◎ Resources: Silver resources (including associated resources) were 11,535.76 tonnes, which was in the top rank in China.
Iron business has significant growth potential, with iron ore resources of 179 million tonnes.
◎ Production: The Group produced 911,649kg of silver, representing an increase of 13.74% year-on-year(same period in 2020: 801,503kg).
Of which, 602,842kg of silver was produced from smeters as by-products, representing an increase of 19.90% year-on-year (same period in 2020: 502,787kg).
308,806kg of mined silver was produced, representing an increase of 3.38% year-on-year (same period in 2020: 298,715kg).
4.25 million tonnes of iron ore concentrate were produced, representing an increase of 9.82% year-on-year (same period in 2020: 3.87 million tonnes).
1,607 tonnes of mined cobalt were produced, representing an increase of 12.91% year-on-year (same period in 2020: 1,423 tonnes).
Certain copper, zinc and gold smelters produced 2,952,731 tonnes of sulphuric acid as a by-product, representing an increase of 12.73% year-on-year (same period in 2020: 2,619,205 tonnes).
◎ Costs: In 2021, the unit sales cost of mined silver was RMB1.57/gramme, representing an increase of 8.11% year-on-year (same period in 2020: RMB1.45/gramme).
The unit sales cost of iron ore concentrate was RMB209.08/tonne, representing an increase of 19.53% year-on-year (same period in 2020: RMB174.91/tonne)
◎ Contribution: Sales revenue from silver, iron ore and other products represented 25.59% (after offsets) of total operating income during the reporting period, the gross profit of which represented 17.69% of the gross profit of the Group.
◎ Growth potential: The Group has accelerated the technological upgrade and expansion for incremental gold projects. With subsequent mergers and acquisitions and self-initiated exploration, resources/reserves are expected to increase.