Zijin Mining Group (02899) reported net profit attributable to shareholders of approximately RMB 57.526 billion for the first three quarters, up 51.93% year on year.

Zijin Mining Group (02899) announced its results for the first three quarters of 2026, with operating revenue of approximately RMB 283.453 billion, up 11.51% year on year; net profit attributable to shareholders of the listed company of approximately RMB 57.526 billion, up 51.93% year on year; and basic earnings per share of RMB 2.163. The announcement said the substantial growth in results was mainly attributable to: first, the in-depth implementation of the overall working policy of "improving quality, increasing output, controlling costs and enhancing efficiency," coordinated strengthening of production organization and operational management, and the steady release of output from key mineral varieties; second, effective control of the growth rate of cash costs per tonne of ore; and third, benefiting from sharp increases in the prices of main metals and by-products, the gross profit margin of mineral products rose significantly year on year, allowing the company to fully enjoy the dividends of price increases. In the gold segment, the company achieved mined gold output of 70 tonnes, up 8% year on year. Capacity continued to be released from incremental projects such as the Akyem gold mine and the Reko Diq gold mine. The acquisition of control over Chifeng Jilong Gold Mining was successfully completed on October 22, 2026. Through obtaining control of Chifeng Jilong Gold Mining, the company successfully acquired a batch of producing gold mines with favorable mineralization conditions and excellent resource endowments; this acquisition is a new layout by the company in an important gold metallogenic belt, and will effectively enhance the company's gold resource reserves, increase the scale of its gold output, and continuously consolidate its position and influence in the global gold industry. In the copper segment, the company achieved mined copper output of 820,000 tonnes; excluding Kamoa, mined copper output was 730,000 tonnes, up 6% year on year on a comparable basis. The Juno copper mine added 2.75 million tonnes of filed copper metal resources during the reporting period, with cumulative identified copper metal resources of 5.69 million tonnes, equivalent to "recreating a Juno copper mine." Project construction is currently proceeding in an orderly manner and is expected to be put into operation by the end of 2026; the main works of the Xiongcun copper mine have successively commenced construction and are expected to be put into operation by the end of 2028. Against the backdrop of slowing global copper output growth, the company will continue to leverage its industry-leading geological exploration and full-process mining engineering management advantages to ensure the phased implementation of incremental projects in the copper segment and the continuous release of production capacity. In the lithium segment, the company achieved equivalent lithium carbonate output of 79,000 tonnes (including 10,000 tonnes from Zangge Mining), a substantial year-on-year increase. Capacity at the 3Q salt lake lithium mine, the Laguocuo salt lake lithium mine and the Xiangyuan hard-rock lithium mine ramped up steadily; the Manono lithium mine completed trial feeding of its flotation system in July 2026, and the Kigoma port has started upgrade and renovation, expected to be completed in the second half of 2027, which is expected to fully open up the transport corridor in eastern Africa.