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China Gold International Resources sees higher gold, copper production in FY'17

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China Gold International Resources sees higher gold, copper production in FY'17

China Gold International Resources Corp. Ltd. expects to produce 218,700 ounces of gold from its CSH and Jiama mines in China this year, up from the 211,301 ounces of gold produced in 2016, according to a Jan. 25 release.

The total gold output from both mines last year represented about 90% of the company's previously announced annual production guidance of 235,000 ounces. China Gold International attributed the shortfall to intersecting lower grades in the current mining zone at CSH.

The company also aims to produce about 79 million pounds of copper from Jiama in 2017, nearly doubling from the 40.4 million pounds of copper produced last year, as it expects the Jiama Phase II expansion to reach its full capacity by the middle of the year.