On October 27, 2025, S&P Global Ratings raised its long-term issuer credit rating on Zijin Mining from ‘BBB-’ to ‘BBB’, with a stable outlook. The upgrade is expected to strengthen Zijin’s credibility and appeal in the global capital markets.
S&P cited Zijin’s solid operating prospects over the next two years, underpinned by its rising production volume amid resilient metal prices. The agency forecasts a two-year compound annual growth rate (CAGR) of 15% for copper output and 10% for gold output. It further noted that, supported by a robust project pipeline and proven execution capabilities, Zijin is on track to achieve its 2028 production targets of 1.5–1.6 million tonnes of copper and 100–110 tonnes of gold. These volumes will position the company among the world’s top gold and copper producers.
In the first three quarters of 2025, Zijin beat expectations on core performance metrics, delivering RMB 254.2 billion in revenue, up 10% year-on-year, and RMB 37.9 billion in net profit attributable to shareholders, surging 55% year-on-year. The company’s sustained earnings momentum has driven a systematic revaluation of its shares, reflecting strong recognition from the capital markets.
