BRIEF: Zijin Gold International’s profit triples on soaring gold prices
Zijin Gold International Co. Ltd. (2259.HK), spun off from Zijin Mining Group (2899.HK; 601899.SH) earlier this year, said on Tuesday it expects to report an annual profit of $1.5 billion to $1.6 billion for 2025, more than triple the $481 million it recorded in 2024.
The company attributed the sharp growth to several factors, led by an increase in its mine-produced gold output to about 46.5 tons in 2025 from 38.9 tons the previous year. Those gains were magnified by record high prices for gold, as two producing gold mines acquired this year contributed to the company’s business.
Zijin Gold International also said it expects its mine-produced gold next year to total about 57 tons, up 22.6% from its production in 2025.
Zijin Gold International focuses exclusively on gold mining outside China. The company was spun off from parent Zijin Mining Group this year and separately listed to accelerate its international expansion and bolster offshore financing capabilities to fund future projects and acquisitions.
Shares of Zijin Gold International opened up 2% at HK$146.90 on Wednesday. The stock has doubled since the company’s spinoff and separate listing.
By Lau Chi Hang
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