Zijin Mining forecasts 68% profit jump to RMB 39.1 billion

Zijin Mining Group Co. said first-half net profit will rise about 68% to approximately RMB 39.1 billion, as the Chinese miner boosted production of key minerals despite volatile metal prices.

"The company's main businesses continued to advance steadily," the board said in a filing to the Hong Kong stock exchange. Zijin cited higher production volumes of key mineral products and substantially higher selling prices for rare and precious metals including molybdenum, tungsten and tin.

Net profit after excluding non-recurring items reached approximately RMB 37.9 billion, up 75% from a year earlier, the company said. Second-quarter recurring profit came in at about RMB 19.4 billion, roughly 5% higher than the first quarter. The prior-year comparable period recorded basic earnings per share of RMB 0.877.

The profit alert comes as Zijin ramps up output from recently acquired assets. The Aghim and Ruiguoduo gold mines, acquired by its Zijin Gold International unit in 2025, continued to contribute incremental production. The Julong Copper Mine steadily increased output, while the Manono lithium mine in Africa achieved heavy-media separation commissioning in May, about one month ahead of schedule. Construction of the Shapingou molybdenum mine in Anhui province began in mid-June, with full ramp-up expected to yield about 22,100 metric tons of molybdenum annually.

The guidance signals management expects production growth to offset commodity price volatility. Investors will watch the interim results filing for updated segment margins and full-year production targets.

This article is for informational purposes only and does not constitute investment advice.