China's Zijin Mining raises gold output target amid record prices

2026-02-09 02:23:16 ET

• China’s largest metal miner, Zijin Mining Group ( ZIJMF ), has increased its gold production target by almost 30% through 2028 amid sustained high prices for the precious metal.
• Mined gold output will rise to between 130 to 140 tons over the next three years, the Fujian-based miner said in exchange filings on Monday.
• The previous target, set in 2024 , called for output of 100 to 110 tons by 2028. Targets for mined copper and silver remain unchanged at 1.5 million to 1.6 million tons and 600 to 700 tons, respectively.