19 August 2015

On August 10th, China Gold Association released China Gold Yearbook 2015. It shows Zijin Mining's gold production in 2014 was 32.3 tonnes (or 1 million ounces), accounting for 8.76% in China's gold production.

However, Zijin ranks first amongst China's gold industry with an annual profit of RMB 3.3 billion (about US$543.2 million), making up about 33.79% in total profits of gold enterprises, followed by Shandong Gold Group with a profit of RMB 592 million (about US$96 million) and China National Gold Group with a profit of RMB 304 million (about US$49 million).

Zijin produced less than 10% gold of China's gold production while achieving over one third of total profits in the industry. It is evident that Zijin's profitability is quite outstanding among the industry.

According to the yearbook, the nationwide total gold production was 368.364 tonnes (or 11.8 million ounces) in 2014. Top 10 gold enterprises produced 157.5 tonnes (or 5.1 million ounces)of gold, which make up 42.76% in national output. China National Gold Group, Shandong Gold Group and Zijin Mining Group are top 3 gold produce.

Zijinshan Gold and Copper Mine was number one in China's top 10 largest gold mines with a gold production of 10.55 tonnes (or 0.34 million ounces).

The total profits in China's gold industry was RMB 11.36 billion (about US$1.86 billion) in 2014, down 25.07% compared to the previous year. 23 enterprises got hundreds of million yuan in profit, realized a total profit of RMB 8.5 billion (about US$1.4 billion), and an average earning of RMB 369.2 million (about US$60.3 million).

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