Zijin Mining Targets Gold and Copper Output Growth After Record Profit

Zijin Mining Group Co. reported a record net income of 52 billion yuan ($7.4 billion) in 2025, driven by surging prices for copper, gold, and silver. The firm, China's largest mining company, announced preliminary earnings late on Tuesday.

The company plans to increase its gold and copper production in 2026, with mined gold output targeting 105 tons and copper output aiming for 1.2 million tons. This represents a 17% and 10% year-on-year increase, respectively.

Zijin Mining aims to achieve a yearly 100-ton gold output target two years ahead of schedule, citing acquisitions in Ghana, Kazakhstan, and the expansion of its Julong copper mine in Tibet as key drivers of this production growth.

Why Did This Happen?

Zijin Mining's strong performance is attributed to higher commodity prices and strategic operational expansions. The company's gold unit, Zijin Gold International Co., reported an estimated net income surge of up to 233% to $1.6 billion in 2025.

The firm's recent spin-off of its gold unit and expansion of existing mines have contributed to its robust growth. This includes significant production increases from its operations in Africa and China's Tibet region according to market analysis.

How Did Markets React?

Zijin Mining shares more than doubled to a record high in 2025. As of 9:48 a.m. on Wednesday, the stock was up 3.2% at HK$36.50, reflecting investor confidence in the company's growth prospects.

The stock's strong performance aligns with the company's plans to expand its gold and copper output. Analysts note that Zijin's market value now rivals that of major global mining firms like Rio Tinto and BHP Group.

What Are Analysts Watching Next?

Investors and analysts are closely monitoring Zijin Mining's progress toward its production targets. The company's ability to meet or exceed its 2026 goals will be a key factor in determining its long-term success and market position.

Analysts also keep an eye on the global commodity price trends, as these will significantly influence Zijin's profitability and expansion efforts. Continued strong prices for copper and gold are seen as critical for the company's financial health.

The company's strategic acquisitions and mine expansions are expected to play a crucial role in sustaining its growth trajectory. Success in these areas will determine whether Zijin Mining can maintain its record-breaking performance into 2026.