1 2024.