Zijin Gold International Company Limited announced a revision to the deployment of funds raised from its September 2025 Hong Kong IPO, which generated net proceeds of HKD28.30 billion (USD3.64 billion).

The board has resolved to transfer the remaining USD214.00 million originally earmarked to complete the purchase of the Raygorodok Gold Mine in Kazakhstan to finance intensified exploration across all existing group mines. The Raygorodok transaction was fully settled on 10 October 2025, leaving these proceeds unutilised under their initial mandate.

Post-reallocation, the updated balance of unspent IPO funds stands at USD2.64 billion, allocated as follows: • Mine upgrade and construction projects – USD1.82 billion (69.10% of unutilised proceeds), covering the Akyem Gold Mine in Ghana (USD742.00 million), the Rosebel Gold Mine in Suriname (USD480.00 million) and ongoing work at Raygorodok (USD600.00 million). • Exploration activities at all group-operated mines – USD450.00 million (17.08%), incorporating the newly reallocated USD214.00 million. • General corporate purposes – USD364.00 million (13.81%).

All remaining funds are scheduled for deployment by December 2027, subject to business needs and prevailing market conditions. The board stated that the revised plan optimises capital efficiency, strengthens resource reserves through expanded geological work and has no adverse impact on current operations.

Shareholders are advised to exercise caution when dealing in the company’s securities.