Guocheng Mining: net profit falls 57.82% in 2019 it plans to produce 56900 metal tons of lead and zinc concentrate in 2020

SMM: today, Guocheng Mining Co., Ltd. released its 2019 annual report. During the reporting period, the cumulative operating income for the whole year was 1.0205302 billion yuan, down 16.75 percent from the same period last year, and the net profit attributable to the shareholders of listed companies was 170.8593 million yuan, down 57.82 percent from the same period last year. During the reporting period, the global metal mining market maintained a tight balance, with copper and zinc prices falling to lows in the past three years, putting pressure on the performance of mining companies.

It produces 57816.02 metal tons of zinc concentrate and 8318.95 metal tons of lead concentrate in 2019, and plans to produce 56900 metal tons of lead and zinc concentrate in 2020.

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