Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months.
China Recovers Gold Production Levels During Q1
China managed to ramp up its gold extraction levels during the first quarter of 2023. Chinese companies have seen their production efforts rewarded during Q1 2023, as large mines managed to recover their numbers to pre-pandemic levels.
According to reports from the Gold Association of China quoted by Xinhua, the Chinese news agency, gold mines operated by the biggest mining companies in China produced 32.72 tons of the precious metal during Q1 2023, almost half of the gold produced in the country during that period.
China is regarded as the top gold producer in the world, producing 372 tons of gold i
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