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(Kitco News) - China’s Zijin Mining announced yesterday that in 2022, the company’s realized net profit attributable to owners of the listed company amounted to ~RMB20.042 billion (~$2.9 billion), representing an increase of 27.88% compared with 2021.
Importantly, Zijin said that in 2022, the company produced 55.9 tonnes of mine-produced gold (up 17.68% over 2021), 859,000 tonnes of mine-produced copper (up 47.09%), 442,000 tonnes of mine-produced zinc (up 1.84%), and 387.5 tonnes of mine-produced silver (up 25.49%).
Moreover, the company noted that during 2022, selling prices of mine-produced gold and mine-produced zinc increased compared with the same period last year, while selling prices of mine-produced copper and mine-produced silver decreased compared with the same period last year.
In 2023, the company plans to produce 950,000 tonnes of mine-produced copper, 72 tonnes of mine-produced gold, 450,000 tonnes of mine-produced zinc/lead, 390 tonnes of mine-produced silver, 3,000 tonnes of lithium carbonate and 6,000 tonnes of mine-produced molybdenum.
Zijin Mining is a large multinational mining group engaged in the global exploration and development of copper, gold, zinc and lithium, as well as engineering and technological research. Zijin has mining projects in 15 provincial-level regions in China and 13 other countries across the globe.
The company’s main overseas assets include the Cukaru Peki copper and gold mine and the Bor copper mine in Serbia, the Kamoa-Kakula copper mine and the Kolwezi copper mine in the DRC, as well as the Buriticá gold mine in Colombia.
The company’s shares are traded on the Hong Kong Stock Exchange under the ticker code 2899, and on the Shanghai Stock Exchange under the code 601899.
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