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Zijin Mining Group Co ( (HK:2899) ) has shared an update.
Zijin Mining Group Co., Ltd. has announced an estimated increase in its operating results for the year ending December 31, 2024. The company projects a net profit of approximately RMB32.0 billion, marking a 51.5% rise compared to the previous year. This surge in profitability is attributed to increased production volumes, higher sales prices of major metallic minerals, and improved operational capabilities of its overseas subsidiaries. The company also outlined its production volume plan for 2025, targeting further increases in copper, gold, and silver production, along with new ventures into lithium carbonate and molybdenum.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a prominent player in the mining industry, focusing primarily on the extraction and production of metallic minerals such as copper, gold, zinc, lead, and silver. The company is known for its extensive mining operations, including significant contributions from its overseas subsidiaries, and is actively involved in expanding its production capabilities.
YTD Price Performance: 11.11%
Average Trading Volume: 34,580
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $57.12B
For an in-depth examination of 2899 stock, go to TipRanks’ Stock Analysis page.
