China Gold International Resources (TSE:CGG) has released an update.
China Gold International Resources reported a substantial decline in their financial performance for 2023, with revenue dropping by 58% to US $459.4 million and a shift from a net income in 2022 to a net loss of US $23.0 million. The company also saw a significant decrease in gold and copper production, with gold output falling by 57% and copper production drastically reduced from the previous year. These results highlight challenges faced by the company in the past year, potentially impacting investor outlook.
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