China Gold International Resources expands Jiama plan for CGG stock

Published on 10/07/2026 at 06:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CGG stock targets 160,000 tonnes per day at Jiama. On June 30, 2026, resources rose 523 percent from 100 to 623 million tonnes.

CGG, CA16890P1036, Illustration mit AI erstellt.

China Gold International Resources (CA16890P1036) approved a Jiama mine plan targeting processing capacity of 160,000 tonnes per day, compared with 50,000 tonnes previously. Simply Wall St reported the development on August 15, 2026, making execution and funding the central questions for CGG stock.

Jiama plan resets the scale

The expansion would more than triple planned daily throughput from 50,000 to 160,000 tonnes. The same report says the project was operating at 34,000 tonnes per day and is expected to return to its designed 50,000-tonne rate in 2028, while construction is planned to avoid a material impact on current production.

The project is 100 percent owned by a China Gold International Resources subsidiary, according to Simply Wall St. That ownership structure gives the expansion direct importance for the company, but the preliminary feasibility work still has to define the capital requirements and schedule.

Resources climbed 523 percent

A June 30, 2026 resource estimate increased measured resources from 100 million to 623 million tonnes, a 523 percent increase, according to Simply Wall St. Total reserves rose from 440 million to 665 million tonnes, a 51 percent increase, although the figures describe geological resources and reserves rather than immediate production.

The latest standardized financial data show second-quarter 2026 revenue of USD 460.23 million and net income of USD 272.94 million. Those figures put the mine expansion into a profitable operating context, while the resource update adds a longer-term capacity argument.

Prior close sets the market marker

At Lang & Schwarz, the prior close was EUR 24.80 on October 5, 2026. China Gold International Resources trades on the TSX under CGG, and its market capitalization was CA 15.6 billion on October 6, 2026, with a 52-week range of CA 21.28 to CA 48.99, according to the dated quote context from Simply Wall St.

TradingView lists November 17, 2026 as the next earnings report date. The further course of trading is shown by the continuously updated real-time quote of CGG stock.