ZIJIN GOLD INTL(02259.HK): Expected Net Profit of Approximately USD1.4 Billion for H1 2026, Surge of Around 169% YoY
NewTimeSpace News: Zijin Gold International Company Limited (02259.HK) announced on 9 July that it expects profit attributable to owners of the parent to reach roughly USD1.4 billion for the first half of 2026, representing a year-on-year increase of approximately 169% (compared with USD520 million in the same period last year). The growth is mainly driven by higher mined gold output (27 tonnes), rising gold selling prices and profit contributions from two newly acquired gold mines.
NewTimeSpace News: On 9 July 2026, Zijin Gold International Company Limited (02259.HK) released an inside information announcement. Based on preliminary estimates, the Group expects profit attributable to owners of the parent for the six months of 2026 to be approximately USD1.4 billion, an increase of about USD880 million or 169% year-on-year from roughly USD520 million recorded in the corresponding period of last year.
The earnings growth was mainly attributable to higher mined gold output (27 tonnes during the reporting period versus 19 tonnes in the same period last year), upward movement in selling prices of mined gold, as well as profit contributions from two producing gold mine assets – the Akyem Gold Mine in Ghana and Ridder Gold Mine in Kazakhstan, which completed transactions in April and October 2025 respectively. The profit forecast has not been reviewed, confirmed or audited by the auditors. Final figures will be disclosed in the formal interim results announcement.
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