In order to diversify myself i been looking into the mining sector.
GFM: The group posted an operating profit of $23.5m against a loss of $1.8m a year ago and a pre-tax profit of $22.1m (2016: loss $4.1m).
Trading update today, the Chairman Mladen Ninkov commented, "I am sure shareholders, in conjunction with management, derive enormous satisfaction from the outstanding results for the first half of the 2017 financial year.
"The result was due to a superb operational effort by all concerned with the Caijiaying mine which led to increased throughput and higher zinc grades in conjunction with the long awaited increase in the zinc price and lower smelter charges.
"Needless to say, we fully expect, all things being equal, an equally as impressive second half of the year.
"Most importantly, the priority of the Company remains the granting of the new mining licence over zone II at the Caijiaying mine which will only multiply the results achieved to date.
Further upside mainly depends on the commodity price environment continues into the second half of the year for it to stay above current market forecasts.
Doesn't it worry you that it a mining company in China?
