China Gold International Resources Received a Reaffirmed Long-Term Corporate Rating from Standard & Poor's
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 14, 2016) - China Gold International Resources Corp. Ltd. (TSX:CGG)(HKSE:2099) (the "Company" or "China Gold International Resources") is pleased to announce that Standard & Poor's Ratings Services ("S&P") has reaffirmed the Company's BBB- long-term corporate credit rating. This is a reflection of the Company's good track record of mining operations and profitability and strong support from the controlling shareholder, China National Gold Group, as well. The rating provides the Company with continuous access to a wide range of low cost funding opportunities and will facilitate and further enhance its already successful track record in the financial markets.
Bing Liu, the Chief Executive Officer of the Company stated "We take great pride in this achievement, and we will continue to work hard to maintain our long-term corporate rating which affords us continued, high quality financing opportunities in the global market and reduced financing costs."
About China Gold International Resources
China Gold International Resources Corp. Ltd. is based in Vancouver, BC, Canada and operates both profitable and growing mines, the CSH Gold Mine in Inner Mongolia, and the Jiama Copper-Gold Polymetallic Mine in Tibet Autonomous Region of the People's Republic of China. The Company's objective is to continue to build shareholder value by growing production at its current mining operations, expanding its resource base, and aggressively acquiring and developing new projects internationally. The Company is listed on the Toronto Stock Exchange (TSX:CGG) and the Main Board of The Stock Exchange of Hong Kong Limited (HKSE:2099).
Cautionary Note About Forward-Looking Statements
Certain information regarding China Gold International Resources contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although China Gold International Resources believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. China Gold International Resources cautions that actual performance will be affected by a number of factors, most of which are beyond its control, and that future events and results may vary substantially from what China Gold International Resources currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
Contact
China Gold International Resources Corp. Ltd.
Elena M. Kazimirova
Investor Relations Manager and Financial Analyst
+1.604.695 5031
info@chinagoldintl.com
www.chinagoldintl.com