China Gold International Resources Receives Credit Rating Outlook Upgrade From Standard & Poor’s
08 Septiembre 2017 - 9:30AM
China Gold International Resources Corp. Ltd. (TSX:CGG) (HKEx:2099)
(the “
Company” or “
China Gold
International Resources”) is pleased to announce that on
August 31, 2017, Standard & Poor’s (“
S&P”)
upgraded its rating outlook on the Company to stable from negative
and reaffirmed the Company’s BBB- long-term corporate credit
rating. S&P further affirmed its BBB- long-term issue
rating on the notes issued by the Company through its wholly-owned
subsidiary, Skyland Mining (BVI) Limited. S&P noted that
the Company has a strong, long-term commitment of support from its
senior management team, good organic growth prospects, and
continues to view the Company as highly strategically important to
its controlling shareholder, China National Gold Group
(“
CNG”), as CNG’s only overseas operation and
financing platform.
About China Gold International
ResourcesChina 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 (HKEx:2099).
For further information on China Gold
International Resources Corp. Ltd., please refer to its SEDAR
profile at www.sedar.com or contact Tel: 604-609-0598, Email:
info@chinagoldintl.com, Website: www.chinagoldintl.com.
Cautionary Note About Forward-Looking
StatementsCertain 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.
China Gold International Resources Corp. Ltd.
604-609-0598
info@chinagoldintl.com
www.chinagoldintl.com
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