Zijin Gold International Posts Strong Q1 2026 Results; Revenue Doubles to USD2.06 Billion, Net Profit Quadruples

Bulletin Express
04/21

Zijin Gold International Company Limited (Zijin Gold International) released its unaudited results for the three months ended 31 March 2026, highlighting a sharp surge in earnings and operational expansion following its 2025 acquisitions.

Revenue and Earnings Group revenue reached USD2.06 billion, up 137.70% from USD864.91 million a year earlier. Profit before tax jumped to USD1.26 billion, a 367.26% increase versus USD270.56 million in the first quarter of 2025. Profit attributable to shareholders rose to USD807.29 million, marking year-on-year growth of 385.32%. Net cash from operating activities climbed to USD1.22 billion, almost six times the USD205.24 million generated in the prior-year period.

Balance-Sheet Strength Total assets stood at USD13.66 billion as of 31 March 2026, an 8.69% rise from end-2025. Equity attributable to shareholders increased 10.01% to USD9.21 billion, while net current assets improved 15.24% to USD4.45 billion. The debt ratio eased to 28.19% from 29.22%, underlining a healthier leverage profile.

Operational Performance Mine-produced gold output reached 13.46 tonnes in the quarter, boosted by first-time contributions from the Akyem mine in Ghana and the Raygorodok mine in Kazakhstan, both acquired in 2025. The Group’s all-in sustaining cost (AISC) averaged USD1,638 per ounce, up 9.12% from USD1,501 per ounce for full-year 2025, primarily reflecting higher gold prices and related royalty payments.

Outlook Management plans to intensify exploration, accelerate technology upgrades, tighten cost control, and advance the acquisition of Allied Gold Corporation in the second quarter of 2026 to reinforce core competitiveness.

The disclosed figures are unaudited and may be subject to adjustment. Investors are advised to exercise caution when dealing in the Company’s securities.

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