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ZIJIN MINING Leaps ~4% as ZIJIN Series Issue Positive Profit Alert
Recommend 2 Positive 7 Negative 3 |
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ZIJIN series issued a positive profit alert, with ZIJIN MINING (02899.HK) estimating net profit attributable to shareholders to range between RMB51-52 billion this year, up 59-62% YoY. This increase is attributed to the rise in production volumes of the major mineral products and higher sales prices of mine-produced gold, mine-produced copper and mine-produced silver. ZIJIN MINING's stock price opened 0.1% higher this morning (31st) before continuing to hike, and peaked at $36.76. It last printed at $36.74, leaping 3.9%, with a trading volume of 17.1012 million shares, involving $616 million. ZIJIN GOLD INTL (02259.HK) also expected its full-year net profit attributable to shareholders to be US$1.5-1.6 billion, up 212-233% YoY, driven by increase in mine-produced gold output to approx. 46.5 tonnes and higher sales price of mine-produced gold, along with profitability achieved by the two acquired producing gold mine projects within the year. ZIJIN GOLD INTL opened 2% higher this morning, and mounted 3.4% to last at $148.9, with a trading volume of 733,700 shares, involving $109 million. AASTOCKS Financial News Website: www.aastocks.com |
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