Jun. 12, 2012 (China Knowledge) – China saw its gold output increased 6.13% YoY to 109.6 metric tons in the first four month of this year, according to statistics released by the Ministry of Industry and Information Technology
Last month, China's gold output reached 28.8 metric tons.
From January to April 2012, China's gold mines produce a total of 90.7 metric tons of gold, 6.2% more than it realized in the same period of last year. At the same time, the colored-by-product gold from nonferrous smelters grew 5.83% YoY to 18.9 metric tons.
During the four month period, China's top ten gold producers, including China National Gold Group Corp, Zijin Mining Group Co Ltd<601899
> and Shandong
Gold Group, saw their gold output amounted to 55.1 metric tons, up 0.49% YoY, which accounted for 50.25% of the country's total.
The gross output value of the gold industry surged 23.81% YoY to RMB 86.17 billion in the first four months of this year, with a profit of RMB 8.88 billion, up 8.77% than in the same period of last year.
In April, the industry realized RMB 22.87 billion in gross output with RMB 2.22 billion in profit.