Gold
Gold
GOLD
Applications
  • Investment Product
    Investment Product
  • Reserve Assets
    Reserve Assets
  • Gold Jewelry
    Gold Jewelry
  • Components for Technology Products
    Components for Technology Products
Strategic Resource
  • Gold is a global strategic resource and the material basis of credit money.
  • Gold is investment goods, a reserve asset, and constitute components of consumer gold jewelry and technology components.
  • Gold has high liquidity and scarcity.
Gold business is an important source of revenue and profit contribution of the Group.
Gold business is an important source of revenue and profit contribution of the Group.
Business

Highlight: The Company is the largest mined-gold producer in China. Gold business is an important contributor to the Company’s operating income and profit. In 2022, the Company’s gold business entered a fast growth lane, with a large number of gold projects successfully invested and acquired. As a result, the Company’s gold resources and production capacity have significantly increased. Among which, the newly acquired gold resources were approximately 682 tonnes, representing approximately 22% of the Company’s total gold resources. The construction of projects such as Shanxi Zijin, Guizhou Zijin, the Binduli Gold Mine of Norton in Australia, the Buriticá Gold Mine in Colombia and the pressurised oxidation project of Zeravshan in Tajikistan progressed in an orderly manner.
Resources: Gold resources were 3,117 tonnes, of which the proved and probable reserves were 1,191 tonnes.
Production: The Group produced 314,910kg (10,124,575 ounces) of gold, representing a decrease of 1.39% compared with the same period last year (same period last year: 319,348kg).

Among which, 56,360kg (1,812,021 ounces) was mined-gold, representing an increase of 18.76% compared with the same period last year (same period last year: 47,459kg);

258,550kg (8,312,554 ounces) of refined, processed and trading gold was produced, representing a decrease of 4.91% compared with the same period last year (same period last year: 271,890kg).

Costs: During the reporting period, the unit cost of sales of mine-produced gold was RMB191.77/gramme, representing an increase of 8.82% compared with the same period last year (same period last year: RMB176.22/gramme).

Contribution:Sales income from the gold business represented 38.41% (after elimination) of the operating income during the reporting period. Gross profit generated from gold products represented 24.55% of the gross profit of the Group. (1 troy ounce = 31.1035 grammes)

 

Major gold mines or enterprises

Name

Ownership

Consolidated - Mined Gold (koz)

Attributable - Mined Gold (koz)

Buriticá Gold Mine, Colombia

69.28%

247

171

Zeravshan, Tajikistan

70%

208

145

Longnan Zijin

84.22%

178

150

Norton, Australia

100%

177

177

Serbia Zijin Mining

100%

152

152

Altynken, Kyrgyzstan

60%

123

74

Guizhou Zijin

56%

89

50

Aurora, Guyana

100%

88

88

Luoyang Kunyu

70%

87

61

Duobaoshan Copper Industry, Heilongjiang

100%

84

84

Serbia Zijin Copper

63%

82

52

Hunchun Zijin, Jilin

6100%

71

71

Shanxi Zijin

100%

66

66

Other  sites

161

136

Total

1812

1476

 

Major gold refineries

Name

Ownership

Consolidated-Refined gold (Moz)

Attributable-Refined gold (Moz)

Zijin Gold Smelting

100%

5.03

5.03

Cross-Strait Gold Jewelry Industrial Park

50.3%

1.48

0.74

Ziiin Yinhui

100%

0.82

0.62

Total from other gold refineries

0.98

0.98

Total

8.31

7.38


Assets