Zijin gold unit says it tops the world in output growth before US$3 billion Hong Kong IPO

Core Viewpoint - Zijin Gold International is positioned as the world's fastest-growing gold producer, preparing for a significant IPO in Hong Kong that could be the second-largest sale in the city this year [1][4]. Company Overview - Zijin Gold International, established in 2007, manages Zijin Mining's overseas gold mines across various countries including Tajikistan, Kyrgyzstan, Australia, Guyana, Colombia, Suriname, Ghana, and Papua New Guinea [3]. - The company reported an average annual gold output growth of 21.4% from 2022 to 2024, producing 1.5 million ounces of gold last year and holding 26.1 million ounces in reserves [2]. IPO Details - The company plans to initiate "book-building" for its Hong Kong IPO, aiming to raise over US$3 billion, which would value the company at US$30 billion [4]. - The IPO is expected to attract strong interest from investors, driven by a desire to diversify assets amid anticipated US interest rate cuts and inflation concerns [5][6].