Zijin Mining Q3 attributable net profit up 26% to RMB 18.36bn; nine-month figure up 52%

Zijin Mining Group Co., Ltd. reported third-quarter 2026 net profit attributable to owners of the listed company of about RMB 18.36 billion, up 25.97% from the third quarter of 2025, according to its unaudited English report. Operating revenue rose 3.22% year on year to RMB 89.27 billion. Excluding non-recurring items, attributable profit for the quarter was RMB 17.81 billion, up 42.43%.

For January to September 2026, net profit attributable to owners of the listed company was RMB 57.5 billion, up 52%, and operating revenue was RMB 283.5 billion, up 12%, from the same period of 2025. Net cash flow from operating activities was RMB 84.3 billion, up 62%. Basic earnings per share for the nine months were RMB 2.163, up 51.79%, against RMB 0.690 for the third quarter alone, up 25.91% year on year.

Zijin gives three reasons for the growth in both periods: steady release of output from its main mineral products, effective control over the rise in cash cost per tonne of ore, and what the report calls the "substantial increase in the prices of main metals and by-products". Mined copper totalled 820 thousand tonnes; excluding Kamoa it was 730 thousand tonnes, up 6% on the same basis, the company said. Attributable Kamoa copper fell to 84,509 tonnes from 140,614 tonnes a year earlier.

The report also compares the third quarter with the second. Gold bullion fetched RMB 916.39 per gram in the third quarter of 2026, down from RMB 982.36 in the second quarter, while copper concentrate rose to RMB 88,049 per tonne from RMB 83,627. The overall gross profit margin was 39.93% in the third quarter, against 39.21% in the second; these prices and margins are from the per-product table, before eliminating intercompany sales and excluding non-subsidiary enterprises. Mined gold output was 23,428 kg in the third quarter and 23,206 kg in the second. For the nine months, mined gold reached 70 tonnes, up 8%.