PRC Gold Output Up 4.38% Year-On-Year For Jan-Feb Period

According to a ChinaKnowledge report webbed by Alibaba.com, gold output in mainland China grew to 42.94 tonnes in the first two months of this year.

In the period from January to February, gold mines in the country produced 34.96 tons of gold, 2.67% more than in the corresponding period of last year, while the amount gold produced as a by-product of the smelting of nonferrous metals grew 12.62% to 7.98 tons, said the ministry.

The gross industrial output value of the gold industry surged 21.38% year on year to RMB 21.6 billion in the first two months, and the sector's profit grew 50.35% year on year to RMB 2.41 billion during the period.