The net profit of Zijin Mining (02899) in the first three quarters was about 57.526 billion yuan, up 51.93% year-on-year

According to the Zhitong Finance App, Zijin Mining (02899) announced results for the first three quarters of 2026, with operating income of about 283.453 billion yuan, up 11.51% year on year; net profit attributable to shareholders of listed companies was about 57.526 billion yuan, up 51.93% year on year; basic earnings per share were 2.163 yuan.

According to the announcement, the sharp increase in performance is mainly due to: first, thorough implementation of the general policy of “improving quality, production, cost control, and efficiency”, strengthening production organization and operation management in an integrated manner, and steadily releasing production of key minerals; second, effective control of the growth rate of the current cost of tons; third, benefiting from the sharp rise in prices of main metals and by-products, and a significant year-on-year increase in mineral product gross margin, fully enjoying the dividends of price increases.

In the gold sector, the company achieved 70 tons of mineral gold, an increase of 8% over the previous year. Production capacity for incremental projects such as the Akim Gold Mine and the Ruiguo Gold Mine continues to be released. The acquisition of control of Chifeng Gold was successfully completed on October 22, 2026. By obtaining control of Chifeng Gold, the company successfully obtained a number of in-production gold mines with good mining conditions and excellent resource endowments; this acquisition is the company's new layout in an important gold metallurgical belt, which will effectively increase the company's gold resource reserves, increase the scale of the company's gold production, and continue to consolidate the company's position and influence in the global gold industry.

In the copper sector, the company achieved 820,000 tons of copper; after excluding Camoa, it produced 730,000 tons of copper, an increase of 6% over the same caliber last year. During the reporting period, 2.75 million tons of copper were registered in the Junuo copper mine, and a total amount of 5.69 million tons of copper was discovered, which is equivalent to “rebuilding a Juno copper mine”. Currently, project construction is progressing in an orderly manner and is expected to be put into operation by the end of 2026; construction of the main projects at the Xiongcun Copper Mine has begun one after another, and is expected to be put into operation by the end of 2028. Against the backdrop of a slowdown in global copper production growth, the company will continue to take advantage of industry-leading geological exploration and full-process mining engineering management advantages to ensure the gradual implementation of incremental copper sector projects and the continuous release of production capacity.

In the lithium sector, the company achieved 79,000 tons of equivalent lithium carbonate production (including 10,000 tons in Zangge Mining), a significant increase over the previous year. The production capacity of the 3Q salt lake lithium mine, Lagocuo salt lake lithium mine and Xiangyuan hard rock lithium mine has been climbing steadily; the Manono lithium mine completed the flotation system test run in July 2026, and the port of Kigoma has begun upgrading. It is expected to be completed in the second half of 2027, and is expected to fully open up transportation channels in eastern Africa.