Announcement • 5h
Zijin Gold International Company Limited Approves Final Dividend for the Year Ended 31 December 2025 Zijin Gold International Company Limited at annual general meeting held on April 29 May 2026, approved final dividend of HKD 1.5 per share for the Year Ended 31 December 2025. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$139, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 9x in the Metals and Mining industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$233 per share. Reported Earnings • Apr 23
First quarter 2026 earnings released First quarter 2026 results: EPS: US$0.30. Revenue: US$2.06b (up 138% from 1Q 2025). Net income: US$807.3m (up 386% from 1Q 2025). Profit margin: 39% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Hong Kong. Buy Or Sell Opportunity • Apr 14
Now 20% undervalued Over the last 90 days, the stock has risen 11% to HK$182. The fair value is estimated to be HK$227, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 25% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Announcement • Mar 23
Zijin Gold International Company Limited, Annual General Meeting, May 29, 2026 Zijin Gold International Company Limited, Annual General Meeting, May 29, 2026. Reported Earnings • Mar 23
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$0.82. Revenue: US$5.38b (up 80% from FY 2024). Net income: US$1.60b (up 233% from FY 2024). Profit margin: 30% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Metals and Mining industry in Hong Kong. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$167, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Metals and Mining industry in Hong Kong. Simply Wall St's valuation model estimates the intrinsic value at HK$209 per share. New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 91% to HK$253. The fair value is estimated to be HK$210, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last year. Earnings per share has declined by 14%. Revenue is forecast to grow by 88% in 2 years. Earnings are forecast to grow by 228% in the next 2 years. Announcement • Jan 26
Zijin Gold International Company Limited (SEHK:2259) entered into a definitive agreement to acquire Allied Gold Corporation (TSX:AAUC) from BlackRock, Inc. (NYSE:BLK) and Helikon Investments Limited for CAD 5.7 billion. Zijin Gold International Company Limited (SEHK:2259) entered into a definitive agreement to acquire Allied Gold Corporation (TSX:AAUC) from BlackRock, Inc. (NYSE:BLK) and Helikon Investments Limited for CAD 5.7 billion on January 26, 2026. Under the terms of the transaction, Zijin Gold will pay CAD 44 in cash for each shares outstanding of Allied Gold. The Offer Price represents a premium of approximately 27% over Allied Gold’s 30-day volume-weighted average price on the TSX as of the market closing on January 23, 2026. Following completion of the Transaction, Allied Gold’s shares will be delisted from the TSX and the NYSE, and Allied Gold will cease to be a reporting issuer under both Canadian and U.S. securities laws. The agreement also provides for a termination fee of CAD 220 million, payable by Allied Gold to Zijin Gold in certain specified circumstances.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders, subject to antitrust regulations, subject to court approval and third party approval needed. The deal has been unanimously approved by the board. The expected completion of the transaction is in late April 2026.
Scotiabank, Inc. acted as financial advisor for Allied Gold Corporation. Moelis & Company acted as financial advisor for Allied Gold Corporation. Scotiabank, Inc. acted as fairness opinion provider for Allied Gold Corporation. Cassels Brock & Blackwell LLP acted as legal advisor for Allied Gold Corporation. Adam Givertz and Christian Kurtz of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for Allied Gold Corporation. RBC Capital Markets Limited acted as financial advisor for Zijin Gold International Company Limited. Fasken Martineau DuMoulin LLP acted as legal advisor for Zijin Gold International Company Limited. Announcement • Jan 13
Zijin Gold International Company Limited to Report Fiscal Year 2025 Results on Mar 20, 2026 Zijin Gold International Company Limited announced that they will report fiscal year 2025 results on Mar 20, 2026 Announcement • Jan 01
Zijin Gold International Company Limited Provides Group Earnings Guidance for the Year Ending December 31, 2025 Zijin Gold International Company Limited provided group earnings guidance for the year ending December 31, 2025. For the year, It is estimated that the Group will realise a net profit attributable to owners of the parent of approximately USD 1.5 billion - 1.6 billion for the year ending 31 December 2025 (the "Year 2025" or the "reporting period"), which represents an increase of approximately USD 1.02 billion - 1.12 billion, or an increase of approximately 212%-233% compared with the same period last year. (same period last year: approximately USD 481 million). The estimated operating results for the reporting period have not been reviewed, confirmed or audited by any auditors. Main reasons for the estimated increase in operating results during the reporting period: Increase in mine-produced gold output: During the reporting period, the mine-produced gold output has increased to approximately 46.5 tonnes compared with the same period last year (the Year 2024: approximately 38.9 tonnes (not including output from the Porgera Gold Mine)). Favourable market and M&A factors: During the reporting period, the sales price of mine-produced gold has increased compared with the same period last year. In addition, the two producing gold mine projects acquired in the Year 2025 have achieved profitability within the year, making a positive impact on the operating results of the Group. Board Change • Oct 02
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (6 non-independent directors). Non-Executive Director Chun Wang is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Lai Kwan Hui was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Sep 30
Zijin Gold International Company Limited has completed an IPO in the amount of HKD 24.984244 billion. Zijin Gold International Company Limited has completed an IPO in the amount of HKD 24.984244 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 34,899,100
Price\Range: HKD 71.59
Discount Per Security: HKD 1.21703
Security Name: Shares
Security Type: Common Stock
Securities Offered: 17,449,600
Price\Range: HKD 71.59
Discount Per Security: HKD 1.21703
Security Name: Shares
Security Type: Common Stock
Securities Offered: 174,161,400
Price\Range: HKD 71.59
Discount Per Security: HKD 1.21703
Security Name: Shares
Security Type: Common Stock
Securities Offered: 122,480,600
Price\Range: HKD 71.59
Discount Per Security: HKD 1.21703
Transaction Features: Carve-out; Regulation S; Rights Offering; Rule 144A 
