The new report is titled, 'Anticipate Improving Profitability on Higher Gold Prices.'
Report excerpt: 'China Gold reported resilient Q4 and full-year 2022 results despite the negative impact of COVID-19 restrictions and volatile metal prices. CGG missed its 2022 gold production guidance but reported copper production in line with the stated guidance.
CGG continues to focus its efforts on optimizing the operation at both mines, stabilizing the
Given strong free cash flow generation, we expect CGG to continue to return capital to shareholders and pursue opportunistic M&A.
On a forward basis, investors can expect CGG to offer exposure to improved earnings leverage as market gold prices continue their upwards tear, whilst also providing diversification through exposure to key base metal volumes. CGG expects to produce 212,000 ounces of gold and 145 million pounds of copper in calendar 2020, offering investors production scale as well the opportunity for upside on ongoing exploration initiatives.'
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