Gold
Main Products - 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.
Production Capacity
60%
Percentage of overseas mined-gold production volume in the Group's total volume
74%
Percentage of overseas gold reserve in the Group's total reserve
Business

Highlight: In 2021, the Group’s technical upgrade and expansion projects progressed as planned, including the Binduli Gold Mine of Norton in Australia, the Buriticá Gold Mine in Colombia and projects managed under Shanxi Zijin, Guizhou Zijin and Zeravshan in Tajikistan. These have laid the foundation for our growth in 2022.
According to the China Mineral Resources Report 2021 prepared by the Ministry of Natural Resources of the PRC, China’s gold reserves were 1,927.37 tonnes, while the gold reserves of the Group were 792.15 tonnes, representing approximately 41.10% of the total volume in China. According to the statistics disclosed by the China Gold Association, the national mined gold production in 2021 was 258.09 tonnes, while the Group’s mined gold production was 47.5 tonnes, representing approximately 18.40% of the total volume in China.
Resources: Gold resources and reserves were 2,372.90 tonnes and 792.15 tonnes, respectively.
Production:The Group produced 319,348kg (10,267,275 ounces) of gold, representing an increase of 1.35% compared with the same period last year (same period last year: 315,084kg).
Of which: 47,459kg (1,525,827 ounces) was mine-produced gold, representing an increase of 17.16% compared with the same period last year (same period last year: 40,509kg);
271,890kg (8,741,448 ounces) of refined, processed and traded gold were produced, representing a decrease of 0.98% year-on-year (same period in 2020: 274,576kg).
Costs: The costs of gold mines remain relatively low in general. In 2021, the unit cost of sales of mine-produced gold was RMB176.22/g, representing a decrease of 0.66% year-on-year (same period in 2020: RMB177.38/g).
Contribution: Gold business is an important source of revenue and profit contribution of the Group. Sales income generated from the gold business represented 45.12% (after elimination) of the operating income during the reporting period, and the gross profit of the gold business represented 21.31% of the gross profit of the Group. (1 troy ounce = 31.1035 g).
Growth potential: The Group has accelerated the technological upgrade and expansion for incremental gold projects. With subsequent mergers and acquisitions and self-initiated exploration, resources/reserves are expected to increase.

 

Au

Main Companies or Mines

Name

Equity interest held by the Group

Mined gold(kg)

Attributable gold production(kg)

JV Zeravshan in Tajikistan

70%

6,588

4,612

Buriticá Gold Mine in Colombia

69.28%

6,106

4,230

Longnan Zijin

84.22%

4,936

4,157

Norton Gold Fields in Australia

100%

4,374

4,374

Altynken LLC in Kyrgyzstan

60%

4,319

2,591

Serbia Zijin Copper

100%

3,138

3,138

Hunchun Zijin in Jilin

100%

2,524

2,524

Guizhou Zijin

56%

2,401

1,344

Duobaoshan Copper in Heilongjiang

100%

2,346

2,346

Zijinshan Gold and Copper Mine in Fujian

100%

2,112

2,112

Luoyang Kunyu

70%

1,576

1,103

Serbia Zijin Copper

63%

1,656

1,043

AGM Inc. in Guyana

100%

1,393

1,393

Total of other mines

3,990

3,070

Total

47,459

38,037

 

Au

Major smelting companies

Name

Equity interest held by the Group

Gold produced by smelters (kg)

Attributable gold produced by smelters (kg)

Gold smelting company

100%

139,600

139,600

Yinhui Gold Refiner

70%

53,415

37,390

Strait Jewelry Industrial Park

61%

46,000

28,060

Other gold smelters

32,875

29,791

Total

271,890

234,841


Assets
Other Main Products