Zijin Mining raises 2028 gold output target on record prices

Bloomberg News | February 9, 2026 | 9:33 am Markets Top Companies China Gold

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Zijin Mining Group Co., China’s biggest metal miner, raised its targeted gold output nearly a third by 2028, as prices of the precious metal remain elevated.

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.

Zijin’s shares rose 4.1% to HK$40.72 ($5.21) as of 10:00 am in Hong Kong.

The Chinese company’s estimated net income jumped as much as 62% to 52 billion yuan ($7.5 billion) last year.

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Output of mined gold is expected to rise 17% to 105 tons this year, while that of copper is set to climb 10% to 1.2 million tons and silver 19% to 520 tons.

The company will “increase the efforts of acquiring strategic mineral resources, focus on gold and copper as the key minerals for development,” it said in the statement. It will further develop key areas in western China, and seek opportunities for overseas investment in neighboring countries as well as other friendly countries with favorable market and legal environments, it added.