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← CockpitCompetitor Analysis › CGG.TO China Gold International Resources Corp. Ltd.Open in the cockpit ↗

China Gold International Resources Corp. Ltd.CGG.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals

Canadian-listed gold and copper miner majority owned by China National Gold Group, operating the Jiama mine in Tibet and CSH mine in Inner Mongolia.

≈ A China-controlled miner listed on the TSXMomentum weak 35
Mkt cap
$9.08B
US dollars, full cap
Free float
60%
of shares outstanding
$/day
$1.91M
20-day average traded
Fwd P/E
9.7×
forward earnings
ROIC−WACC
+18.8 pp
WACC 12.7%
Hurdle
-5 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · CADC$32.55
1D+1.9%
1W+6.4%
1M-16.5%
3M-15.7%
6M+9.8%
YTD+17.9%
1Y+47.9%
ATR %5.2%
52w lowhigh33.6% off high

What China Gold International Resources does

Canadian-listed gold and copper miner majority owned by China National Gold Group, operating the Jiama mine in Tibet and CSH mine in Inner Mongolia.

In one line: A China-controlled miner listed on the TSX.

Products and services

  • Jiama copper-gold mine (Tibet)
  • CSH gold mine (Inner Mongolia)

Customers

  • Chinese smelters/refiners (copper, gold)

Where it sits in the supply chain

  • Mining
  • Gold and copper mining
  • Tibet + Inner Mongolia operations…

What could go right

  • Chinese gold/copper demand growth
  • Jiama expansion production growth

What could go wrong

  • China regulatory/geopolitical risk
  • Gold/copper price volatility

Moat: narrow (installed base, regulatory licence). Backed by China National Gold Group's resources and access to mining licences in Tibet/Inner Mongolia.

Headquarters: Vancouver, Canada / Beijing, China · Founded: 2003 · Employees: 2,160

Named competitors

China Gold International Resources at a glance

Size China Gold International Resources (CGG.TO) is a Canada Materials company (Precious Metals) with a market value of $9.08B, the 80th largest of 420 Canada companies the cockpit tracks. Shares closed at C$32.55 on 6 Nov 2026.

Performance Over six months the shares gained 9.8%, against -7.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 52.6% over the last twelve months (peer median +57.5%); the operating margin is 56.0% (peer median 45.7%).

Valuation It trades at 9.7× forward earnings against a peer median of 10.7× (10th cheapest of 21).

Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -5 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 18.8 points above its cost of capital (12.7% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026CGG.TO 108Peer median 89
Six months, rebased to 100: China Gold International Resources against the median of its 20 peers (local-currency closes).

China Gold International Resources financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$2.33BC$1.80BC$1.09BC$610MC$1.50B
Revenue growth—+65%+79%-59%—
Gross profitC$1.44BC$926MC$256MC$91.3MC$518M
EBITDAC$1.54BC$1.04BC$389MC$204MC$713M
Net incomeC$1.10BC$642MC$90.6M-C$33.9MC$303M
Free cash flowC$1.19BC$852MC$330M-C$69.3MC$558M
Capital expenditureC$93.4MC$97.6MC$122MC$81.7MC$61.9M
Total debtC$678MC$752MC$1.07BC$1.02BC$1.13B

Quarterly statements and history in the cockpit →

China Gold International Resources competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%ELDDPMHMYHLGMIN0009751818IMGAG6693BVNBTOORARTGTFPMSBSWOGCAGIEQXEDVCGG.TO6-month return →1-month return →
Up and to the right = strong over both horizons. China Gold International Resources is the large dot.

Fundamentals: revenue growth against valuation

+20%+40%+60%+80%+100%10×20×ELDDPMHMYHLGMIN0009751818IMGAG6693BVNBTOORARTGTFPMSBSWOGCAGIEQXEDVCGG.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. China Gold International Resources is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%DPMHMYHL0009751818IMGAG6693BVNBTOOGCAGIEQXEDVCGG.TOGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. China Gold International Resources is the large dot.

China Gold International Resources competitors and peer comparison

Head to head with its named competitors (CGG.TO vs 2899.HK vs IVN.TO vs 600547.SS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
China Gold International Resources CGG.TO$9.08B+10%+53%56%9.7×5.2%
Zijin Mining 2899.HK$111B-23%+21%30%8.3×-6.0%
Ivanhoe Mines IVN.TO$8.43B-26%+109%7%18.9×n/a
Shandong Gold Mining 600547.SS$16.5B-24%+12%13%18.9×-5.6%
Zhaojin Mining Industry 1818.HK$7.87B-42%+49%34%17.0×-2.5%
Zhongjin Gold 600489.SS$15.1B-20%+25%13%11.4×-5.9%
Jiangxi Copper 0358.HK$14.3B-36%+22%4%4.7×n/a

How China Gold International Resources compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

China Gold International Resources against its 20 peers (data as of 6 Nov 2026)
MeasureCGG.TOPeer medianRank in peer set
1-month return-16.5%+2.4%lowest of 21
6-month return+9.8%-7.6%5th highest of 21
Distance from 52-week high-33.6%-33.7%11th highest of 21
Revenue growth (TTM)+52.6%+57.5%10th lowest of 21
Operating margin56.0%45.7%6th highest of 21
Forward P/E9.7×10.7×10th cheapest of 21
Growth the price implies (Req g, 7 yrs)5.2%1.4%7th most demanding of 16
Growth delivered (Del g)+10.4%+18.5%2nd lowest of 15
Hurdle (Req g minus delivered)-5.1 pp-19.6 pp3rd most demanding of 15
ROIC minus cost of capital+18.8 pp+13.0 pp8th highest of 21
EV / EBITDA7.8×8.6×9th cheapest of 19
Net debt / EBITDA-0.5×0.0×4th least indebted of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
China Gold International Resources CGG.TOCanada$9.08B+10%+53%56%9.7×5.2%+10.4%
Eldorado Gold ELD.TOCanada$9.37B+11%+25%45%7.7×n/an/a
DPM Metals DPM.TOCanada$8.61B+18%+96%55%10.1×5.1%+8.6%
Harmony Gold Mining Co. Ltd. Sponsored ADR HMYUnited States$9.84B-3%+50%45%5.3×-14.1%+17.7%
Hecla Mining HLUnited States$9.90B-21%+30%48%18.1×8.0%+15.0%
G Mining Ventures GMIN.TOCanada$9.98B-10%+72%66%19.4×n/an/a
Shanjin International Gold 000975.SZChina$10.2B-6%-4%36%15.2×-5.7%+16.7%
Zhaojin Mining Industry 1818.HKHong Kong$7.87B-42%+49%34%17.0×-2.5%+17.9%
IAMGOLD IMG.TOCanada$10.8B+6%+83%48%9.1×1.4%+19.1%
First Majestic Silver AG.TOCanada$7.52B-27%+96%44%18.1×9.2%+29.2%
Chifeng Jilong Gold Mining 6693.HKHong Kong$11.1B-24%+29%43%12.9×11.0%+21.8%
Compania de Minas Buenaventura SAA Sponsored ADR BVNUnited States$7.25B-21%+64%45%6.5×-14.1%+20.7%
B2Gold BTO.TOCanada$7.19B+13%+72%46%6.1×-7.0%+12.3%
OR Royalties OR.TOCanada$6.81B0%+68%77%29.5×n/an/a
Artemis Gold ARTG.VCanada$6.76B+18%+148%71%11.3×6.6%n/a
Triple Flag Precious Metals TFPM.TOCanada$6.54B+1%+45%63%24.7×n/an/a
Sibanye Stillwater Limited Sponsored ADR SBSWUnited States$6.30B-29%+59%26%5.9×n/an/a
OceanaGold OGC.TOCanada$6.27B-5%+56%44%7.1×-5.4%+29.2%
Alamos Gold AGI.TOCanada$13.4B-22%+41%57%11.3×7.8%+20.3%
Equinox Gold EQX.TOCanada$13.5B-17%+63%36%9.7×21.0%+17.5%
Endeavour Mining EDV.TOCanada$13.7B-10%+27%47%9.3×-6.5%+25.4%

Questions

Who are China Gold International Resources's main competitors?
Named competitors: Zijin Mining Group (2899.HK), Ivanhoe Mines (IVN.TO), Shandong Gold Mining (600547.SS), Zhaojin Mining Industry (1818.HK), Zhongjin Gold (600489.SS), Jiangxi Copper (0358.HK). The cockpit's measured peer set (industry) also includes Eldorado Gold (ELD.TO), DPM Metals (DPM.TO), Harmony Gold Mining Co. Ltd. Sponsored ADR (HMY), Hecla Mining (HL), G Mining Ventures (GMIN.TO), Shanjin International Gold (000975.SZ).
Is China Gold International Resources expensive compared with its peers?
On forward p/e it trades at 9.7× against a peer median of 10.7×, 10th cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -5 pp: the price already allows for a slowdown.
How has China Gold International Resources stock performed?
Over six months to 6 Nov 2026 the shares returned +9.8% against -7.6% for the median peer; over one year +47.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.