The document provides an overview and results for China Gold International Resources for the first half of 2022. Some key points: - Revenues increased 3% to $596 million while net profits decreased slightly to $154 million. - Gold and copper production levels were maintained from 2021 levels through flexible production planning. - The company has over 9 million ounces of gold reserves and 6.9 million tons of copper reserves supporting long-term production. - Costs increased due to processing lower grade ores, but earnings remained stable due to higher metal prices.

1. 1
Improvement on Risk Resistance
Capacity，Maintain Stable and
Sustainable Development
August ,2022
2 0 2 2 I n t e r i m R e s u l t s

2. 2
Forward Looking Statements
This presentation contains “forward looking statements” within the meaning of the United States private securities litigation reform act of 1995 and
“forward looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking statements and information here
include but are not limited to statements regarding China Gold International Resources anticipated future performance, including precious metals and
base metals production, reserves and resources, timing and expenditures to expand mine and plant capacities and develop new mines, metal grades
and recoveries, cash costs and capital expenditures. Forward looking statements or information involve known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or achievements of China Gold International Resources and its
operations to be materially different from those expressed or implied by such statements. Such factors include, among others: fluctuations in metal
prices and currency markets; changes in legislation, policies, taxation, regulations; political or economic developments; management, operating or
technical risks, hazards or difficulties in exploration, development and mining activities; inadequate insurance, or inability to obtain insurance;
availability of and costs associated with mining inputs and labor; the speculative nature of mineral exploration and development, diminishing
quantities or grades of mineral reserves as properties are mined; the ability to successfully integrate acquisitions; risks in obtaining necessary
licenses and permits. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward looking statements or information, there may be other factors that cause results to be materially different from those anticipated,
described, estimated, assessed or intended. There can be no assurance that any forward looking statements or information will prove to be accurate
as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not
place un due reliance on forward looking statements or information. the company does not intend to, and does not assume any obligation to up date
such forward looking statements or information, other than as required by applicable law. We Seek Safe Harbor.

3. 3
content
Overview
Results of The First Half 2022
Key Operational Metrics
Company Advantages

4. 4
Overview
·
⚫ China largest gold producer —CGG is the only oversea flagship of China Gold
National Group Co. Ltd , the controlling shareholder is the stated owned
enterprise engage in gold industry;
⚫ Owned two stable producing gold and copper-gold mines，possess total gold
resources more than 9.08 million ounces (282 tons), total copper resources is
more than 6.91 million tons ; 2021 gold and copper production was 240,000
ounces(7.6 tons) and 86,000 tons, and other metal products; Exploration In-
depth along boundary for CSH gold mine made a huge progress, and expect
to extend mine life, the company shall announce update the latest
resources/reserve report;
⚫ The company enters a new stage of operation, and reached a record high of
performances; the net income reached US$270 million in 2021; The first half
of 2022 maintained a great momentum，and Net profits of US$ 154 million;
⚫ The company continues to create value to shareholders，a dividend of 0.25
per share, increased by 108% in comparison with 2021.
China Gold International is listed on TSX and HKEX market

5. 5
Overview（Cont’d）
·
⚫ Total common shares were 396 million，Total Market Cap was about 9.2 billion Hong Kong dollars；
⚫ According to the closing price of the Hong Kong market on August 16,2022, the company PE ratio is 4.13，
PB ratio was 0.6；
⚫ Award for Hong Kong Hang Seng Composite Index，the company stock entered Shen Zhen-Hong Kong
Stock Connection on March 2022.
Major
Shareholders
40.01% China National Gold Group Co.Ltd
2.60% Dimensional Fund Advisors.
1.17% Mirae Asset Global Investments
0.09% IFM - Independent Fund Management
0.07% American Century Companies Inc
56.06% other shareholders
Note：data from Bloomberg, August 2022
TSX
Listing CGG
HKEX
Listing 2099
Capital Structures

6. 6
Results of The First Half 2022
Company Advantages
Key Operational Metrics
Overview
content

7. 7
Performance
June 30,
2022
June 30,
2021
Increase
/Decrease
Revenues
(US$ MM)
596 577 3%↑
Mine Operation
Earnings
(US$ MM)
223.2 209.7 6%↑
Income From
Operation
(US$ MM)
193.3 181.7 6%↑
Foreign Exchange
Gain or Losses
(US$ MM）
-9.9 6.7 -248%↓
Net Profits
(US$ MM)
153.5 157.5 -3%↓
EPS
（US$ Cents）
38.45 39.57 -3%↓
⚫ Revenue increased by 3% to US$ 596
million from 2021 H1;
⚫ Mine operating earnings increased by
6%,increased to US$ 223 million;
⚫ Income from operations increased by 6%
to US$ 193 million;
⚫ Net income of US$ 154 million slightly
decreased in comparison with last year;
That is a non-operational loss mainly due
to exchange losses.
Results of The First Half 2022
The Overall Trend Maintain Stable Growth

8. 8
⚫ The gold production reached to 124,110
ounces ， and was parallel to 2021 H1
production；
⚫ Due to pro-active adjustment of production
plan and continuous to utilize of low grade
ores, the copper outputs was 43,279 tons，
and decreased by 6% in comparison with
2021 H1;
⚫ The company has confidence to complete
the 2022 production guidance.
Results of The First Half 2022 (Cont’d)
Flexible Adjustment of Production Plan，Maintain Stable
Outputs，Enhancement of Risk Resistance Capacity
46,066
43,279
2021 H1 2022 H1
Copper Production (Tons)
124,746 124,110
2021 H1 2022 H1
Gold Production（Ounces）

9. 9
332
303 278
340 339
412
571
657
864
1,137
596
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022H1
2012-2022 Revenues (US$ MM)
⚫ The first half of 2022 revenues maintained US$ 596 million，which
reached 52.4% of previous revenues；
⚫ Income demonstrated a good upward trend.
Results of The First Half 2022 (Cont’d)
Revenues Has Steadily Increased Over Past Ten Years

10. 10
Results of The First Half 2022 (Cont’d)
Profitability Is On the Growth Trend
56,967
100,697
52,235
58,776
71,801
81,724
2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2
Net Profits（US$ 000）
⚫ From beginning 2021 to
present ， the company
earnings has showed
overall growth trend;
⚫ Since Q3 2021,the metal
prices are staging at high
level, management adjust
the mining plan and
production, boosting the
utilization of low-grade ores,
preventing of the market
uncertainty and ensuring
steadily earnings.

11. 11
90.79
93.79 2.97
66.87
77.13
98.55
154.94
158.31
260.46
417.27
268.4
1689.48
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022H1 Sum
⚫ Operational cash flow
from 2022 H1 has
reached US$ 268 million，
which is staged at 64% of
the year of 2021;
⚫ The company’s cash
flows from operation
activity has maintained
positive outcomes for past
ten years；
⚫ EBITDA for 2022 H1
reached 305 million, and
Surpassed to 2021 H1.
138.66
115.85 131.45
114.44 116.88
171.85
193.89
170.56
341.4
508.76
304.87
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022H1
Sufficient Operational Cash flows
Results of The First Half 2022 (Cont’d)
EBITDA( US$ MM)
Cumulative Net Cash Flow From Operation Activities（US$ MM)

12. 12
⚫ Cash Balance at December 31, 2022 was US$ 320 million ；
⚫ Total Liability was reduced by 16%；
⚫ Debt to Asset ratio was decreased to 42%，dropped 6% in comparison with 2021 H1，
decrease in 12.5%，which was remain in relative healthy position in industry.
3,336
3,207
2021 H1 2022 H1
Total Asset（US$ MM）
1,616
1,360
2021 H1 2022 H1
Total Liability
（US$ MM）
-16%
Results of The First Half 2022 (Cont’d)
Excellence n Financial Structure
-13%
48%
42%
2021 H1 2022 H1
Debt to Asset Ratio
-12.5%

13. 13
Results of The First Half 2022
Company Advantages
Overview
Key Operational Metrics
content

14. 14
Jiama Copper-Gold
Polymetallic Mine

15. 15
Grade Contained Metal
Types
矿石
(百万吨)
Cu
(%)
Mo
(%)
Pb
(%)
Zn
(%)
Au
(g/t)
Ag
(g/t)
Cu
(kt)
Mo
(kt)
Pb
(kt)
Zn
(kt)
Au
(Moz)
Ag
(Moz)
Measured 92.99 0.38 0.04 0.04 0.02 0.07 5.10 356.9 34.0 33.5 16.8 0.224 15.236
Indicated 1330.44 0.40 0.03 0.05 0.03 0.10 5.53 5306.6 456.0 613.1 380.0 4.315 236.515
Total M&I 1423.43 0.40 0.03 0.05 0.03 0.10 5.50 5663.5 489.0 646.6 396.8 4.539 251.752
Inferred 406.1 0.31 0.03 0.08 0.04 0.10 5.13 1247.0 123.0 311.0 175.0 1.317 66.926
JIAMA RESOURCES
Grade Contained Metal
Types Ore
(Mt)
Cu
(%)
Mo
(%)
Pb
(%)
Zn
(%)
Au
(g/t)
Ag
(g/t)
Cu
(kt)
Mo
(kt)
Pb
(kt)
Zn
(kt)
Au
(Moz)
Ag
(Moz)
证实 18.48 0.60 0.05 0.02 0.01 0.19 7.76 110.5 9.1 4.0 2.7 0.114 4.559
概略 356.44 0.60 0.03 0.12 0.07 0.16 10.25 2127.3 121.1 427.7 236.2 1.844 117.524
总计 374.92 0.60 0.03 0.12 0.06 0.16 10.13 2237.8 130.3 431.7 238.9 1.958 122.083
JIAMA RESERVES
Note: The Mineral Resources and Reserve data was modified as of December 31, 2021, under NI 43 101 rules
LOCATION
68 km NE of
Lhasa, Tibet
MINE OPERATION
Open pit and
underground
PROCESSING
CAPACITY
50,000tpd
MINE LIFE
Over 30 years
COMMODITIES
Copper, Gold, Silver, Zinc,
Lead and Molybdenum
Abundant Resource Reserves Support Long-term
And Large-scale Production
Jiama Copper-Gold Polymetallic Mine

16. 16
70% 71%
2021 H1 2022 H1
Gold Recovery Rate
64% 66%
2021 H1 2022 H1
Silver Recovery Rate
46%
22%
2021 H1 2022 H1
Moly Recovery Rate
8,115,282
8,739,722
2021 H1 2022 H1
Ore Mined（Tons）
83%
85%
2021 H1 2022 H1
Copper Recovery Rate
⚫ The ore mined for 2022
H1 increased to 8.74
million tons, and growth
by 7.7%；
⚫ The recovery rates for
copper, gold ,and silver
increased in comparison
with 2021 H1；
⚫ Processing plant II for
2022 begin to test
separation for copper
and moly; The recovery
rate for moly has not
reached to designed
targets, and Company
will continuous to
optimizing the target rate.
Jiama Copper-Gold Polymetallic Mine (Cont’d)
Capacity for Processing steadily upgrades Ores，All Metals
Recovery Rates Keep Improving
+2%
+1%
-52%
+3%

17. 17
⚫ Using of high metal price trend,
company continuously utilizes
the low grade ores, and
ensuring sustainable
production and development;
⚫ Keep selecting high grade
ores to adjust production
capacity.
Selected Grade 2022 H1 2021 H1
Increase/
Decrease
Copper(%) 0.58 0.68 -15%↓
Gold(g/t) 0.24 0.31 -23%↓
Silver(g/t) 9.19 20.17 -54%↓
Lead(%) -- 1.37 --
Zinc(%) -- 0.74 --
Moly(%) 0.025 0.022 14%↑
Jiama Copper-Gold Polymetallic Mine (Cont’d)
Taking Advantages Of High Metal Price,
Jiama Increase The Utilization Of Low Grade Ores

18. 18
Jiama Copper-Gold Polymetallic Mine (Cont’d)
Metal Outputs
46,066 43,279
2021 H1 2022 H1
Copper Production
（Tonnes）
57,354
48,226
2021 H1 2022 H1
Gold Production
（Ounces）
-16%
103
466
2021 H1 2022 H1
Moly Production
（Tonnes） 17,999
0
2021 H1 2022 H1
Zinc（Tonnes）
3,374,047
1,696,631
2021 H1 2022 H1
Silver Production
（Ounces）
-50%
+352%
38,172
0
2021 H1 2022 H1
Lead Production
（Tonnes）
⚫ Though adjustment of
mining operation from
2022 H1, Company
mainly mined and
processed low grades
ores excluding lead
and zinc.

19. 19
Jiama Copper-Gold Polymetallic Mine (Cont’d)
Cost Analysis
2.75
3.13
2021H1 2022H1
Total Production Cost
（US$/ lb）
+13.8%
2.12
2.43
2021 H1 2022 H1
Cash Cost （US$/lb）
+14.6%
2.41
3.68
2021 H1 2022 H1
Copper Selling Prices
（US$/ lb）
+52.7%
⚫ The total production cost increased by
14% mainly due to adjustment of operation
plan; The company select ed low graded
ores for this period；
⚫ The output and revenues from by-
products were dropped, and led to 36%
decrease in profit from copper of by-
product;
⚫ Under the condition of rise in copper price,
increase in production cost, decrease in
profit from by-products, Earning capacity
for Jiama mine was stable;
⚫ Profits before tax from 2022H1was US$
164 million, and decreased by US$ 15
million in comparison with 2021 H1, and
the drop was US$19.5 million that was
mainly due to foreign exchange losses.
1.91
1.22
2021 H1 2022 H1
By Product Credit
（US$/lb）
-36%

20. 20
Chang Shan Hao Gold Mine

21. 21
Resources
Quantity
（Mt）
Grade
（Au g/t）
Metal
（Au t）
Metal
（Au Moz）
Measured 0.93 0.43 0.40 0.01
Indicated 94.62 0.62 58.52 1.88
Total M&I 95.55 0.62 58.92 1.89
Inferred 80.24 0.52 41.52 1.33
Reserves
Quantity
（Mt）
Grade
（Au g/t）
Metal
（Au t）
Metal
（Au Moz）
Proven 0.35 0.47 0.16 0.01
Probable 42.32 0.67 28.29 0.91
Total 42.67 0.67 28.45 0.91
Note: Northeast and Southwest pits combined data was modified as of December 31, 2021, under NI 43-101 rules
CSH MINE RESOURCES
CSH MINE RESERVES
COMMODITIES
Gold dore with
silver by-product
LOCATION
210km NW of Baotou,
Inner Mongolia
MINE OPERATION
Large scale open pit,
heap leach
CSH Gold Mine
One Of China’s Largest Gold Mines

22. 22
67,392
75,884
2021 H1 2022 H1
Gold Production
（Ounces）
+12.6% 7,362,472 7,930,782
2021 H1 2022 H1
Ores Mined（Tonnes）
+7.7%
0.50
0.63
2021 H1 2022 H1
Grades（g/t）
+26% 54.90% 54.98%
2021 H1 2022 H1
Accumulated recovery
rate
CSH Gold Mine (Cont’d)
All Indicators From 2022 H1 Are Outperformed

23. 23
1,533
1,489
2021 H1 2022 H1
Total Production Cost
（US$/OZ）
-3%
1,017
878
Cash Cost（US$/OZ）
-14%
CSH Gold Mine (Cont’d)
Cost Reduction and Efficiency Enhancement
led to Proactive Results
2021 H1 2022 H1
⚫ The gold production from 2022
H1 has increased dramatically
due to the effective cost control
actions; Cash cost and total
production cost were dropped by
3% and 14% respectively .

24. 24
On February 18，the company began
to prepare resources & reserves
verification report through public
market bidding.
On March 9th , submitted geological
and exploration data to the information
institute of the Natural Resources
Department of Inner Mongolia
Autonomous Region, and waited for
delineated the scope of mining areas.
On March 21st, Select the firm to compile
and prepare NI-43-101 independent
technical report through public bidding,
the Report was almost
completed, and will be
announced it soon.
CSH Gold Mine (Cont’d)
In-depth Area Exploration Made A Huge Progress，
Independent Technical Report Shall Be Released Soon.

25. 25
content
Results of The First Half 2022
Key Operational Metrics
Company Advantages
Overview

26. 26
Company Advantages (Cont’d)
Special Investment Advantages
• Jiama has reached fully production
capacity ， improve the utilization of
overall resources; CSH gold mines
focus on the potential of deep
resources development, continuous
to growth in performance
• maintain sufficient cash flows and
keep low cost finance
• The CGG is the only oversea
flagship of China National Gold
Group, and get fully support from
controlling shareholder.
• The company possess outstanding
scientific and management
innovation capacity, keep the high
standard of safety, healthy
production, and ESG social
responsibility.

27. 27
BBB-
Outlook：Stable
Credit Rating BBB-
Amount US$300 MM
Coupon 2.80% per annum
Credit Rating BBB-
Use of Proceeds Repaying existing indebtedness & general corporate purposes
Coordinators China International Capital Corporation, Bank of China (Hong Kong),
China Construction Bank (Asia), Citigroup, Guotai Junan International,
Shanghai Pudong Development Bank Hong Kong Branch, Silk Road
International, Standard Chartered Bank
Date April 28, 2020
Rate of Interest 2.65% per annum (at time of issue)
National Interbank Funding Center’s 5 year s
LPR - 200bp
Repayment April 28, 2034
Use of Proceeds Jiama Mine
Syndicated banks Bank of China, Agricultural Bank of China
June 2020 - US$300 MM Bond Issue April 2020 – RMB 1.4 Billion Facility Loan
In 2015, the Group received a
syndicated credit of RMB3.98
billion (US$613 million) led by
Bank of China, with the interest
rate of 2.83% per annum.
In 2020,a loan of aggregate
principal amount of RMB
400 million from China
Development Bank was
obtained.
Company Advantages (Cont’d)
Ability to Raise Sizable Financing at Low Cost with
Investment Grade Rating

28. 28
⚫ Continuous to publishing Social responsibility report or ESG report；
⚫ 2021 ESG has published, and comprehensively explain that company’s keep high standard
of technology innovation, safety production, environmental protection, occupational health,
social responsibility.
More Responsible And Sustainable Mining Company
Company Advantages (Cont’d)

29. 29
⚫ The major shareholder promise to inject project to China Gold International；
⚫ Rapid Finance 、rapid construction、quickly put into production、fast reach the
design capacity、explore values from post-M&A activities.
Prudently Select the M&A Project With Strong Support
From Major Shareholder
Company Advantages (Cont’d)
PROJECT PHASE TARGET
• Mines at operating stage with ramp up
potential or near
production
• Mature exploration or high quality
mine assets under construction stage
GEOGRAPHY TARGET
• Established Mining jurisdictions
• Stable political environment
CATEGORIES OF METAL
• Gold and Copper focus
• Polymetallic mineral resources
TRANSACTION STRUCTURE
• Flexible transaction structure: equity
participation, holding or joint venture

30. 30
www.chinagoldintl.com
info@chinagoldintl.com
联系我们
TSX: CGG | HKEX: 2099