Reuters calculations from the official data, which is released sporadically by the ministry, showed that primary gold production slowed while secondary production, a much smaller source of gold, surged after a slow couple of months.There was no explanation why, which might get the rumour mill going. May's prices were typically higher than April's.
The volume produced as a by-product of other metals rose 6.9 percent from April to 5.215 tonnes, 20 percent higher than a year before, while the volume from gold mining slid 3.7 percent from April but remained higher than in May 2009.
China has raised gold production every year since 2004, producing a total of 313.980 tonnes last year, an average of 26.165 tonnes per month.
Friday, July 2, 2010
Mainland China's Gold Output Falls By 5.9% In May
Although well up from May of 2009, gold production in mainland China has dropped by 5.9% from April's figure.