China Gold Association: China's gold production in the first half of the year was 179.634 tons, a year-on-year increase of 0.58%

The China Gold Association has released data on the country's gold production in the first half of 2024, totaling 179.634 tons, a year-on-year increase of 0.58%. Among them, gold produced from gold mines amounted to 141.496 tons, while by-product gold from non-ferrous metals reached 38.138 tons. In addition, imported raw materials yielded 72.026 tons of gold, a 10.14% increase compared to the previous year. Overall, the country produced a total of 251.660 tons of gold, marking a 3.14% year-on-year growth. This result is mainly attributed to the capacity adjustments and production optimization of gold enterprises and large-scale gold smelting companies, as well as the growth in gold production from some large gold mines. However, aging mines are facing gradually declining easily accessible resources, while new mines encounter challenges in deep well construction, leading to production reduction, closure, or restructuring of some gold mining companies. Domestic gold production accounts for 47.95% of the national total, while overseas mines achieved a 19.00% year-on-year increase in gold production. Overall, although China's gold production did not grow as expected, it still maintains a stable growth trend