Zijin Mining Group (601899.SH) has announced an expected increase in net profit for the year 2024 to be approximately 32 billion yuan, an increase of about 51.5% year-on-year.

Zijin Mining Group (601899.SH) announced that the company expects to achieve a net profit attributable to shareholders of approximately 32 billion yuan in 2024, representing an increase of about 10.881 billion yuan compared to the same period last year, a year-on-year increase of about 51.5%. In 2024, the company's mineral production is expected to be 1.07 million tons of copper (including a share of 195,000 tons from the Kamoa Copper project; 1.01 million tons in 2023), 73 tons of gold (68 tons in 2023), 450,000 tons of zinc (lead) (470,000 tons in 2023), and 436 tons of silver (412 tons in 2023). In 2024, the company's main metal ore production is expected to increase in both quantity and price, cost increases have been effectively controlled, the operational capabilities of overseas subsidiaries have improved, and profitability has strengthened.