Seizing the opportunity of the surge in gold and copper prices, Zijin Mining's profits soared by nearly 20 billion

In 2025, when copper and gold prices continued to hit historical highs, Zijin Mining was undoubtedly the "big winner."

On December 31, Zijin Mining released its performance forecast for 2025, indicating that the net profit attributable to shareholders is expected to be approximately 51-52 billion yuan, an increase of about 18.9-19.9 billion yuan compared to the same period last year, with a year-on-year growth rate of about 59%-62%.

Looking ahead, the market remains optimistic about copper and gold.

Benefiting from the sharp demand for computing power driven by AI, copper, as a core material for infrastructure, remains at a high level. Goldman Sachs expects the average price for the whole year of 2026 to be $11,400 per ton.

Due to uncertainties in monetary policy and other factors, gold prices may continue to rise. Ed Yardeni, president of Yardeni Research, predicts that by the end of 2029, gold prices will reach the $10,000 mark.

However, the World Gold Council has issued a risk warning regarding potential pullback pressure on gold in extreme scenarios: if the global economy recovers more than expected, interest rates continue to rise, and the dollar returns strongly, gold could face a pullback pressure of 5% to 20%.

Zijin Mining plans to continue increasing production next year, with gold and copper production expected to reach 105 tons and 1.2 million tons in 2026, respectively, representing year-on-year increases of 15 tons and 110,000 tons compared to 2025.

The confidence in continuous expansion comes from Zijin Mining's global layout, as it currently has significant mining investment projects in 17 countries overseas.

In 2025, Zijin Mining further improved its layout in global core mineralization belts by acquiring the Raygorodok gold mine in Kazakhstan.

However, the development of overseas projects does face challenges in cross-cultural communication.

Recently, Xinfeng visited Zijin Mining's Zijinshan gold-copper mine under the organization of the World Gold Council and exchanged views with relevant personnel from Zijin Mining on the development of overseas markets.

According to Zijin Mining's introduction to Xinfeng, the core challenges of cross-cultural communication focus on language barriers, differences in thinking, and conflicts in customs. For example, in the early stages of the Serbia project, there were differences in work methods and management concepts between Chinese and Serbian employees, while the African project faced labor management issues related to local tribal culture.

To address this, Zijin Mining has built a cross-cultural labor communication system from different perspectives, such as respecting customs and localizing employment.

For instance, the Serbia project adjusted work schedules around religious holidays and held family open days, while in the Democratic Republic of the Congo, Musonoi has hosted summer camps for employees' children for several consecutive years to eliminate cultural barriers through daily life details; it has implemented a localized employment strategy, building platforms for skill enhancement and cultural exchange through activities like "Zijin Deep Dive" training and excellent foreign employees' tours in China, ensuring fair development opportunities for employees from different backgrounds.

In 2025, Zijin Mining not only set new historical records for the company itself but also further consolidated its position as a mining giant in China and even globally.

Against the backdrop of rising prices for non-ferrous metals such as gold and copper, Zijin Mining's performance in 2026 is receiving more attention