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Chinese mining giant Zijin announces 151% net profit growth in 9M 2021, ups production of all metals

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(Kitco News) - China’s Zijin Mining Group today announced that in the nine months period ended 30 September 2021 (9M 2021), the company’s net profit was RMB14.5 billion (~$2.3 billion), 151% higher than in the same period last year.

In 9M 2021, the company’s mine-produced gold of 34,457 kg was 17% higher than a year before, its mine-produced copper of 408,113 tonnes was 18% higher than a year before, while mine-produced zinc of 285,437 tonnes was 17% higher and silver output of 233,641 kg was 7% higher than in 9M 2020.

During the reporting period, the group realised an operating income of RMB168.976 billion (~$26 billion), representing an increase of 29.55% compared with the same period last year (same period last year: RMB130.434 billion).

For the first three quarters of 2021, the overall gross profit margin of Zijin’s mining entities was 59.23%, representing an increase of 11.96 percentage points compared with the same period last year (same period last year: 47.27%).

Zijin Mining is a multinational mining group dedicated to exploration and development of gold, copper and other mineral resources globally. The company owns significant mining investment projects in 12 overseas countries and 14 provinces (regions) in China. It is one of the Chinese companies owning the largest metal resources volume, controlling the largest reserve volumes of copper and gold resources overseas.

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