Zijin Mining Group (02899) announces profit joy, expecting annual net profit attributable to shareholders to be approximately 32 billion yuan, an increase of about 51.5% year-on-year.

Zijin Mining Group (02899) announced that the company is expected to achieve a net profit attributable to equity shareholders of the listed company of approximately RMB 32 billion in 2024 (currency same below), an increase of approximately RMB 10.881 billion compared to the same period last year, representing a year-on-year increase of approximately 51.5%. It is expected that the company will achieve a net profit attributable to equity shareholders of the listed company excluding non-recurring gains and losses of approximately RMB 31.4 billion in 2024, an increase of approximately RMB 9.783 billion compared to the same period last year, representing a year-on-year increase of approximately 45.3%. In 2024, the company's mineral production includes 1,070,000 tons of copper (including an equity production of 195,000 tons from Kamoa Copper in 2023: 1,010,000 tons), 73 tons of gold (2023: 68 tons), 450,000 tons of zinc (lead) (2023: 470,000 tons), and 436 tons of silver (2023: 412 tons). In 2024, the company's main metal mining products saw both production and prices increase, with the rising cost trend effectively controlled, enhanced operational capabilities of overseas affiliated enterprises, and strengthened profit-making abilities. The company has set out the following production plans for its main mineral products in 2025: 1,150,000 tons of copper, 85 tons of gold, 440,000 tons of zinc (lead), 40,000 tons of lithium carbonate equivalent, 450 tons of silver, and 10,000 tons of molybdenum.