Zijin Gold International Q1 2026 Net Profit Soars to USD 0.81 Billion as Revenue More Than Doubles

Bulletin Express04-21

Hong Kong—Zijin Gold International reported sharp top-line and bottom-line growth for the three months ended 31 March 2026, driven by expanded production and higher gold prices.

Revenue reached USD 2.06 billion, up 137.74 % from the prior-year period. Profit before tax jumped to USD 1.26 billion, while profit attributable to owners of the parent surged 385.53 % to USD 0.81 billion. Operating cash flow strengthened to USD 1.22 billion, compared with USD 0.21 billion a year earlier.

Production rose to 13.46 tonnes of mined gold, aided by initial contributions from the recently acquired Akyem mine in Ghana and Raygorodok mine in Kazakhstan, alongside 601 kg of attributable output from the Porgera mine. The all-in sustaining cost increased to USD 1,638 per ounce, up from USD 1,501 per ounce for full-year 2025, reflecting higher royalty payments linked to elevated gold prices.

As of 31 March 2026, total assets stood at USD 13.66 billion and equity attributable to owners totaled USD 9.21 billion. The debt ratio improved to 28.19 % from 29.22 % at year-end 2025, and net current assets expanded to USD 4.45 billion.

Management targets continued exploration, cost control, and technology upgrades in the second quarter, while advancing the planned acquisition of Allied Gold Corporation to further bolster competitive strength.

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