China's Gold Production Jumps As Prices Rise

Source:

China's gold production rose at the fastest pace in a decade to 145 tons during the first seven months of this year, the China Gold Association has said.

China's gold production rose at the fastest pace in a decade to 145 tons during the first seven months of this year, the China Gold Association has said.

Gold production increased by 15.44 percent from January to July compared to a year ago, Xinhua news agency reported today.

Higher gold prices prompted companies to boost output, which also drove mining companies to explore for new resources in the provinces of Qinghai, Gansu and Fujian, the association said.

Booming gold demand in China also contributed to the production hike.

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