Zijin Mining’s H1 net profit expected to slide 19.2% on year

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Chinese gold miner Zijin Mining said that its net profit attributable to owners of the listed company its expected to reach about 10.2 billion yuan during the first half of 2023, representing a drop of about 19.2% from the same period last year.

The profit would represent a surge of about 37.6% from that in the second half of 2022, it said.

Zijin’s copper mining output reached 491,000 tonnes in the first half, rising by 13.9% from a year earlier, and gold mining output reached 32 tonnes, risng by 18.5%; and zinc mining output reached 240, tonnes, rising by 4.8%, it said.