Zijin Gold International Forecasts Mid-Year Net Profit Attributable to Shareholders of Approximately US$1.4 Billion, Up Roughly 169% Year-on-Year

Stock News
07/09

Zijin Gold International has issued an announcement providing its earnings forecast.

The group anticipates that for the six months ending June 30, 2026, the net profit attributable to owners of the parent company will be approximately US$1.4 billion. This represents an increase of about US$880 million compared to the same period last year, equating to a year-on-year rise of approximately 169%.

The primary reasons for the expected significant profit growth are twofold. Firstly, the company's mined gold production increased during the reporting period. Output rose year-on-year to around 27 tonnes, compared to approximately 19 tonnes in the first half of 2025, which excluded production from the Porgera gold mine.

Secondly, favorable market conditions and successful acquisitions contributed positively. During the reporting period, the sales price for mined gold was higher year-on-year. Furthermore, two producing gold mine projects—the Akyem gold mine in Ghana and the Rigoldo gold mine in Kazakhstan—which were acquired and completed in April and October 2025 respectively, contributed profits during this period, positively impacting the group's overall performance.

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