Zijin Mining 2899

Re: Zijin Mining 2899

Postby winston » Wed Oct 26, 2016 1:21 pm

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<Result Ann>ZIJIN MINING (02899.HK) 1Q-3Q Net Profit Down 15.8%

ZIJIN MINING (02899.HK) announced the report for the first three quarters ended 30 September in accordance with the People?s Republic of China Accounting Standards for Business Enterprises.

Net profit retreated 15.8%
to RMB1.424 billion, with EPS of 6.6 fen.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Wed Oct 26, 2016 1:22 pm

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Oct 14, 2016

ZIJIN MINING Total Copper Mineral Resources at Kamoa Copper Mine Up to 33.34M Tons

ZIJIN MINING (02899.HK) announced that the initial Kakula mineral resource estimate added 9.39 million tonnes of copper mineral resources so that the total copper mineral resources of the Kamoa copper mine area in Congo raised from 23.95 million tonnes to 33.34 million tonnes.

It establishes that area as the largest copper discovery ever made on the African continent and now ranks among the world's 10 largest copper deposits.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Wed Oct 26, 2016 1:27 pm

Sep 8, 2016

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<Research Report>Macquarie Initiates ZIJIN MINING (02899.HK) at Outperform with Target at $3.48

Macquarie, in its report, said that ZIJIN MINING (02899.HK) is a direct beneficiary of increasing gold prices and increasingly zinc as well.

However, the market normally ignored the fact that ZIJIN MINING is a zinc miner and zinc is expected to take a more important role with increasing contribution to profit to 14%/ 18% in 2017/ 2018 (4-7% in 2015 and 2016).

The research house initiated ZIJIN MINING at Outperform, with a target price of $3.48.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Wed Oct 26, 2016 8:25 pm

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ZIJIN MINING, Shandong Gold Mining Said to Buy Equity of Gold Mine under Canada's Barrick

ZIJIN MINING (02899.HK) +0.080 (+3.306%) Short selling $3.41M; Ratio 2.482% and Shandong Gold Mining Co., Ltd (600547.SH) are both in talks with Canada's gold mining company Barrick Gold in relation to the potential acquisition of 50% equity interests of Valadero gold mine, Reuters quoted from sources, as saying.

Barrick is the world's largest gold mining enterprise.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Fri Mar 03, 2017 3:12 pm

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Jan 10, 2017

ZIJIN MINING Substantial Shareholder Releases Pledge of 570M Shares

ZIJIN MINING (02899.HK) announced that Minxi Xinghang, a substantial shareholder of the company, released the pledge of its 570 million shares of the company (all of which are freely transferable with no selling restrictions) from China Everbright Bank Longyan Branch.

The released pledged shares represent approximately 2.65% of the total number of the shares of the company.

As of 10 January, Minxi Xinghang holds 5.671 billion shares of the company (which are freely transferable with no selling restrictions), representing approximately 26.33% of the total number of the shares of the company; among which the total number of pledged shares is 500 million shares, representing approximately 2.32% of the total number of the shares of the company.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Fri Mar 03, 2017 3:14 pm

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Jan 08. 2017

ZIJIN MINING (02899.HK) Plans to Produce 41 Tonnes of Gold in Year 2017

ZIJIN MINING (02899.HK) announced the production and operation plan for year 2017.

The planned production volumes of major mineral products of the company are:
1. 41 tonnes of mine-produced gold,
2. 221.8 tonnes of mine-produced silver,
3. 200,000 tonnes of mine-produced copper,
4. 300,000 tonnes of mine-produced lead and zinc and
5. 2 million tonnes of iron concentrate.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Fri Mar 03, 2017 3:16 pm

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Dec 08, 2016

ZIJIN MINING (02899.HK) Approved for Non-public Issue of A Shares

ZIJIN MINING (02899.HK) announced that its application for non-public issuance of A shares has been approved by China Securities Regulatory Commission (CSRC).

Presently, the company has not yet received the CSRC's approval documents in writing for the application of the non-public issuance of A shares of the company.

Announcement will be made upon receipt of the approval documents.

Source: AAStocks Financial News
Web Site: www.aastocks.com
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Re: Zijin Mining 2899

Postby winston » Fri May 05, 2017 11:25 am

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<Result Ann>ZIJIN MINING (02899.HK) Q1 Net Profit RMB1.006B

ZIJIN MINING (02899.HK) announced results for the first quarter ended 31 March 2017.

According to General Accepted Accounting Principles of the People's Republic of China (PRC GAAP), operating revenue declined 4.9% year on year to RMB18.457 billion.

Net profit amounted to RMB1.006 billion, up 14.77 times.

EPS was 4.7 fen.

During the quarter, the consolidated gross margin rose 2.78 ppt to 14.13%.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Fri May 05, 2017 11:27 am

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April 19, 2017

<Research Report>Citi: ZIJIN MINING (02899.HK) Kept Buy; Reports Strong Profit Growth in 1Q

Citigroup, in its report, said supported by higher metal prices, ZIJIN MINING (02899.HK) posted a positive 1Q profit alert, expecting 50% yearly earning growth even excluding the impact of gold hedging.

The broker kept the stock at Buy with target price of $3.8.

The broker said the preliminary guidance of RMB1 billion profit in 1Q represents 29% of the broker's full year estimate.

It is worth pointing out that 1Q is usually a weaker quarter due to lower volumes, but the company still posted bright results, Citigroup said.

Source: AAStocks Financial News
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Re: Zijin Mining 2899

Postby winston » Fri May 05, 2017 11:28 am

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Mar 28, 2017

<Research Report>C Suisse Lifts ZIJIN MINING (02899.HK) Target to $3.6; Rated Outperform

Credit Suisse, in its report, said it cut ZIJIN MINING (02899.HK)'s FY17 EPS forecast by 6% to reflect higher cost for gold while revise up FY18 EPS forecast by 22% to reflect copper output growth.

The broker lifted the target price to $3.6 from $3, maintaining Outperform.

Source: AAStocks Financial News
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