3 6 Ke·2025-10-14 07:56Core Viewpoint - Zijin Mining has acquired 100% equity of the Raygorodok gold mine in Kazakhstan for approximately 12 billion USD (about 86 billion RMB), which is expected to significantly support its gold production targets for 2028 [1][2] Company Summary - Zijin Mining's subsidiary, Zijin Gold International, completed the acquisition of the RG gold mine, which has an average annual gold production of about 6 tons for 2023-2024 [1] - Following this acquisition, Zijin Gold International now operates 9 gold mines, enhancing its production capacity [1] - The acquisition price is based on a "no cash, no debt" principle as of September 30, 2025, and will be adjusted according to the financial status of the target company [1] Industry Summary - Zijin Gold International is projected to produce 1.3 million ounces (approximately 40.4 tons) of gold in 2024, ranking 11th globally, with gold revenue accounting for 94.9% of its total revenue [2] - The compound annual growth rate (CAGR) for gold production from 2022 to 2024 is expected to be 21.4%, making it the fastest-growing among the top fifteen gold mining companies [2] - The net profit CAGR for the same period is projected to be 61.9% [2] - The global gold market is experiencing a "gold rush," with gold prices reaching historical highs, and forecasts suggest continued strong demand from central banks in emerging markets [2]