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Company News

BUZZ-HK-listed shares of China Gold fall on weak Q1 results

** Hong Kong-listed shares of China Gold International Resources Corp Ltd fall as much as 5.9% to HK$9.28, after the gold producer posts loss in Q1

** Co posts $4.6 mln net loss after income taxes for Q1 of 2019, compared with $2 mln net profit a year earlier, with total gold production falling 5% during the quarter, while copper production up 110%

** British columbia-based co says it is working with its major shareholder, China National Gold Group Corp, to identify potential mining acquisition opportunities outside China

** As of Wednesday’s close, Hong Kong-listed shares of the company had risen 4.5% this year

** The Hong Kong Hang Seng Commerce & Industry Index gains 0.2% and the benchmark index rises 0.3% (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)

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