<div id="readability-page-1">China Gold International Resources Corp. Ltd. (2099.HK) announced on Friday its revenue rose 66% year-on-year to a record $453 million in the first quarter, while its net profit surged 175% to an all-time high of $236 million, marking the company’s first quarterly profit above $200 million. During the period, China Gold’s total gold production fell 22% year-on-year to 34,820 ounces. But soaring gold prices lifted the average realized gold price for its Chang Shan Hao mine from $2,886 per ounce to $4,832. Total copper production edged up slightly to 37.5 million pounds, while the average realized copper price at the company’s Jiama mine rose from $2.54 per pound to $4.54. Mine operating earnings increased 149% year-on-year to $293 million, while the ratio of sales costs to revenue fell from 57% to 35%. Management said the strong results were driven mainly by high metal prices, which supported strong revenue and profit growth. Higher by-product revenue from the Jiama mine, along with lower financing costs, also contributed. The company’s stock opened higher on Friday but later turned lower and traded at HK$164.2 by the midday break, down 0.24%. By Lee Shih Ta To subscribe to Bamboo Works weekly free newsletter, click here</div>

中国黄金国际

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中国黄金国际资源公司周五宣布，第一季度收入同比增长 66%，达到创纪录的 4.53 亿美元，净利润激增 175%，创下 2.36 亿美元的历史新高。这是该公司首次季度利润超过 2 亿美元。尽管黄金产量同比下降 22% 至 34,820 盎司，但金价飙升使得长山浩矿的平均实现金价从每盎司 2,886 美元升至 4,832 美元。

BRIEF: China Gold International’s records record profit in first quarter