Zijin Mining has announced an estimated net profit attributable to shareholders of approximately RMB 23.2 billion for the first half of 2025, marking a significant increase of about 54% compared to the same period last year. This half-year profit already exceeds the company’s full-year earnings for 2023.
The company attributes its strong performance to increased production volumes amid high metal prices. In the first six months, Zijin produced 570,000 tonnes of mined copper and 41 tonnes of mined gold, with year-on-year increases of 10% and 17%, respectively. Notably, gold production saw rapid growth, with second-quarter output reaching 22 tonnes.
Acquisitions continue to play a crucial role in Zijin’s growth strategy. Despite high metal prices, attractive project valuations remain available in the market. In April, Zijin completed the acquisition of a full interest in Ghana’s Akyem Gold Mine, which has an average annual gold output of 5.8 tonnes. The following month saw Zijin acquiring a significant interest in Zangge Mining, gaining control over an A-share listed miner for the first time and significantly boosting its reserves in copper and lithium.
In June, Zijin expanded into Central Asia by acquiring Kazakhstan-based Raygorodok Gold Mine, a producing asset with an average annual gold output of 5.5 tonnes.
Zijin emphasizes its technical capabilities and expertise as core strengths that enable fast project construction and value unlocking. Key projects are making progress: improvements at the Akyem Gold Mine aim to boost output; enhancements at South American assets like Rosebel Gold Mine in Suriname and Buriticá Gold Mine in Colombia are underway to meet production targets.
The Haiyu Gold Mine in Shandong Province completed wet commissioning at its processing plant by June’s end, setting up for commercial production commencement.
For copper projects, Phase 2 development at Julong Copper Mine is on schedule with several key works finished ahead of plan during H1 2025; completion is expected by year’s end. Additionally, Kamoa-Kakula Copper project’s smelter startup is scheduled for September this year.
