China Gold International Resources (CGG) Q2 2025 earnings summary

Executive summary

• Achieved record high quarterly net profit in Q2 2025, reversing a net loss from the prior year.

• Significant growth in both gold and copper production year-over-year.

• Strong operational execution credited for financial and production achievements.

Financial highlights

• Q2 2025 revenue rose 108% to $307.3M from $148.0M in Q2 2024.

• Q2 2025 net profit reached $116.3M, up $121.1M from a $4.8M net loss in Q2 2024.

• First half 2025 revenue increased 178% to $580.4M from $208.5M year-over-year.

• First half 2025 net profit was $202.3M, up $233.2M from a $30.9M net loss in the prior year.

• Cash flow from operations for H1 2025 was $334.8M, up from $88.1M in H1 2024.

Segment performance

• Total gold production in Q2 2025 increased 38% to 43,403 ounces year-over-year.

• Total gold production for H1 2025 rose 69% to 88,200 ounces from 52,087 ounces in H1 2024.

• Copper production in Q2 2025 was 39.7M lbs, up from 18.6M lbs in Q2 2024.

• Copper production for H1 2025 reached 77.0M lbs, up from 23.3M lbs in H1 2024.