China's Zijin Mining reports up to 140% net profit growth in Q1 2021
(Kitco News) - Zijin Mining reported today that the company preliminarily estimates that its realized net profit attributable to owners of the listed company to range from RMB2.3 billion (~$353 million) to RMB2.5 billion (~$383 million) for the first quarter of 2021, representing an increase of between 121.15% to 140.38% compared with the same period of last year.
The company said that during the reporting period, the company strived to overcome the impact of the pandemic in overseas countries and effect of the Chinese New Year holiday, fully captured market opportunities and actively organized production. As a result, both of the production volumes and selling prices of mine-produced products increased year-on-year.
Zijin Mining Group is a senior multinational mining group principally engaged in the prospecting, exploration and mining of gold, copper and other mineral resources.