New stock news | Zijin Gold International submitted an application to the Hong Kong Stock Exchange. As of December 31, 2024, its gold reserves ranked ninth in the world.

According to the disclosure by the Hong Kong Stock Exchange on June 30, Zijin Gold International Limited (Zijin Gold International) has submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with Morgan Stanley and CITIC SEC as its joint sponsors. On the evening of May 26, Zijin Mining Group (02899) announced that the company plans to spin off its subsidiary Zijin Gold International to list on the Main Board of the Hong Kong Stock Exchange. The prospectus shows that Zijin Gold International is a leading global gold mining company formed by integrating all of Zijin Mining Group's gold mines (excluding China). The company inherits Zijin Mining Group's management competitive advantages in exploration, development, and operation of low-grade and difficult-to-extract resources, becoming a globally leading market-oriented gold mining company mainly engaged in gold exploration, mining, ore processing, smelting, refining, and sales. The company has acquired high-quality gold mine resources through global mergers and integrations, utilizing industry-leading proprietary geological exploration, research and development (R&D), engineering, construction, and mining operation capabilities, as well as advanced international environment, social, and governance (ESG) systems, enabling the company to achieve continuous increase in reserves, production, and efficient operation. As of the last practicable date, Zijin Gold International holds interests in 8 gold mines in gold-rich areas such as Central Asia, South America, Oceania, and Africa, namely the Tajikistan Ji'ao/Taro gold mine, the Kyrgyzstan Zuo'an gold mine, the Norton Gold Fields gold mine in Australia, the Aurora gold mine in Guyana, the Buritic gold mine in Colombia (through a Colombian trust arrangement), the Rosebel gold mine in Suriname, the Akyem gold mine in Ghana, and the Porgera gold mine in Papua New Guinea. Among these gold mines, the company controls and operates 7 mines and holds minority interests in the Porgera gold mine in Papua New Guinea. By adjusting the operating modes based on the unique characteristics of each mine, the company produces gold concentrates, dore gold, and gold ingots. Through continuous resource development and operational efficiency improvements, Zijin Gold International has established a leading position in the global gold mining industry and achieved strong growth performance, as shown in the figure below: Zijin Gold International mentioned in the prospectus that the company is one of the fastest-growing companies in the global gold mining industry. Starting from the acquisition of the Tajikistan Ji'ao/Taro gold mine in 2007, the company expanded its business through global acquisitions and the strengthening and expansion of operations of multiple large gold mines. According to Fraser Sullivan data, as of December 31, 2024, Zijin Gold International ranks ninth and eleventh globally in gold reserves and gold production for 2024. The compound annual growth rate of gold production from 2022 to 2024 reached 21.4%, and the compound annual growth rate of net profit attributable to the parent company was 61.9%. The controlling shareholder of Zijin Gold International, Zijin Mining Group, is a global leading mining company primarily engaged in mineral exploration and development. As of December 31, 2024, Zijin Mining Group owns over 30 large mining projects in 17 countries worldwide, covering metals such as gold, copper, lithium, zinc, etc. Zijin Mining Group's resource reserves and production, operating income and profit, total assets, and market value all rank among the top five global mining companies. In terms of performance, Zijin Gold International achieved revenues of approximately USD 1.818 billion, USD 2.262 billion, and USD 2.99 billion in the fiscal years 2022, 2023, and 2024, respectively. During the same periods, the annual net profits were approximately USD 290 million, USD 322 million, and USD 621 million. Zijin Gold International also mentioned in the prospectus that since December 31, 2024, based on the London Bullion Market Association (LBMA) gold prices, the spot price of gold has steadily risen from USD 2,644.6 per ounce on January 2, 2025 to USD 3,340.2 per ounce on June 26, 2025. Fluctuations in gold prices may impact the company's operational performance and financial results in 2025 and future periods.