HK Stock Market Move | Zijin Gold International (02259) rose more than 6%, and the acquisition of the Raygorodok gold mine project in Kazakhstan has been completed and delivered.

ZIJIN GOLD INTL (02259) rose more than 6%, reaching a 6.13% increase as of the time of publication, trading at 138.3 Hong Kong dollars with a turnover of 141 million Hong Kong dollars. On the news front, on October 12th, ZIJIN GOLD INTL announced that its subsidiary, ZIJIN MINING, has acquired 100% equity of the Raygorodok gold mine in Kazakhstan through its wholly-owned subsidiary. As all the conditions precedent stipulated in the agreement have been fulfilled or waived, the acquisition was completed on October 10, 2025, and ZIJIN GOLD INTL now holds 100% equity of the RG gold mine. As of June 30, 2025, the RG gold mine project has the following resources: a total of 208 million tonnes of ore at the controlled + inferred level, with an average gold grade of 1.0 grams per tonne and a total gold metal content of 197.4 tonnes; and reserves of 97 million tonnes of ore, with an average gold grade of 0.9 grams per tonne and a total gold metal content of 87 tonnes. After the completion of the RG gold mine delivery, the company will accelerate the advancement of the project feasibility study and surface mining optimization. In the current gold price environment, it is expected to further increase the utilization of surface mining resources and expand the scale of mining production. The company believes that the RG gold mine is located in the gold metallogenic belt of Kazakhstan, with a large resource base, serving as a large-scale operating open-pit mine with a long service life, well-established infrastructure, mature project selection and beneficiation processes, low overall costs, strong profitability, and the ability to contribute production and profits to ZIJIN MINING in the year of acquisition. The expected investment payback period is short, and it is expected to bring good economic benefits. The RG gold mine is expected to produce an average of 6 tonnes of gold per year from 2023 to 2024, with normal production operations and room for further improvement, significantly supporting ZIJIN MINING's goal of 100-110 tonnes of gold production in 2028.