Gelonghui, April 7 | CITIC Securities released a report saying that China Gold International's performance turned poor last year, mainly affected by the discontinuation of production at the Jiama mine. Currently, the first phase of the Jiama mine has resumed production, and the company expects the second phase to resume production in May; at the same time, stable production at the Changshan Dou mine will contribute to the company's performance. The bank believes that the company has a high-quality portfolio of copper and gold assets, which is expected to fully benefit from the price boom cycle and production recovery. It is optimistic about the company's allocation value. Earnings per share are expected to be 0.26 US dollars, 0.77 US dollars and 0.86 US dollars respectively from 2024 to 2026, giving a price-earnings ratio valuation of 10 times in 2025, raising the target price to HK$60, and maintaining a “buy” rating.