World's largest gold producer China's output for July recorded an increase by 28.31 tones as it finds another gold reserves in Liaoning Province

According to China's Industry and Information Technology ministry, country's gold output reached 31.897 tonnes in June.

Total output for the first half of the year stood at 159.24 tonnes, up 8.69 percent compared with the same period of last year.

After nearly two years of intensive efforts, 31.7 tons of gold ores and 70 tons of silver ores have been discovered in Fengcheng, Liaoning Province.

The newly found reserve, located under Baiyun gold mine, is believed by experts to boast of a life-extension of 22.8 years.

The mine's gold ore is expected to be at an average grade of 2.85 gram per ton, and an average grade of silver of 481.06 grams per ton.

China Gold