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ZIJIN MINING(601899):3Q25 EARNINGS HIT A NEW HIGH; COPPER AND GOLD TO DRIVE RE-RATING
Ge Long Hui· 2025-10-24 04:40
The firm's earnings grew sharply YoY and QoQ due to rising sales volume and higher prices of its products. Mined copper: Lower production volume, higher prices, and higher costs. In 3Q25, copper prices rose 2.1% QoQ to Rmb79,785/t. Copper output was 829,900t in 1–3Q25, and declined by 16,200t QoQ to 263,100t in 3Q25, mainly due to the impact of the Kamoa-Kakular copper mine. Production costs rose 4% YoY in 3Q25 to Rmb25,400/t. 3Q25 results beat our expectations In 1–3Q25, Zijin Mining's revenue rose 10.33% ...