Zijin Mining issued a profit forecast, expecting a net profit of approximately 32 billion yuan for the year 2024, an increase of about 51.5% year-on-year
Zijin Mining expects a net profit of approximately 32 billion yuan for the year 2024, an increase of about 51.5% year-on-year. The company mined 1.07 million tons of copper, 73 tons of gold, 450,000 tons of zinc (lead), and 436 tons of silver, all of which have increased compared to the year 2023. The main metal mineral products have seen both volume and price increases, the rising cost trend has been effectively curbed, and the operational capabilities of overseas subsidiaries have improved, enhancing profitability
According to the Zhitong Finance APP, Zijin Mining (601899.SH) announced that the company expects to achieve a net profit attributable to shareholders of the listed company of approximately 32 billion yuan for the year 2024, an increase of about 10.881 billion yuan compared to the same period last year, representing a year-on-year increase of approximately 51.5%.
For the year 2024, the company expects to produce 1.07 million tons of copper (including 195,000 tons from the Kamoa Copper project; 1.01 million tons in 2023); 73 tons of gold (68 tons in 2023); 450,000 tons of zinc (lead) (470,000 tons in 2023); and 436 tons of silver (412 tons in 2023).
In 2024, the company's main metal mineral products are expected to see both volume and price increases, the upward trend of costs will be effectively curbed, and the operational capabilities of overseas subsidiaries will improve, enhancing profitability
