Shanjin was among China’s top 10 gold mining groups based on output and profitability in 2023
Shanjin International Gold, one of China’s biggest and most profitable gold miners, is planning a new stock offering in Hong Kong to broaden its financing channels and facilitate its overseas expansion.
The mining group will select an appropriate timing and offering window to complete the listing plan within 24 months after gaining consent from its shareholders, according to a Hong Kong stock exchange filing on late Monday. The plan would require approvals from all regulatory authorities in mainland China and Hong Kong, it added.
Shanjin, whose shares are listed in Shenzhen, was the sixth largest producer and fourth most profitable gold miner based on its 2023 performance, according to the China Gold Association. The company reported a 52.6 per cent jump in net profit to 2.17 billion yuan (US$302.4 million) in 2024, aided by a rally in the precious metal.
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