Zijin Mining(SH:601899) Zhong Guo Zheng Quan Bao·2026-02-10 20:22Group 1: Company Announcements - Multiple listed companies are increasing their gold business through acquisitions, with Zijin Mining announcing plans to reach gold production of 105 tons by 2026 [1] - Jinhui Co. signed an agreement to acquire 100% of Fusheng Mining for 210 million yuan, which holds a mining license for a gold mine with an annual production capacity of 50,000 tons [1] - Zijin Mining's subsidiary, Zijin Gold International, plans to acquire Allied Gold Corporation for approximately 5.5 billion CAD (about 28 billion yuan), targeting gold resources of 533 tons [2] Group 2: Production and Financial Projections - Zijin Mining's production plan includes targets of 105 tons of gold, 120 tons of copper, and 520 tons of silver by 2026, with further growth expected by 2028 [2][3] - The company anticipates a net profit of 51 to 52 billion yuan for 2025, a year-on-year increase of 59% to 62%, with significant increases in production across key minerals [3] Group 3: Market Trends and Consumption - China's gold consumption is projected to decline by 3.57% in 2025, while gold production is expected to increase by 1.09% [4] - The demand for gold in industrial applications is rising, driven by emerging industries, despite a decrease in jewelry consumption [4][5] - Global gold demand is expected to exceed 5,000 tons for the first time, with a total value reaching 555 billion USD, marking a 45% year-on-year increase [5]