Average annual gold output grew 21.4 per cent between 2022 and 2024, making it the world’s 11th biggest producer last year, said the unit of Zijin Mining Group
Zijin Gold International said it was the world’s fastest-growing gold producer, as the offshore unit of China’s largest miner is poised to launch by Friday an initial public offering (IPO) in Hong Kong that could be the city’s second-biggest sale this year.
Average annual gold output grew 21.4 per cent every year between 2022 and 2024, making it the world’s 11th biggest producer last year, the unit of Zijin Mining Group said in its IPO prospectus. The Hong Kong-based company produced 1.5 million ounces of gold last year, with 26.1 million ounces of reserves, according to data compiled by market researcher Frost & Sullivan.
Zijin Gold International, established in 2007, owns Zijin Mining’s overseas gold mines, including projects in Tajikistan, Kyrgyzstan, Australia, Guyana, Colombia, Suriname, Ghana and Papua New Guinea.
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