BUZZ-Zijin Mining Hong Kong shares rise most in 7 weeks on robust earnings outlook

Reuters02-09 10:18
BUZZ-<a href="https://laohu8.com/S/02899">Zijin Mining</a> Hong Kong shares rise most in 7 weeks on robust earnings outlook

** Hong Kong-listed shares of Zijin Mining Group 2899.HK rise 4.7% to HK$40.94, on track for the biggest one-day pct gain since December 22

** Stock on course to snap two straight sessions of fall; fifth biggest pct gainer in Hang Seng Composite Index tracking material stocks .HSCIM, which climbs 2.4%

** Shanghai-listed stock 601899.SS rises 4.3% to 38.8 yuan, the highest since February 4

** Zijing Mining sees 2025 net profit of about 51-52 billion yuan ($7.35-$7.50 bln). That compared to 2024's 32.05 billion yuan profit

** Company logs 2025 copper output at 1.09 million tons and sees 2026 mine-produced copper to be about 1.20 million tons and 2028 mine-produced copper to be around 1.50-1.60 million tonnes

** Says 2025 gold out at 90 tonnes and sees 2026 mine-produced gold to be at 105 tonnes and 2028 to be about 130-140 tons

** YTD, Hong Kong stock up 13.9%, Shanghai-listed shares up 10.9%

($1 = 6.9341 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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