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China Gold's sale revenue up 61.44% in H1

Aug. 7, 2012 (China Knowledge) - China National Gold Group Corp or China Gold, one of the country's largest gold producers, said its sale revenue for the first half of this year rose 61.44% YoY to RMB 49.45 billion.

The figure accounted for 61.8% of its revenue target this year.

In the first half of 2012, the company increased 87 metric tons of gold reserves and 0.2 million metric tons of copper reserves.

As of the end of Jun 2012, China Gold's gold reserves reached 1,565 metric tons, while its copper and molybdenum reserves hit 10.2 million metric tons and 2.01 million metric tons, respectively.

Sun Zhaoxue, general manager of China Gold, said that the company's sale revenue is expected to exceed RMB 100 billion in 2012.

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