Ge Long Hui·2026-02-10 02:52Core Viewpoint - Bank of America Securities reports that Zijin Mining has raised its production guidance for gold, copper, and lithium for the years 2026 to 2028, indicating strong long-term growth potential and favorable commodity price outlooks [1] Production Guidance - Zijin Mining expects gold production to reach 130 to 140 tons by 2028, up from the previous guidance of 100 to 110 tons, with a compound annual growth rate (CAGR) of 13% to 16% from 2025 to 2028 [1] - The company projects copper production to reach 1.5 to 1.6 million tons by 2028, reflecting a CAGR of 11% to 14% during the same period [1] - Lithium production guidance has been increased to 270,000 to 320,000 tons for 2028, up from the previous range of 250,000 to 300,000 tons, indicating a CAGR of 121% to 134% from 2025 to 2028 [1] Investment Rating - Bank of America Securities reaffirms Zijin Mining as a preferred stock, maintaining a "Buy" rating with target prices of HKD 50 for H-shares and HKD 45 for A-shares, citing strong long-term production growth, strict cost control, and reasonable valuation [1]