On 25th March, 2016, Zijin Mining Group Co., Ltd. held Board Meeting and passed its 2015 Annual Results.
In 2015, with the sluggish economy and plunging gold and commodity price, Zijin achieved revenue of RMB 74.30 Billion (USD 11.42 billion), representing an increase of 26.45% year on year. The net profit amounted to RMB 1.656 Billion (USD 254 million), a decrease of 29.40% YOY. Excluding the impairment charges and loss from fair values changes, the net profit of Zijin has some growth compared to 2014.
The net cash flows from operating activities reached RMB 10.27 billion (USD 1.578 billion), a rise of 62.47% YOY. Results show Zijin’s steady and healthy financial performance and operation, and strong sustainability. As of 31st December, 2015, the total assets of Zijin were RMB 83.91 billion (USD 13.82 billion), up 11.65% YOY.
In 2015, Zijin strictly adhered to the principle of “clinging to reforms, maintaining growth and boosting development”, the output of main products including gold, copper and zinc realized double-digit growth again. The proper cost control and hedging, and substantial loss reduction in smelting enterprises offset the impact of lower price.
In 2015, Zijin continuously implemented its internationalization strategy, completing the acquisition of Kamoa Cooper Mine in Democratic Republic of the Congo and Porgera gold mine in Papua New Guinea, which significantly increased company’s high-quality gold and copper reserve and resources and gold production capacity.
About Zijin Mining
Zijin Mining is a leading global metals and mining company and one of the world’s largest producers of gold, copper, and zinc. The company has more than 30 large-scale mining operations and projects across 19 countries on 5 continents. Leveraging strong in-house research, engineering, and development capabilities, Zijin maintains high operational efficiency and low costs in both acquisitions and operations. This enables the company to be an industry leader in value creation, underpinned by its philosophy of pursuing development for all and sustained by superior environmental, social, and governance performance. Zijin’s shares trade on the Hong Kong Stock Exchange (HKEX: 2899) and the Shanghai Stock Exchange (SSE: 601899).