Rising volume and price drive strong performance growth; Zijin Mining's net profit in 2025 is expected to increase by 60% year-on-year | Financial Report News

Zijin Mining Group Co., Ltd. released its 2025 annual performance forecast on December 30, projecting that the net profit attributable to shareholders of the listed company will reach 51 to 52 billion yuan, an increase of approximately 18.9 to 19.9 billion yuan compared with the same period last year, a year-on-year increase of about 59% to 62%. After deducting non-recurring gains and losses, net profit is expected to be 47.5 to 48.5 billion yuan, a year-on-year increase of 50% to 53%. The growth in performance is mainly driven by both increased output and rising prices. The production volume of major mineral products all achieved year-on-year growth, while the selling prices of major mineral products also increased simultaneously. In the announcement, the company also disclosed its production target for 2026, further clarifying its strategic path of continuous expansion. On December 30, Zijin Mining’s A-share price closed up 2.36%. Since the beginning of this year, its stock price has risen by 118% cumulatively. Comprehensive Growth in Major Mineral Product Output In 2025, Zijin Mining’s main mineral products will see overall growth in output. Gold production is estimated at about 90 tons, up about 23% from 73 tons in 2024. Mined copper (including Kamoa equity output) is about 1.09 million tons, a slight increase compared to 1.07 million tons in 2024. Silver production is about 437 tons, largely unchanged from 436 tons in 2024. Notably, the company’s equivalent lithium carbonate (including the output from Zangge Mining from May to December) saw a significant increase to around 25,000 tons, compared to only 261 tons in 2024, showing the company’s rapid expansion in the new energy minerals sector. During the reporting period, the sales prices of mined gold, copper, and silver all increased year-on-year, becoming a major factor contributing to performance growth. The combined benefits of rising metal prices and increased output jointly drove the company’s net profit to nearly a 60% increase. 2026 Production Targets Further Raised Zijin Mining has announced its 2026 production plans for major mineral products, continuing the overall expansion trend. The gold production target is 105 tons, about 17% higher than the expected output in 2025; copper at 1.2 million tons, up about 10%; lithium carbonate equivalent soaring to a target of 120,000 tons, almost four times that of 2025; and silver at 520 tons, a year-on-year increase of about 19%. Risk Warning and Disclaimer The market carries risks, and investment requires caution. This article does not constitute personal investment advice, nor does it consider individual users’ specific investment objectives, financial situations, or needs. Users should assess whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Any investment made accordingly is at one’s own risk.