According to a research report published by Morgan Stanley, Zijin Gold International's management reiterated its target gold production target of about 59 tons this year, and through endogenous growth, the target is to increase production capacity to about 70 tons by 2028. In addition, the company is formulating a dividend policy, and the payout ratio will be linked to profitability. Damo pointed out that Zijin Gold International is promoting a number of mergers and acquisitions targeting large-scale gold assets, with reserves of about 100 tons and an annual output of about 10 tons; priority acquisition regions are Central Asia, South America and Africa, and the gold price assumptions used when evaluating new acquisitions are 3,000 to 3,500 US dollars per ounce. On the other hand, the company expects capital expenditure to expand production from 2026 to 28 to 3.1 billion US dollars, and the annual maintenance capital expenditure is expected to be 300 million to 500 million US dollars. The bank maintained the company's “gain” rating, with a target price of HK$189.

According to a research report published by Morgan Stanley, Zijin Gold International's management reiterated its target gold production target of about 59 tons this year, and through endogenous growth, the target is to increase production capacity to about 70 tons by 2028. In addition, the company is formulating a dividend policy, and the payout ratio will be linked to profitability. Damo pointed out that Zijin Gold International is promoting a number of mergers and acquisitions targeting large-scale gold assets, with reserves of about 100 tons and an annual output of about 10 tons; priority acquisition regions are Central Asia, South America and Africa, and the gold price assumptions used when evaluating new acquisitions are 3,000 to 3,500 US dollars per ounce. On the other hand, the company expects capital expenditure to expand production from 2026 to 28 to 3.1 billion US dollars, and the annual maintenance capital expenditure is expected to be 300 million to 500 million US dollars. The bank maintained the company's “gain” rating, with a target price of HK$189.