China's Zijin Mining nets 57.5 billion yuan in first three quarters, but quarterly profit slides as new chairman Zou Laichang plots the next decade - BigGo Finance

AI desk brief

Zijin Mining reported CNY 57.5bn of net profit in the first three quarters, up 51.9% YoY, helped by sharply higher metals prices and rising output, but quarterly profit has now fallen for two straight quarters as revenue growth slows. Average realized gold price rose to CNY 995.77/g, up about 33% YoY, while mine-produced gold output reached 70.13 tonnes (+8%), mine copper 815,700 tonnes (+6% like-for-like), and mine silver prices more than doubled; mining gross margin expanded to 68.38% from 60.62%.