CHINAGOLDINTL (02099) Q3 sales revenue US$454 million, up 32% year on year

CHINAGOLDINTL (02099) announced that in Q3 2026, sales revenue increased 32% to US$454 million from US$345 million in the same period of 2025. Mine operating earnings were US$297 million, an increase of US$100 million from mine operating earnings of US$197 million in the same period of 2025. Net profit was US$254 million, an increase of US$112 million from US$142 million in the same period of 2025. Cash flow from operations increased to US$334 million from US$235 million in the same period of 2025. Total gold production increased 2% to 41,900 ounces from 41,200 ounces in the same period of 2025. Total copper production was 42.29 million pounds (approximately 19,184 tonnes), a slight decrease from 42.34 million pounds (approximately 19,204 tonnes) in the same period of 2025. For the first three quarters of 2026, sales revenue increased 48% to US$1.368 billion from US$925 million in the same period of 2025. Mine operating earnings were US$917 million, an increase of US$443 million from mine operating earnings of US$474 million in the same period of 2025. Net profit was US$766 million, an increase of US$422 million from US$345 million in the same period of 2025. Cash flow from operations was US$890 million, an increase from US$570 million in the same period of 2025. Total gold production decreased 12% to 114,200 ounces from 129,400 ounces in the same period of 2025. Total copper production was 121 million pounds (approximately 54,855 tonnes), a slight increase from 119 million pounds (approximately 54,127 tonnes) in the same period of 2025. Mr. Hou Chenguang, Chairman and Chief Executive Officer of the Company, commented: "In the first nine months of 2026, the Company and its management team demonstrated strong flexibility and decision-making in a complex and ever-changing mining environment, successfully achieving significant improvements in operational efficiency. Despite facing multiple operational challenges, the Company has demonstrated outstanding resilience and strategic execution. Looking ahead, the Company will, as always, focus on three key areas: strategic project development, technological upgrading and digital transformation, and optimizing exploration and development strategies. I firmly believe that the Company will continue to lead the industry with endogenous growth and CKH HOLDINGS sustainable development, and remain committed to creating shared value for all shareholders."