Chinese gold miner Zhaojin sees higher 2010 profits

- January 24th, 2011

Reuters reports Chinese gold producer Zhaojin Mining Industry (HKG:1818) expects to post significantly higher profits in 2010 due to increased output and a higher selling price for gold.

Reuters reports Chinese gold producer Zhaojin Mining Industry (HKG:1818) expects to post significantly higher profits in 2010 due to increased output and a higher selling price for gold.

The market news is quoted as saying:

The profit forecast was based on unaudited financial results for the year ended Dec. 31, 2010, it said in a filing to the Hong Kong stock exchange.

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