Gold is known as the ballast stone of financial risk.
The period from 2020 to 2022 is the first stage of Zijin Mining's "three steps" in the decade to accelerate the overall strategic goal of 2030. In the past three years, in addition to copper, lithium and other sectors exceeding the expected growth, Zijin Mining gold sector also maintained a leapfrog growth trend.
In terms of capacity, Zijin's Liba gold mine in Longnan, upper Timok copper and Gold Deposit in Serbia, etc. were completed and put into operation in 2021, and the Wulittica gold mine in Colombia was expanded. Since the beginning of this year, the reconstruction and expansion projects such as NORTON Binduli Gold Mine in Australia and Zijin Mine in Shanxi have been further enriched. By the end of September, the company has achieved 41 tons of mineral gold, more than the annual output of 2020.
In terms of resources, Zijin Mining seized the opportunity of undervalued gold assets to increase the distribution of high-quality assets in China and surrounding countries. In the past two years, it has acquired 70% interest in Pingwu Gold and Silver Factory Gold Mine in Sichuan Province, 70% interest in Savalton gold mine in Xinjiang Province, 95% interest in Suriname gold mine in South America, 30% interest in Haihai gold Mine and 20% interest in this gold mine. The amount of equity gold resources has been greatly increased, which is expected to increase by about 60% compared with the 1,887 tons in the beginning of 2020, ranking among the top ten major gold enterprises in the world.
The gradual release of the capacity of the company's new acquisition projects and the continuous improvement of the existing incremental quality and efficiency will lay a solid foundation for the company to achieve the production capacity target of 80-90 tons of gold by 2025.
