Hi everyone,
Today I would like to introduce the share Zijin Mining Group $2899 (+3,79%) one of China's largest mining companies with a focus on gold, copper and other metals.
Brief overview:
- Market capitalization: approx. 857 billion HKD
- 52-week range: HKD 13.86 - 34.80
- Dividend yield: approx. 1.8 - 2%
- Main activities: Gold and copper mining, international expansion
Why interesting?
Gold price boom: Zijin is benefiting greatly from the current record high in the gold price (over USD 3,800/ounce), which is significantly boosting profits.
IPO of Zijin Gold: The international subsidiary for gold activities has successfully debuted on the stock exchange and achieved strong price gains.
International expansion: The Raygorodok Gold Mine in Kazakhstan was recently acquired for USD 1.2 billion, which further increases the growth potential.
Conclusion:
Zijin Mining combines stable revenues from commodities with strategic expansion. The share could be interesting for long-term investors, especially if gold prices continue to rise.