2025 Results
Investors
Investors
2025 Results
Production & Guidance
  • 2.89
    22.77%
    Mined Gold (Moz)
    1.53 2021
    1.81 2022
    2.18 2023
    2.34 2024
    2.89 2025
  • 1,090
    1.56%
    Mined Copper (kt)
    580 2021
    880 2022
    1,010 2023
    1,070 2024
    1,090 2025
  • 400
    Mined Zinc & Lead (kt)
    430 2021
    440 2022
    470 2023
    450 2024
    400 2025
  • 14.11
    0.72%
    Mined Silver (Moz)
    9.93 2021
    12.46 2022
    13.25 2023
    14.01 2024
    14.11 2025
  • 2024
    2025
    2026E
    2028E
  • Mined Gold (Moz)
    2.34
    2.89
    3.38
    4.18-4.50
  • Mined Copper (kt)
    1,070
    1,090
    1,200
    1,500-1,600
  • Mined Zinc & Lead (kt)
    450
    400
    400
    400-450
  • Mined Silver (Moz)
    14.01
    14.11
    16.72
    19.29-22.51
  • Lithium Carbonate (kt)
    -
    25.5
    120
    270-320
  • Mined Molybdenum (kt)
    9
    11.5
    15
    25-35

Note: Given the complex and ever-changing market environment, the projected figures are merely production guidance, with underlying uncertainty. They do not constitute our commitment to actual output and we reserve the right to adjust them as conditions change. Investors are reminded to consider the risks.

Reserves and Resources
  • Gold (Moz)
    Copper (Mt)
    Zinc & Lead (kt)
    LCE (kt)
    Silver (Moz)
    Molybdenum (kt)
  • Reserves
    64
    56.61
    7,820
    7,970
    104
    2,660
  • Resources (Inclusive of reserves)
    148
    109.68
    12,560
    18,830
    1,027
    4,990

Notes: 1. Resource figures as of year-end 2025 are listed. They are on a 100% basis for our majority-owned subsidiaries and on an attributable basis for joint ventures and associates.

2. As a reference, 1 tonne of lithium oxide is equivalent to approximately 2.473 tonnes of lithium carbonate.    

Financial Highlights
  • 49.7
    15%
    Revenue ($B)
    31.3 2021
    37.6 2022
    40.8 2023
    42.2 2024
    49.7 2025
  • 14.4
    60%
    EBITDA ($B)
    4.9 2021
    6.1 2022
    6.5 2023
    8.8 2024
    14.4 2025
  • 11.5
    68%
    Total Profit ($B)
    3.4 2021
    4.2 2022
    4.4 2023
    6.7 2024
    11.5 2025
  • 7.4
    62%
    Net Attributable Profit ($B)
    2.2 2021
    2.8 2022
    2.9 2023
    4.5 2024
    7.4 2025
  • 72.8
    29%
    Total Assets ($B)
    29.0 2021
    42.6 2022
    47.7 2023
    55.2 2024
    72.8 2025
  • 10.7
    54%
    Net Operating Cash Flow ($B)
    3.6 2021
    4.0 2022
    5.1 2023
    6.8 2024
    10.7 2025
  • 2.3
    58%
    Dividends ($B)
    0.7 2021
    0.7 2022
    0.9 2023
    1.4 2024
    2.3* 2025
  • 1.95
    61%
    Basic EPS (RMB/share)
    * The figure includes the interim dividend of RMB 5.8 billion paid for the first half of 2025. The proposed final dividend for 2025 is subject to shareholder approval at the 2025 Annual General Meeting.
Dividend History
Key ESG Indicators
  • 1.61
    1.83%
    GHG Emissions Intensity (tCO₂e/10k RMB of Value Added)
    2.17 2021
    1.96 2022
    2.08 2023
    1.64 2024
    1.61 2025
  • 90.52
    3.15%
    Water Recycling Rate (%)
    92.02 2021
    94.29 2022
    94.8 2023
    93.46 2024
    90.52 2025
  • 16
    45.47%
    Total Social Contribution ($B)
    6 2021
    7 2022
    8 2023
    10 2024
    16 2025
  • 149
    28.69%
    Community Investments (Million)
    59 2021
    63 2022
    115 2023
    113 2024
    149 2025
  • 66,708
    19.78%
    Employee Numbers
    43,876 2021
    48,836 2022
    55,239 2023
    55,690 2024
    66,708 2025
  • 493
    8.28%
    Safety Investment ($Million)
    208 2021
    295 2022
    390 2023
    445 2024
    493 2025
  • 95.88
    0.1%
    Share of Local Employees (%)
    96.04 2021
    96.29 2022
    95.85 2023
    95.98 2024
    95.88 2025
  • 82.41
    0.12%
    Local Procurement Rate (%)
    31.82 2021
    65.20 2022
    80.33 2023
    82.31 2024
    82.41 2025
Major Mines/Companies

Major Gold Mines/Companies

Name Ownership Resources (Moz) Grade (g/t) Mined Gold (koz) Attributable Mined Gold (koz)
Buriticá Gold Mine, Colombia 58.96%  12.39  6.95 283.18 187.44
Rosebel Gold Mines, Suriname 80.75%  11.58  0.82 266.08 239.91
Norton Gold Fields, Australia 85%  9.70  0.93 252.74 243.45
Longnan Zijin 84.22%  3.93  2.1 238.17 200.59
Zeravshan, Tajikistan 59.50%  2.81  1.95 195.60 131.85
Shanxi Zijin 100%  3.62  1.66 177.25 177.25
Serbia Zijin Mining 100%  16.73  0.2 166.44 166.44
Akyem, Ghana (Closed on 16 April 2025) 85%  9.30  1.88 163.58 139.05
Aurora Gold Mine, Guyana 85%  5.82  2.37 145.48 139.18
Serbia Zijin Copper 63%  12.47  0.14 126.67 79.80
Zhaojin Mining (attributable basis) 18.20%  -  - 112.95 112.95
Altynken, Kyrgyzstan 51%  1.52  4.34 114.14 66.17
Duobaoshan Copper, Heilongjiang 100%  -  - 92.53 92.53
Guizhou Zijin 56%  6.54  4.24 89.73 50.25
Porgera Gold Mine, PNG 20.83%  16.54  2.59 88.54 88.54
Xinjiang Zijin Gold 70%  3.69  1.32 63.43 44.40
Luoyang Kunyu 70%  -  - 47.84 33.50
Hunchun Zijin, Jilin 100%  -  - 46.68 46.68
La Arena, Peru 100%  5.99  0.23 42.44 42.44
Raygorodok, Kazakhstan (Acquisition closed on October 10, 2025) 85%  6.24  0.88 39.74 33.76
Other Mines Combined


125.68 99.76
Total


2,878.90 2,415.93


Major Copper Mines/Companies

Name Ownership Resources (t) Grade (%) Mined Copper (t) Attributable Mined Copper (t)
Julong Copper, Xizang 58.16% 25,677,425  0.29 193,820 107,801
Kamoa Copper, DR Congo (attributable basis) 44.20% 39,854,000  2.48 172,583 172,583
Serbia Zijin Mining 100% 22,335,398  0.84 172,307 172,307
Serbia Zijin Copper 63% 12,668,451  0.46 123,286 77,670
Kolwezi Copper Mine, DR Congo 67% 1,126,109  3.38 118,019 79,073
Duobaoshan Copper, Heilongjiang 100% 5,341,315  0.46 112,018 112,018
Zijinshan Copper-Gold Mine, Fujian 100% 915,762  0.46 85,741 85,741
Yulong, Xizang (attributable basis) 22% - - 34,094 34,094
Ashele Copper Mine 51% 406,389  1.51 31,672 16,153
Bisha, Eritrea 55% 763,101  0.5 23,013 12,657
Hunchun Zijin, Jilin 100% - - 6,558 6,558
Other Mines Combined


12,015 8,914
Total


1,085,126 885,569



Major Zinc and Lead Mines/Companies

Name Ownership Zinc Resources (t) Grade (%) Mined Zinc (t) Mined Lead (t) Mined Zinc & Lead (t) Attributable Mined Zinc & Lead (t)
Zijin Zinc 100%  5,734,241  1.69 136,003 19,502 155,505 155,505
Bisha, Eritrea 55%  2,756,600  3.64 83,077 - 83,077 45,692
Longxing, Russia 70%  545,967  6.86 66,306 5,300 71,606 50,124
Urad Rear Banner Zijin 95%  1,558,256  2.36 56,623 13,781 70,404 66,884
Wancheng Commercial (attributable basis) 42.8% - - 8,896 1,346 10,242 10,242
Ashele Copper Mine 51% - - 6,548 - 6,548 3,340
Other Mines Combined


- 1,136 1,136 789 
Total


357,453 41,065 398,518 332,576