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Investing.com -- Zijin Mining announced its first half 2025 net profit reached 23.2 billion yuan, representing a 54% increase year-over-year.
The company’s second quarter net profit was 13 billion yuan, up 48% compared to the same period last year and 28% higher than the previous quarter.
Recurring net profit for the first half of 2025 was 21.5 billion yuan, a 40% increase year-over-year, while second quarter recurring profit reached 11.6 billion yuan. The difference between recurring and reported profit appears to stem from fair value changes in financial assets and the sale of the Bullabulling project.
Gold production volumes were approximately 41 tonnes in the first half, up 17% from the previous year. Second quarter gold output reached about 22 tonnes, representing an 18% year-over-year increase and 15% quarter-over-quarter growth. The quarterly increase was primarily attributed to the mid-April consolidation of a newly acquired project that produced 6.4 tonnes of gold in 2024.
Copper production totaled approximately 570,000 tonnes in the first half, a 10% year-over-year increase. Second quarter copper output was around 282,000 tonnes, up 10% year-over-year but down 2% from the previous quarter. The quarterly decline was mainly due to the suspension of the Kamoa-Kakula project, though the impact on profit was likely milder given the project’s relatively low profit contribution.
Lithium production saw significant growth, reaching 7,300 tonnes of lithium carbonate equivalent in the first half of 2025, compared to just 239 tonnes in the same period of 2024. This substantial increase was attributed to the commencement of the Laguocuo project.
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