An update from Zijin Mining Group Co ( (HK:2899) ) is now available.
Zijin Mining Group Co., Ltd. has completed the acquisition of the Akyem Gold Mine Project in Ghana from Newmont Corporation. This acquisition is expected to enhance Zijin’s gold production targets due to the mine’s favorable mineralization conditions and potential for reserve expansion. The Akyem Gold Mine has demonstrated stable operations with significant potential for exploration and increased gold production, especially amid rising gold prices. The transaction does not constitute a notifiable or connected transaction under Hong Kong’s Listing Rules.
More about Zijin Mining Group Co
Zijin Mining Group Co., Ltd. is a prominent player in the mining industry, focusing on the extraction and processing of gold and other minerals. The company operates on a global scale, with a strategic emphasis on expanding its gold production capabilities.
YTD Price Performance: 13.89%
Average Trading Volume: 76,284
Technical Sentiment Signal: Strong Sell
Current Market Cap: $62.84B
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