China’s 2012 Gold Production up 11.66 Percent from 2011

China Daily USA reported that in 2012, China produced 403.1 tons of gold, an 11.66-percent increase from the previous year.

As quoted in the market news:

Among the total, 341.8 tons came from gold mines, while 61.3 tons were a byproduct of nonferrous metal smelting, the ministry said.

Meanwhile, gold producers realized 380.79 billion yuan ($60.57 billion) in industrial output value, up 33.91 percent. Their profits rose 4 percent to 35 billion yuan.

Click here to read the full China Daily USA report.