Zijin Mining (02899) Plans to Launch Hedging Operations

Stock News01-14

Zijin Mining (02899) announced its intention to utilize the hedging functions of financial instruments to mitigate the adverse effects of commodity market price fluctuations on the company and its subsidiaries' production and operations. The move aims to guard against interest rate and foreign exchange risks. The company will selectively conduct hedging activities related to products, raw materials, and foreign exchange risk exposures tied to its operational business, thereby enhancing its risk management capabilities and ensuring stable and sustainable operations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment