China Gold International Resources Corp. Ltd.

Notable vs. Peers

• Jurisdiction risk score of 4/10 is meaningfully riskier than the peer average of 7.8/10.
• All-in sustaining cost of $1,148/oz is 42% lower than the peer producer average of $1,965/oz.
• Trading within 4% of its 52-week high — strong recent price momentum.

Lifecycle Milestones

1. Permit granted

   Aug 2006 · China Gold International's own NI 43-101 Technical Report for the CSH (Chang Shan Hao) Gold Property (dated 17 March 2022), same source and same direct-extraction method as this miner's CONSTRUCTION_START row: 'In August 2006, Ningxia Pacific obtained the first mining license, and trial production at a capacity of 20,000 tpd commenced in July 2007.' Month precision only (exact day not given). This resolves a citation gap Task #612 had already identified (~2006, REACHED-BUT-UNDATED) but explicitly declined to write, having found 'no URL for either CGG entry (source PDFs were tooling-unparseable)' -- this pass's direct pdftotext extraction of the primary PDF succeeded where Task #612's tooling did not. · Source
2. Construction decision (FID)

   Reached — date not disclosed · No standalone 'board approves construction' release was found (CSH was developed by Jinshan Gold Mines Inc., China Gold International's predecessor, well before the current corporate name). The earliest confirmable evidence of committed, capital-backed construction is Jinshan's own Feb 16, 2006 press release ('Construction and Mine Permitting Scheduled for Planned 2006 Start-up of Commercial Gold Mining Operations at Jinshan's CSH 217 Project'), read directly from the source PDF: four key mine construction and excavation contracts were 'already underway' as of that date -- crushing-plant construction, process-plant foundation excavation (~70% complete), heap-leach pond excavation (~30% complete), and a modular process plant on order from Summit Valley Engineering (Utah) for May 2006 shipment -- all ahead of the mining permit itself, which the release states was still pending State/Provincial approval (expected Q2 2006) at that time. This confirms the company had already committed capital to construction no later than mid-February 2006, consistent with the Sept 2005 pre-feasibility study and a subsequent private-placement financing referenced in Jinshan's July 2006 Annual Information Form. Recorded reached-but-undated, no later than Feb 16, 2006, in the absence of a discrete sanctioning announcement. · Source
3. Construction start

   Mar 2004 · China Gold International's own NI 43-101 Technical Report for the CSH (Chang Shan Hao) Gold Property (dated 17 March 2022): 'In March 2004, Pacific Minerals Inc. was named to Jinshan Gold Mines, actually managed by Ivanhoe, and mine construction at the CSH Gold Project kicked off.' Independently corroborated in the same report's Section 1 summary: 'The mine construction began in March 2004, and the trial production at a capacity of 20,000 tonnes per day ("tpd")... commenced in July 2007.' CSH is China Gold International's original/oldest producing asset, the same anchor already used for this miner's on-file FIRST_PRODUCTION row (2008-07-01, commercial production at CSH). Month precision only (exact day not given). CAVEAT: the report PDF exceeds standard web-fetch render limits and the equivalent SEC EDGAR copy 403's (the same sec.gov bot-wall this project has hit repeatedly); the quotes above were extracted directly from the primary PDF via a local text-extraction pass, not a search-engine summary. [Task #697 chronology ruling, 2026-08-25] NOT A DATE ERROR -- and this one is disclosed by the company itself. Task #696's permit rule flags PERMIT_GRANTED (2006-08-01, first mining licence) as postdating this 2004-03-01 construction start, on the reasoning that building without the legal right to build is what permits exist to prevent. At CSH it demonstrably happened, and China Gold International's own NI 43-101 is the source for BOTH dates -- the same document, the same extraction pass, quoted in both notes. It is independently corroborated from a second primary source in this miner's CONSTRUCTION_DECISION note: predecessor Jinshan Gold Mines' 16 Feb 2006 release lists four construction contracts already underway (crushing plant, process-plant foundations ~70% excavated, heap-leach ponds ~30%) while stating the mining permit was still pending State/Provincial approval. Construction proceeding under provincial approvals ahead of the formal mining licence is normal practice in that jurisdiction and was openly disclosed. Neither date should move. Flagged for a reviewed exception (key: PERMIT_GRANTED_AFTER_CONSTRUCTION_START); not added here because the rules file was under concurrent edit. · Source
4. First pour / production

   Jul 2008 · Commercial production commenced at the CSH (Chang Shan Hao) Gold Mine, Inner Mongolia -- China Gold International's original/oldest asset -- on 1 July 2008, following trial gold production that began in July 2007. (Jiama, the company's other and larger mine in Tibet, reached commercial production later, in September 2010, following its Dec 2010 100%-acquisition-completion timeline -- CSH is the earlier, cleaner match to this gate.) · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: the company operates two producing mines with separate histories -- the CSH gold mine (Inner Mongolia) and the Jiama copper-gold-silver polymetallic mine (Tibet), each independently developed/acquired at different times. The company reported a new record high in revenue and net profit for Q2 and H1 2026 (results released within the reporting period), and issued 2026 annual production guidance for both mines (Jiama: 140-149M lbs copper, 70.7-75.6koz gold; CSH: 70.7-83.6koz gold), confirming ongoing commercial production at both sites. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.