This year, against the backdrop of geopolitical conflicts and deep economic uncertainty, gold's safe-haven appeal has been further reinforced. Reflected in prices, gold has repeatedly hit record highs. As the gold bull market gains momentum, gold mining companies in the secondary market are also experiencing a historic opportunity for revaluation.
Take ZHAOJIN MINING (01818), a leading gold producer listed in Hong Kong, as an example. Since the beginning of the year, its stock price has been on a steady rise, recently surpassing HKD 35, with a year-to-date peak gain of 221.5%. While the upward trajectory of ZHAOJIN MINING's stock is undoubtedly supported by the surging gold prices, the more critical factor lies in the company itself—after all, the value of a mining company ultimately depends on its resources.
Recently, another key growth driver under ZHAOJIN MINING is poised to contribute significant incremental resources. The company’s wholly-owned subsidiary, Jintingling Mining Co., Ltd., has successfully completed the acceptance inspection for its Caogoutou mining project by the Shandong Provincial Emergency Management Department. The project has obtained its production safety license and will transition from the construction phase to the production phase. Notably, the project was completed and put into operation 40 days ahead of schedule, once again demonstrating "ZHAOJIN Speed."
The commencement of the Caogoutou mining project holds exceptional significance for ZHAOJIN MINING. On one hand, the mine boasts outstanding resource quality, with an average grade of nearly 4g/t, and is expected to produce 1 ton of gold annually upon reaching full capacity. This resource cushion provides strong support for Jintingling Mining’s stable development over the next decade, paving the way for another "golden decade" of high-quality growth.
On the other hand, for ZHAOJIN MINING as a whole, the Caogoutou project is the first to be realized under the company’s "15th Five-Year Plan" for production doubling. Its successful launch is not just a milestone for this single project but also a strategic pivot—it validates the feasibility of the production doubling roadmap, setting a benchmark and direction for the rapid advancement of subsequent projects.
Amid the current era where gold’s strategic importance continues to rise and its investment value undergoes historic reshaping, ZHAOJIN MINING plans to seize opportunities during the "15th Five-Year Plan" period. Through measures such as production expansion, mergers, and acquisitions, the company aims to achieve balanced domestic and international growth, ultimately striving to become a top-tier global mining company.
To realize these goals, ZHAOJIN MINING’s top priority is securing its "resource foundation" and fully unleashing its endogenous growth potential. The company has disclosed that over the next 2-3 years, more than ten key projects will be completed and put into operation, providing crucial support for its target of exceeding 50 tons of self-produced gold by the end of the "15th Five-Year Plan."
Given these developments, ZHAOJIN MINING’s strong stock performance in recent years is hardly surprising. Unlike speculative stocks whose prices hinge on short-term gold price fluctuations, ZHAOJIN MINING’s bullish trend is built on the continuous expansion of its resource reserves and the strengthening of its internal growth logic. As more incremental projects come online, the company’s earnings are expected to further materialize, attracting even more market demand for its outstanding growth prospects.
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