Ge Long Hui·2025-10-12 10:33Core Viewpoint - Zijin Mining has successfully completed the acquisition of 100% equity in the Raygorodok gold mine in Kazakhstan, which is expected to enhance its production capacity and profitability in the gold mining sector [1][2] Group 1: Acquisition Details - The acquisition was finalized on October 10, 2025, after all conditions precedent were met or waived [1] - The Raygorodok gold mine has a resource reserve of 208 million tons with an average gold grade of 1.0 grams per ton, amounting to 197.4 tons of gold [1] - The mine's proven reserves are 97 million tons with an average gold grade of 0.9 grams per ton, equating to 87 tons of gold [1] Group 2: Economic Impact - The mine is expected to contribute approximately 6 tons of gold annually from 2023 to 2024, supporting Zijin Mining's goal of producing 100-110 tons of gold by 2028 [2] - The acquisition is anticipated to provide immediate production and profit contributions, with a short investment payback period and strong economic benefits [2] - The successful acquisition increases Zijin Mining's operational gold mines to nine, solidifying its asset scale and profitability [2] Group 3: Strategic Advantages - The Raygorodok mine is located in a significant gold-producing region, featuring large resource volumes, long service life, and mature processing technology [2] - The mine's integration with other regional operations in Tajikistan and Kyrgyzstan is expected to enhance logistics, technical management, and talent allocation, improving Zijin Mining's competitive position in Central Asia [2] - This acquisition is seen as a new growth driver for Zijin Mining, enhancing its regional risk resilience and overall competitiveness [2]