Zhi Tong Cai Jing·2025-09-20 08:20Group 1 - The core viewpoint of the news is that Zhaojin Mining's cornerstone investment in Zijin Gold International signifies a deepening strategic partnership between Zhaojin Mining and Zijin Mining [1][6] - Zijin Mining's spin-off of its high-growth gold enterprise, Zijin Gold International, has garnered significant attention due to the record high international gold prices this year [1] - Zijin Gold International's IPO has attracted 29 cornerstone investors, collectively subscribing for $1.6 billion worth of shares, with Zhaojin Mining's subsidiary, Spico, being the only industrial capital investor [1][2] Group 2 - Zhaojin Mining and Zijin Mining have a strong historical relationship, with Zijin Mining acquiring a 20% stake in Zhaojin Mining for 4.06 billion yuan at the end of 2022, making it the second-largest shareholder [2][3] - As of June 30, 2025, Zijin Mining is expected to hold an 18.2% stake in Zhaojin Mining through Jinshan International [2] - The two companies are collaborating on the development of the largest single gold mine in China and the first offshore gold mine, with Zhaojin Mining holding 70% and Zijin Mining 30% of the offshore gold mine [3] Group 3 - Zhaojin Mining's strategic investment in Zijin Gold International is anticipated to yield long-term returns for itself and its shareholders [6] - Zijin Gold International is positioned as a leading global gold mining company, with significant resources and projected to rank ninth in gold reserves and eleventh in gold production by the end of 2024 [6] - The compound annual growth rate of Zijin Gold International's net profit attributable to shareholders is expected to reach 61.9% from 2022 to 2024, indicating high growth potential [6]