Zijin Mining to see revenue climb 24% YOY in 2025 on gold upswing

Zijin Mining Group (SEHK: 2899) is poised for a +24% year-on-year increase in total revenue in 2025, according to Visible Alpha consensus estimates, as the Chinese miner benefits from buoyant gold prices and a global expansion strategy.

Benchmark gold prices are expected to average CN¥729 per gram in 2025, lifted by lingering macroeconomic uncertainty, sustained US tariff threats, and ongoing gold purchases by central banks. These tailwinds are set to drive a +33% rise in Zijin’s gold revenue to CN¥214 billion, strengthening the company’s position in the global precious metals market.

Copper is also emerging as a key driver of growth. With demand rising from electrification and AI-related applications, copper is expected to contribute 28% of Zijin’s revenue in 2025. Analysts anticipate this figure will rise to 40% by 2030, as the company deepens its exposure to energy transition metals.

Zijin is expanding its international footprint to support this strategy. In April, it completed the acquisition of the Akyem gold mine in Ghana, strengthening its presence in West Africa. It also completed the acquisition of a controlling stake in China’s Zangge Mining, which holds lithium, copper, and potash assets—resources considered vital to decarbonization efforts.