Zijin Gold International (02259.HK) saw its stock price surge by 5.20% in Tuesday's trading session, following news that its parent company, Zijin Mining, has completed a significant acquisition in Kazakhstan.

Zijin Mining, through its controlled subsidiary Zijin Gold International, has finalized the acquisition of a 100% interest in Kazakhstan's Raygorodok Gold Mine (RG Gold Mine). The RG Gold Mine boasts substantial resources, with proven reserves as of June 30, 2025, showing measured and indicated ore reserves of 208 million tons and gold metal content of 197.4 tons. The mine's proven reserves amount to 97 million tons of ore with 87 tons of gold metal content.

This acquisition is expected to have a significant positive impact on Zijin Mining's operations and, by extension, Zijin Gold International. The RG Gold Mine is a large-scale operating open-pit mine with strong profitability and a favorable economic outlook. It has been producing approximately 6 tons of gold annually during 2023-2024 and has potential for improvement. This acquisition will help Zijin Mining achieve its 2028 target of 100-110 tons of mineral gold production. Moreover, it increases Zijin Gold International's operating gold mines to 9, further strengthening its asset scale, profitability, and global industry position while creating synergistic effects with other Central Asian gold mines.