CSH mine receives prestigious Chinese industry recognition

first_imgChina Gold International Resources’ CSH mine was named among the ‘Top 10 Producing Gold Mines in China’ and ‘Top 10 Economic Performance Gold Mines in China’ in 2014 by the China Gold Association. CSH mine was ranked No. 5 in the top 10 producing gold mines list and No. 9 in the top 10 economic performance list. This is the second time the mine receives this honour since 2013.In 2008 China National Group (CNG) became a shareholder of the CSH mine and turned the operation into a consistently profitable and growing gold mine. Gold production at CSH increased from 1.77 t in 2008 to 5.1 t in 2014; revenues increased from 352 million RMB in 2008 to 1.178 billion RMB in 2014; net income reached 304 million RMB in 2014 and gold resources increased from 55.96 t in 2008 to 126.6 t in 2014.China Gold International Resources is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH mine in Inner Mongolia, and the Jiama copper-polymetallic mine in the Tibet Autonomous Region of China. The company’s objective is to continue to build value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally.last_img read more