China's largest gold miner increases net profit by 26%

Net profit of shareholders of one of the largest gold miners in China Shandong Gold Mining Co., Ltd grew by 25.91%, according to Xinhua News Agency on April 17. The Company reported that its net profit in 2019 reached 1.29 billion yuan (about $182.3 million). In 2019, revenue from sales of the company reached 62.63 billion yuan, which is 11.33% more than a year earlier. The main source of growth was the increase in gold prices and sales volumes. The company is one of the largest miners of this precious metal in the Black Sea. Production in 2020 is expected. Must be at least 39.586 tons.

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