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Zijin Mining Group Co ( (HK:2899) ) has issued an announcement.
Zijin Mining Group Co., Ltd. has completed the acquisition of the Raygorodok Gold Mine in Kazakhstan through its subsidiary, Zijin Gold International. This acquisition is expected to significantly boost Zijin’s gold output and earnings, with the mine’s established infrastructure and low costs contributing to strong profitability. The Raygorodok Gold Mine will enhance Zijin’s asset scale and global industry position, providing synergies with other regional mines and supporting the company’s production targets.
The most recent analyst rating on (HK:2899) stock is a Buy with a HK$41.80 price target. To see the full list of analyst forecasts on Zijin Mining Group Co stock, see the HK:2899 Stock Forecast page.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a major player in the mining industry, primarily focusing on gold production. The company operates through its subsidiary, Zijin Gold International, and is known for its large-scale mining operations and strategic acquisitions, which enhance its market position and production capabilities.
YTD Price Performance: 144.30%
Average Trading Volume: 64,115,092
Technical Sentiment Signal: Buy
Current Market Cap: HK$892.8B
See more data about 2899 stock on TipRanks’ Stock Analysis page.