Zijin Mining(SH:601899) 中国基金报·2025-06-30 04:41Core Viewpoint - Zijin Mining plans to acquire a gold mine in Kazakhstan for $1.2 billion, aiming to accelerate its overseas resource expansion [2][5][10] Group 1: Acquisition Details - The acquisition involves 100% equity of RG Gold LLP and RG Processing LLP, which hold the Raygorodok gold mine project in Kazakhstan [2][7] - The transaction is based on a "cash-free, debt-free" principle, with the final purchase price subject to adjustments based on the financial statements as of September 30, 2025 [2][8] - The RG gold mine project has a remaining service life of 16 years, with average annual gold production expected to be around 5.5 tons [8][10] Group 2: Financial Performance - As of the end of 2024, the combined assets of RGG and RGP are projected to be $566 million, with total liabilities of $275 million and net assets of $291 million [8] - The projected sales revenue for 2024 is $473 million, with a net profit of $202 million [8] - Zijin Mining reported a revenue of 303.64 billion yuan for 2024, a year-on-year increase of 3.49%, and a net profit of 32.051 billion yuan, up 51.76% [11] Group 3: Strategic Implications - The acquisition is expected to significantly enhance Zijin Mining's asset scale, profitability, and global industry position, aiding its planned IPO in Hong Kong [5][11] - The RG gold mine is anticipated to create synergies with Zijin's existing projects in Tajikistan and Kyrgyzstan, facilitating deeper engagement in the resource-rich Central Asian region [10][11] - The project is characterized by large resource volumes, low comprehensive costs, and potential for operational improvements [10]