智通财经网·2025-10-12 10:37Core 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] 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 reserves include 97 million tons of ore with an average gold grade of 0.9 grams per ton, equating to 87 tons of gold [1] Group 2: Strategic Implications - The acquisition will allow Zijin Mining to accelerate project feasibility studies and optimize open-pit mining boundaries, potentially increasing resource utilization and expanding production scale [1] - The Raygorodok mine is located in a significant gold mineralization belt in Kazakhstan, characterized by large resource volumes, long service life, and mature processing technology, which contributes to lower comprehensive costs and strong profitability [1] - 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 [1] Group 3: Operational Synergies - With the acquisition, Zijin Mining's operational gold mines increase to nine, strengthening its asset scale, profitability, and global industry position [2] - The Raygorodok mine will synergize with other mines in Tajikistan and Kyrgyzstan in logistics, technical management, and talent allocation, enhancing Zijin Mining's resilience and competitiveness in Central Asia [2]