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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

China gold cuts costs to offset lower prices

Posted on 07 April 2014

China Gold International Resources, the sole overseas listed arm of the nation’s largest gold miner, China National Gold Group, will raise output, cut production costs and scout for acquisition opportunities amid lower bullion prices.
The Hong Kong and Toronto-listed state-backed company would lower costs by improving metals recovery ratios, material procurement cost and advanced production techniques, said Song Xin, who was promoted from chief executive to chairman of China Gold in February………………………………………..Full Article: Source


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