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Zhongjin Gold's net profit surges 51% in 2011

Apr. 16, 2012 (China Knowledge) – Zhongjin Gold<600489>, China's largest publicly-traded gold miner by market share, announced its net profit attributed to shareholders to grow 51% year on year to RMB 1.82 billion, mainly due to the increase in gold output and the higher gold price.

According to a statement filed with Shanghai Stock Exchange, the company saw its operation revenue reached RMB 33.14 billion last year, reflecting a year-on-year increase of 51.46%.

Basic earnings per share were RMB 0.96 in the period, and a final dividend of RMB 0.5 per ten shares was declared.

Last year, the gold miner yield 90.96 metric tons of standard gold and 22.54 metric tons of mineral gold, representing a year on year increase of 5.99% and 14.42%, respectively.

As of Dec. 31, the company kept 570.05 metric tons of gold metal reserves, 430,200 metric tons of copper metal reserves and 40.54 million metric tons of iron ore reserves, respectively. Meanwhile, Zhongjin Gold had 132 mining rights with a total area of 1,118 square kilometers at the end of last year, source reported.

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