The 12,000 t/d mining and processing project is progressing in an orderly manner and is scheduled for completion and commissioning by the end of 2027. Once it reaches nameplate capacity, the project will produce approximately 15 to 20 tonnes of gold per annum, which is expected to make it the largest gold mine in China.

Zijin Mining acquired a 30% interest in the Haiyu Gold Project in October 2022 and a further 20% interest in Zhaojin Mining the following month. It currently holds a total effective interest of 42.92% in the project.