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Zijin Mining's net profit for the first three quarters exceeded 3 billion yuan

Author:Wanhe    Time:2019-11-04     Clicks:685


On the evening of October 29, Zijin Mining released its third quarter report for 2019. From January to September, the company achieved a net profit of 3.006 billion yuan and realized operating income of 101.623 billion yuan. The output of the main metal mineral products increased significantly, with an accumulated gold production of 29.4 tons, copper production of 264,000 tons, and zinc production of 279,000 tons, up 12.5%, 44.8% and 27.0% respectively.

Thanks to the continuous increase in the contribution of the company's overseas projects, the output of the main products continued to grow, and the company's operating income increased by 33.42%. However, due to the downward pressure on the global economy, the decline in the price of base metals, the financing costs of overseas new M&A companies, and the lower processing fees for copper concentrates, the company’s net profit for the first three quarters declined year-on-year, but the third quarter was higher than the second quarter. It grew by about 18% and maintained a positive growth trend.

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