China Gold Int (TSX: CGG) - Oh, now look at me and this opportunity
Matthew Gordon, Ptolemy Capital
2 Months ago
Interview with Jerry Xie, Executive Vice President of China Gold International Resources Corp. (TSX: CGG, HKSE: 2099)
China Gold is a big gold producer, with a secondary focus on Copper. The company orients itself around organic growth of its two large main gold and copper assets. It does have however very deep pockets if required for M&A. What we found particularly interesting was the companies approach to value. They can buy large-scale projects, but will not over pay. Now given the relatively cheap cost of the money available to them, paying a premium would not be out of the question, which could give them a competitive advantage.
Founded in 2000, China Gold International has 2 main assets. Its main project is the CSH gold mine, one of China's largest open-pit gold mines. And the extremely large Development play, Jiama Copper Mine. CSH is located in Inner Mongolia, China, the principal product is gold dore bars with silver as a by-product.
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