China Gold International Resources Corp. Ltd. Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2019; Provides Production Guidance for the Year 2020
The company reported production results for the fourth quarter and full year ended December 31, 2019. For the quarter, the total gold production decreased by 18% to 52,075 ounces from 63,656 ounces for the same period in 2018. Total copper production decreased by 25% to 13,227 tonnes (approximately 29.2 million pounds) from 17,711 tonnes (approximately 39.0 million pounds) for the same period in 2018.
For the year, the company reported total gold production remained consistent at 215,000 ounces compared to 215,000 ounces for the same period in 2018. Total copper production increased by 14% to 62,533 tonnes (approximately 137.9 million pounds) from 55,025 tonnes (approximately 121.3 million pounds) for the same period in 2018.