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Shandong Gold returns to Q1 profit at 221.2M yuan

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

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Shandong Gold returns to Q1 profit at 221.2M yuan

saidApril 27 that it recorded a net profit attributable to shareholders of 221.2 millionyuan, or 16 fen per share, in the first quarter, compared to a net loss of 68.5million yuan, or 5 fen per share, posted a year ago.

Operatingincome increased 10.34% year over year to 9.22 billion yuan, while operating costsincreased 4.4% to 8.83 billion yuan from 8.46 billion yuan.

Thisled to the company to a first-quarter operating profit of 321.6 million yuan, comparedto an operating loss of 103.4 million yuan in the year-ago period.

As of April 27, US$1 was equivalentto 6.50 Chinese yuan.