Zijin Mining(HK:02899) 智通财经网·2025-06-30 22:47Core Viewpoint - Zijin Gold International Limited is seeking to list on the Hong Kong Stock Exchange, with Morgan Stanley and CITIC Securities as joint sponsors, following a decision by Zijin Mining Group to spin off its subsidiary for this purpose [1][4]. Group 1: Company Overview - Zijin Gold International is formed by integrating all gold mining operations of Zijin Mining Group outside of China, positioning itself as a leading global gold mining company [4]. - The company focuses on gold exploration, mining, processing, refining, and sales, leveraging its management advantages in low-grade resource exploration and development [4]. - As of the latest feasible date, Zijin Gold International holds interests in eight gold mines located in resource-rich regions such as Central Asia, South America, Oceania, and Africa [4]. Group 2: Performance Metrics - Zijin Gold International has established a leading position in the global gold mining industry, achieving a compound annual growth rate (CAGR) of 21.4% in gold production from 2022 to 2024, and a CAGR of 61.9% in net profit attributable to shareholders [7][5]. - The company reported revenues of approximately $1.818 billion, $2.262 billion, and $2.990 billion for the years 2022, 2023, and 2024, respectively, with net profits of about $290 million, $322 million, and $621 million during the same period [8]. Group 3: Market Position - According to Frost & Sullivan, Zijin Gold International ranks ninth globally in gold reserves and eleventh in gold production as of December 31, 2024 [7]. - The parent company, Zijin Mining Group, is a leading mining company with over 30 major mining projects across 17 countries, ranking among the top five globally in terms of resource reserves, production, revenue, and market capitalization [7].