Market Insight

2024.07.09 09:28

Market News ZIJIN MINING(02899)expects 1H profit to increase 41%-50%

(Infocast News) Zijin Mining Group Co., Ltd.(02899) announced that it is estimated that the Company realised a net profit attributable to owners of the listed company of approximately RMB14.55-15.45 billion for the first half of 2024, representing an increase of approximately RMB4.248-5.148 billion, or an increase of approximately 41%-50% compared with the same period last year. Main reasons for the estimated increase in operating results for the reporting period : (I) Increase in production volume of main mineral products during the reporting period compared with the same period last year: the Company’s production volume of mine-produced gold was approximately 35.4tonnes, representing an increase of 9.6% compared with the same period last year (same period last year: 32.3tonnes); production volume of mine-produced copper was approximately 518 thousand tonnes, representing an increase of 5.3% compared with the same period last year (same period last year: 492 thousand tonnes); production volume of mine-produced silver was approximately 210.3 tonnes, representing an increase of 1.3% compared with the same period last year (same period last year: 207.6 tonnes). (II) Sales prices of mine-produced gold, mine-produced copper and mine-produced silver during the reporting period have increased compared with the same period last year. (SY) (SY)

Data Source：INF