Hua Xia Shi Bao·2025-10-19 06:41Core Viewpoint - Zijin Mining is strategically expanding its growth potential through significant acquisitions, particularly in the context of rising gold prices, with the recent acquisition of the Raygorodok gold mine in Kazakhstan being a key move [2][6]. Group 1: Acquisition Details - Zijin Mining's subsidiary, Zijin Gold International, has completed a 100% acquisition of the Raygorodok gold mine, with the deal finalized on October 10 [2]. - The acquisition coincides with a substantial increase in gold prices, with New York gold futures surpassing $4,360 per ounce and London spot gold reaching $4,352.91 per ounce, marking over 40 new highs in 2023 [2]. - The Raygorodok mine is expected to provide immediate production and profit, with a short investment return period and high economic benefits anticipated [2]. Group 2: Market Position and IPO - Zijin Gold International successfully listed on the Hong Kong Stock Exchange on September 30, raising nearly HKD 25 billion and achieving a market capitalization exceeding HKD 310 billion [3]. - The stock price peaked at HKD 158, doubling from the IPO price, although it later fell to HKD 147.2, reflecting a decline of approximately 6.84% from its high [3]. - The rapid inclusion of Zijin Gold International in the Hong Kong Stock Connect program within 16 days of its IPO is notable, indicating strong market interest and compliance with index inclusion rules [4][5]. Group 3: Strategic Expansion - The acquisition of the Raygorodok mine is part of Zijin Mining's broader strategy to deepen its presence in Central Asia, following previous investments in Serbia, Colombia, and Guyana [6]. - The mine's resources include 208 million tons with a metal content of 197.4 tons, and it is expected to produce an average of 6 tons of gold annually from 2023 to 2024 [8]. - The acquisition enhances Zijin Mining's international gold reserves, with total equity gold resources reaching 1,812.7 tons and reserves of 851.9 tons, positioning the company among the top ten globally [8]. Group 4: Operational Synergies - The Raygorodok mine will create synergies with existing operations in Tajikistan and Kyrgyzstan, optimizing resource allocation and reducing operational costs [9]. - Significant investments will be required for the mine's upgrades, estimated at approximately $230,000, aimed at enhancing production capacity and quality [10].