China Gold International Resources Corp. Ltd. provides earnings guidance for the six months ended June 30, 2023. The board of directors of the company informed the shareholders and potential investors of the company that based on its latest preliminary assessment of the company's currently available unaudited condensed consolidated management accounts for the six months ended June 30, 2023, it is expected that the company's net profit for 2023 first half will decrease by approximately 83% to 88% compared to the net profit of USD 154 million in the same period in 2022.

The expected decrease in net profit is mainly attributable to the suspension of the production of the Jiama Mine since March 27, 2023 due to the overflow at the Guolanggou tailings pond. As a result of the suspension, the company did not record any sales from Jiama Mine during the three months ended June 30, 2023, leading to a sharp decline in the company's net profit in second quarter of 2023. The company has withdrawn its annual production guidance for 2023 on May 5, 2023.

The company will re-issue production guidance once the full impact of the overflow on the operations of the Jiama Mine is known and the production resumes.