China National Gold Group Corp, China's largest and only State-owned gold mining company, said it earned nearly 1.55 billion yuan ($228.8 million) in the first half of this year, up about 300 percent from the same period of last year, according to a Tuesday report by the website of the financial magazine Caijing.
China Gold's prime operating revenue in the January-June period reached 27.67 billion yuan, up 98 percent year-on-year, and its full-year prime revenue is expected to hit 50 billion yuan, six times the figure for 2006, the report said.
Sun Zhaoxue, president of China Gold, told Caijing that the company plans to boost its gold output to 230 tons in 2015, with sales revenue hitting 100 billion yuan and total profits reaching 7.5 billion yuan.
Sun said the company will continue to advance its overseas projects in the second half of the year, with the aim of securing one or two new projects, according to the report. But he didn't elaborate.
Song Xin, deputy general manger of China Gold, said the company boosted its gold resources by 24.7 tons in the first half through domestic prospecting as well as mergers and acquisitions, the report said.
