Zhi Tong Cai Jing·2026-02-11 03:19Core Viewpoint - Zijin Mining (02899) has seen a stock increase of over 3% following the announcement of its production guidance for the next three years, indicating strong long-term growth potential in production [1] Group 1: Production Guidance - Zijin Mining has approved a three-year production plan for major mineral products from 2026 to 2028, with a long-term vision for 2035 [1] - The company has raised its gold production forecast for 2028 to between 130 to 140 tons, up from the previous guidance of 100 to 110 tons [1] - The expected compound annual growth rate (CAGR) for gold production from 2025 to 2028 is projected to be between 13% to 16% [1] Group 2: Copper Production - Zijin Mining has set a target for copper production to reach between 1.5 million to 1.6 million tons by 2028 [1] - The CAGR for copper production from 2025 to 2028 is anticipated to be between 11% to 14% [1] Group 3: Market Outlook - Citigroup believes that Zijin Mining's production will continue to grow steadily in the coming years due to existing mine expansion plans and acquisitions [1] - Bank of America Securities views the company's long-term production growth as strong, with strict cost control and reasonable valuation, while being optimistic about the outlook for gold and copper prices [1]