Chinese Gold Mines Profit from Rising Bullion Prices
China News
November 21, 2024
As global gold prices continue to rise, gold mines in China are reaping the benefits with significantly higher profits. In Lingbao City, a key gold production hub in Henan Province, gold ore is mined, processed, and refined into gold concentrates for extraction. Staff from one mining company reported a 30% increase in the price of gold concentrates this year, allowing them to profit even from lower-grade gold mines.