International Luo Rong, Jin, third-quarter results slightly below expectations. company the third quarter Givenchy Handbags Replica of 2011 to achieve revenues of $ 217 million, net income of $ 53.006 million, basic earnings per share of $ 0.134. third quarter net profit of us $ 22.926 million, basic earnings per Givenchy Handbags Replica share of $ 0.058. slightly less than we had forecast third-quarter results. gold production has reached its set objectives, But production cost partial high. company main mine changshan Givenchy Handbags Replica Daqing gold Qian three quarter gold yield reached 92,244 ounces, which third quarter gold yield 36,985 ounces, gold production has reached established production capacity. but third Givenchy Handbags Replica quarter changshan Daqing gold average cash cost up to 835 dollars/ounces, more first half of 696 dollars/ounces has further rose. changshan Daqing gold Qian three quarter gold average Givenchy Handbags Replica cash production cost up 752 dollars/ounces, full
Cost up 851 dollars/ounces. and enrollment gold mining (market, information, comments), and zijin mining (market, information, comments), Givenchy Handbags Replica company of gold production cost generally in 500 dollars/ounces around. company gold production cost significantly above industry average level. August 2011 and September, company Juicy Couture Bags Replica gold sales average respectively reached 1858.9 dollars/ounces and 1645.3 dollars/ounces, despite its price significantly above II quarter, But cost of rose makes three quarter gold Juicy Couture Bags Replica price rose on company performance of upgrade role was significantly weakened. by this effect, company third quarter gross margin by II quarter of 43.5% fell to 40.7%. copper price sharply Juicy Couture Bags Replica fell dragged down copper fine mine profit level. company methyl Ma mine for copper gold associated mine, which copper fine mine for company another a main products. Qian three quarter Juicy Couture Bags Replica company copper fine mine yield up 6,816 tons, which third quarter yield 2,636 tons. copper fine
Mining accounted for about 20% of company revenue, under the influence of domestic Juicy Couture Bags Replica copper prices fell sharply in the third quarter, 8 September copper concentrate sales price of the company respectively $ 9062.6/ton and $/ton, lower than appear more substantial Juicy Couture Bags Replica in the first half. due to the recent price of copper is still unable to significantly restore, We is expected to second half copper fine mine on company profit of contribution will has weakened. company expansion gold resources reserves of conditions more superior. company for China Gold Group its of only overseas mineral resources operation platform. company are is global range within actively looking for quality gold resources and has made actively progress, we bullish company future of gold resources growth potential. maintained company "buy" of investment rating. Despite company recent by cost rose and the copper price fell, adverse factors effect, But we are still bullish on gold and copper mine in the future expansion of production capacity, especially Mary mining company has a strong resource expansion potential. we
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