Xingye Mining Shifts from Zinc, Iron to Silver and Tin as Main Business

SHANGHAI, May 23 (SMM) - Xingye Mining Co.’s vice-general manager and secretary of the board Sun Kai said the company’s main business has turned from zinc and iron to silver and tin, cnmn.com reported.

Silver and tin business will contribute over 65% of the company’s profit in 2017.

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The company’s net profit jumped 1686.27% in the first quarter of 2017, due mainly to higher zinc prices, according to its Q1 earnings report. Profit is expected to maintain growth of 972.48-1294.22% in the medium term.

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