Core Viewpoint - Zijin Mining has announced its three-year production plan for major mineral products from 2026 to 2028, aiming to enhance its resource reserves and production capacity, with gold and copper output expected to rank among the top three globally by 2028 [1][3] Group 1: Production Plans and Goals - The company plans to produce 105 tons of gold, 120,000 tons of copper, 520 tons of silver, 400,000 tons of zinc/lead, 120,000 tons of lithium carbonate equivalent, and 15,000 tons of molybdenum by 2026 [1] - By 2028, Zijin Mining aims to further improve its rankings in resource reserves, production output, sales revenue, asset scale, and profit [1] Group 2: Performance and Capacity Expansion - Zijin Mining is focused on maximizing the production capacity of its key mineral products, particularly in the lithium sector, and is set to launch several major construction projects [3] - The company is accelerating production at several gold mines, including those in Papua New Guinea, Australia, Colombia, Guyana, Tajikistan, and Kyrgyzstan, while also enhancing domestic production capabilities [3] - In the copper sector, Zijin Mining is expediting the production capacity of its three major copper mines, including the Jilong Copper Mine and the Kamoa-Kakula Copper Mine in the Democratic Republic of Congo [3] Group 3: Financial Performance and Forecast - Zijin Mining expects a net profit of 51 to 52 billion yuan for 2025, representing a year-on-year increase of 59% to 62% [5] - The company anticipates an increase in the production of major mineral products in 2025, including approximately 90 tons of gold and 1.09 million tons of copper [5] Group 4: Recent Acquisitions and Developments - Zijin Mining's subsidiary, Zijin Gold International, has signed an agreement to acquire Allied Gold Corporation for approximately 5.5 billion Canadian dollars (about 28 billion yuan), which includes several gold mining assets [6] - The second phase of the Jilong Copper Mine has been completed, increasing its production capacity to 350,000 tons per day, with significant increases in annual copper and molybdenum production expected [7]
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