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The latest announcement is out from Zhaojin Mining Industry Co ( (HK:1818) ).
Zhaojin Mining Industry Co., Ltd. has announced a capital increase in Shandong Ruiyin, with a total contribution of approximately RMB689.07 million, shared between the company and Zijin Investment. This capital increase aims to support the construction and development of the Haiyu Gold Mine, China’s largest standalone gold mine, which is expected to enhance the company’s gold reserves and production, providing positive returns for shareholders.
More about Zhaojin Mining Industry Co
Zhaojin Mining Industry Co., Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the mining industry. The company focuses on gold mining and production, with significant operations in the Shandong Laizhou – Zhaoyuan Gold Belt, one of the largest gold belts in the world.
YTD Price Performance: 43.58%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.01B
Find detailed analytics on 1818 stock on TipRanks’ Stock Analysis page.
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