China’s Chifeng Jilong Gold Mining Co has said it will begin processing gold ore from its mine in Sepon, Laos, after a six-year hiatus.
According to a report by Reuters, the restart of gold production at the mine is due to gold prices hitting a seven-year high last month, making the process profitable once again.
The Covid-19 pandemic has led to increased trade in the precious metal.
Chifeng Jilong made a statement on Saturday that the launch of gold production at the Sepon mine was three months ahead of schedule, in spite of the Covid-19 outbreak.
“It is estimated that finished gold can be produced in early June,” said the company in a statement on its website.