Zijin Mining Group Co (HK:2899) has released an update.
Zijin Mining Group Co. has reported a significant increase in its net profit for the first half of 2024, with an estimated growth of 41%-50% from the previous year, reaching approximately RMB 14.55-15.45 billion. After adjusting for non-recurring profits or losses, the net profit is expected to rise by 54%-63%. This financial surge is attributed to increased production volumes and sales prices of their main mineral products, specifically mine-produced gold, copper, and silver.
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