Gold production on target, copper slightly behind
Zijin Mining has reported strong year-on-year net profit growth – with gold production on track and copper falling slightly behind – while postponing the start of production of two of its lithium projects. Zijin recorded a net profit after tax of Yuan9.3 billion, up 58% year-on-year and 5% quarter-on-quarter. The company's mined gold production was 18,859 tonnes, up 8% year-on-year and 1% quarter-on-quarter.
Lithium brine projects delayedMeanwhile, Zijin told shareholders that due to a delay in obtaining permits and licences and continued sluggish lithium carbonate prices, it has postponed the production commencement of the Tres Quebradas Salar project in Argentina and the Lakkor Tso Salar project in Tibet to 2025.
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