Feb. 3, 2012 (China Knowledge) - Zijin Mining Group Co Ltd<601899
>, the largest listed gold miner in China, said yesterday that it expected its net profit to grow 20.03% year on year to RMB 5.80 billion in 2011, due to an increase in gold price.
The gold producer said in a statement filed with the Shanghai Stock Exchange
basic earnings per share were estimated at RMB 0.27 last year.
Zijin Mining saw its operating revenue increase 39.51% year on year to RMB 39.82 billion in the period.
Both Zhongjin Gold Co<600489
> and Shandong
Gold Mining Co<600547
> earlier forecast a growth of more than 50% in net profit in 2011.
China Gold Association said the country's gold output increased 5.89% year on year to 360.96 metric tons last year, reflecting the highest level ever recorded.