Zijin Gold Redirects Raygorodok Funds to Exploration Across Its Mines

Zijin Gold International Company Limited ( (HK:2259) ) has provided an announcement.

Zijin Gold International Company Limited has reallocated part of the net proceeds from its 2025 global offering, which raised about HKD28.3 billion, originally earmarked to settle the acquisition of the Raygorodok Gold Mine in Kazakhstan. The Board has resolved that the remaining USD214 million previously designated for that acquisition will instead fund exploration activities across all mines operated by the Group.

Following this change, no net proceeds remain allocated to settling the Raygorodok mine acquisition consideration, while funding plans for upgrade and construction projects at the Akyem mine in Ghana, the Rosebel mine in Suriname, the Raygorodok mine, and general corporate purposes remain intact. The company expects to deploy the unutilised proceeds, now focused more heavily on exploration and mine development, by December 2027, aligning capital use with evolving business needs and market conditions.

The most recent analyst rating on (HK:2259) stock is a Buy with a HK$253.00 price target. To see the full list of analyst forecasts on Zijin Gold International Company Limited stock, see the HK:2259 Stock Forecast page.

More about Zijin Gold International Company Limited

Zijin Gold International Company Limited is a Hong Kong-incorporated gold producer operating a portfolio of mines across multiple jurisdictions. The Group focuses on gold mining, upgrading and construction of existing mines, and exploration activities to expand reserves and sustain long-term production growth in global markets.

Average Trading Volume: 6,282,501

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$471.3B

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