灣區黃金：二零二一年中期報告.pdf

1、OUTPUT_1194_Bay Area Gold_IR21_fullCover_spine7mm.pdf 1 16/9/2021 4:28 PMContents目錄Chairmans Statement2-3主席報告Unaudited Interim Condensed Consolidated Financial Statements4-69未經審核之中期簡明綜合財務報表Independent Auditors Review Report70-72獨立核數師之審閱報告Management Discussion And Analysis73-89管理層討論及分析Other Informati

2、on90-97其他資料Corporate Information98-100公司資料CHAIRMANS STATEMENT主席報告 BAY AREA GOLD GROUP LIMITED INTERIM REPORT 20212Dear Shareholders,On behalf of the Board,I am glad to present to our shareholders the interim report of the Group for the six months ended 30 June 2021(the“Reporting Period”).During the

3、period under review,gold mining activities remained the core business of the Group.The Groups total gold production increased by 21%to 35 thousand ounces as compared with that of the last reporting period.The Group continued with its efforts on exploration,organic expansion and cost control in a saf

4、e and an environmentally friendly manner.Looking forward to the second half of 2021,it is expected that interest rates in the US remain relatively low,with no indication that the Federal Reserve has concrete plan to raise them in the near future.Low interest rates environment will be a key driver fo

5、r gold in the short and medium term.The continued monetary and fiscal policies implemented by governments to boost the global economy will trigger the fear of possible inflation which will drive investors to add gold to their portfolios.In our outlook for gold in the second half of the year,it is be

6、lieved that investment demand will remain well supported while consumer demand should benefit from the worldwide economic recovery.Another strong variant-driven COVID-19 wave would mean extra challenges,but we firmly believe that the repetition of the last years low gold consumption level is unlikel