ET Net News Agency 20th exclusive report: Zijin Gold International (02259) is currently down 3.6%, trading at HK$143, with approximately 60,000 shares traded, involving HK$92.1 million. Zijin (02899) is down 3.5%, trading at HK$30.84.
Zijin Mining and Zijin Gold International announced separately that Zijin Gold International's profit for the first three quarters ended September 30 reached US$2.01 billion, an increase of 1.2 times. Looking ahead to the fourth quarter, the group will continue to enhance gold production output from various mines, optimize mineral recovery rates, focus on cost control, deepen the advancement of mine technical upgrades and expansion projects, and further increase exploration efforts.
Zijin Gold International stated that revenue for the first three quarters reached US$5.8 billion, up 70%, with pre-tax profit reaching US$3.3 billion, an increase of 1.2 times. Cumulative gold production amounted to approximately 41 tons, an increase of about 28%. Net cash flow from operating activities surged approximately 1.6 times. The increase in revenue and profit was due to continuously improved effectiveness in resource integration and refined operational management, as well as synergies from newly acquired mines. During the period, operations at eight controlled producing mines remained generally stable. Output at some mines was slightly lower due to temporary factors such as equipment maintenance and geological condition changes in the third quarter; during the third quarter, the group advanced multiple technical upgrades and equipment enhancement projects.
Currently, the Hang Seng Index stands at 23,990, down 196 points or 0.8%, with main board turnover exceeding HK$3.1 billion. The Hang Seng China Enterprises Index is at 8,078, down 49 points or 0.6%. The Hang Seng Tech Index is at 4,055, down 52 points or 1.3%. (nw)
Zijin Mining and Zijin Gold International announced separately that Zijin Gold International's profit for the first three quarters ended September 30 reached US$2.01 billion, an increase of 1.2 times. Looking ahead to the fourth quarter, the group will continue to enhance gold production output from various mines, optimize mineral recovery rates, focus on cost control, deepen the advancement of mine technical upgrades and expansion projects, and further increase exploration efforts.
Zijin Gold International stated that revenue for the first three quarters reached US$5.8 billion, up 70%, with pre-tax profit reaching US$3.3 billion, an increase of 1.2 times. Cumulative gold production amounted to approximately 41 tons, an increase of about 28%. Net cash flow from operating activities surged approximately 1.6 times. The increase in revenue and profit was due to continuously improved effectiveness in resource integration and refined operational management, as well as synergies from newly acquired mines. During the period, operations at eight controlled producing mines remained generally stable. Output at some mines was slightly lower due to temporary factors such as equipment maintenance and geological condition changes in the third quarter; during the third quarter, the group advanced multiple technical upgrades and equipment enhancement projects.
Currently, the Hang Seng Index stands at 23,990, down 196 points or 0.8%, with main board turnover exceeding HK$3.1 billion. The Hang Seng China Enterprises Index is at 8,078, down 49 points or 0.6%. The Hang Seng Tech Index is at 4,055, down 52 points or 1.3%. (nw)
