Gold

Allied Gold Corporation said the Kurmuk Mine in Ethiopia has energized its power line to the national grid and fed first ore through the crushing circuit as the project moves toward completing commissioning and transitioning to operations. The 88-kilometre, 132-kV power line and related substations were completed by Ethiopian Electric Power and now supply sufficient power to finish commissioning and advance ramp-up, under a 20-year power purchase agreement at a fixed rate of approximately US$0.04 per kilowatt-hour. Earlier this month first ore was delivered to the commissioned crushing circuit, and the full handover of that circuit from the commissioning team to the operations team is underway, with first ore expected in the grinding circuit in the coming weeks and first gold to follow soon thereafter. Mining continues to advance as planned, with an ore stockpile of approximately one million tonnes established and planned to grow to nearly 1.5 million tonnes, or three months of ore feed ahead of full circuit commissioning, initially from the Dish Mountain and Ashashire open pits. The mine holds 2.7 million ounces of Proven and Probable Mineral Reserves and is expected to produce 240,000 to 270,000 ounces in its first full year and approximately 300,000 ounces the following year, averaging at least 240,000 ounces per year over an initial 15-year mine life.

Barrick Mining Corporation shares rose 1.2% to $43.06 in pre-market trading after coverage was initiated with a Buy rating, with the source of that rating not identified in the announcement. The new recommendation coincided with Bernstein lowering its price target for Barrick to $56.50 from $61, a figure that remains above the pre-market share price. Separately, Barrick reported that second-quarter 2026 net earnings increased by approximately 50% compared with the same period a year earlier, though the company did not announce new financial guidance. The moves came as gold prices recovered above $4,300 per ounce after the Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00%, its first increase in three years, with policymakers indicating the possibility of another increase before the end of 2026. Major US equity indices also advanced, with the S&P 500 up 0.9%, the Dow Jones up 0.8% and the Nasdaq up 1.1%.

Newmont has resolved uncertainty around its Fourmile project interests involving Barrick Mining, closing a major project question mark. UBS views the clarification of Fourmile ownership and collaboration terms as a meaningful shift in Newmont's long term project pipeline, and argues the agreement is not yet fully reflected in how the market prices Newmont's future prospects. Newmont is a US based gold producer with a reported market value of about $130.0b, so decisions on projects like Fourmile can influence a sizeable portion of the global listed metals and mining universe. The Fourmile resolution leans into the bullish side of the Newmont Narrative, giving the company clearer exposure to a high quality Nevada resource base alongside Nevada Gold Mines and expansion projects such as Ahafo North and Tanami. The bear case is not cleared away, as bringing Fourmile and related properties into the joint venture adds execution and capital allocation questions similar to the Newcrest integration, especially with competitors like Barrick and Agnico Eagle chasing the same high quality ounces.

Wesdome Gold Mines Ltd. reported that drill hole SH-26-001 at its wholly-owned Kiena mine near Val-d'Or, Quebec, intersected 3.1 g/t Au uncapped over 106.5 metres core length, or 2.6 g/t Au capped, at the Shawkey 10 target. The hole, a follow-up to S-21-831 which intersected 2.3 g/t Au over 72.0 metres in 2021, approximately doubles the grade thickness of that previous intersection and expanded the interpreted thickness of the diorite host rock from approximately 80 metres to more than 200 metres, with mineralization throughout. The broad interval included 20.4 g/t Au uncapped over 10.8 metres, 5.6 g/t Au over 6.2 metres and 3.1 g/t Au over 9.2 metres, and at depth the hole also cut a broad zone of 250 metres of mineralization hosting another eight intercepts grading over 1.0 g/t Au, including 1.6 g/t Au over 23.4 metres from 914 metres. President and Chief Executive Officer Anthea Bath said the results provide further evidence of the scale and breadth of the Kiena system and a meaningful step forward in understanding what the Kiena East corridor, currently comprising the Shawkey 10, Shawkey Mine, 134 and Dubuisson zones, could become. To date, a total of 102 surface drill holes, including SH-26-001, have been completed at Shawkey 10 for a total of 25,725 metres, and the company said Shawkey 10 remains open down-plunge and along strike as a high-priority growth target.

Kinross Gold Corporation has reported gold mineralization in every hole of its 2026 Phase 1 drill program at BTU Metals Corp.'s optioned Dixie Halo properties in Red Lake, Ontario, with values ranging from less than 1 g/t gold up to 6 g/t gold. The eight holes totaled 4,528.5 metres and focused on the eastern TNT area of the property, where drilling also intersected copper mineralization from trace levels up to 0.530% copper and 8.22 g/t silver over a 16-metre drilled interval. Hole BTU-26-15 returned individual high copper values of 8.41% copper and 116 g/t silver over 0.4 metres, and 3.9% copper and 71.8 g/t silver, along with a 24.55-metre drilled interval grading 0.626% copper and 12.61 g/t silver. Kinross, which can earn a 70% interest in the Dixie Halo project under its option agreement, has indicated it will begin Phase 2 of the 2026 drill program later this year once equipment and technical personnel are available, with targets expected to focus on the TNT area. Separately, BTU Metals said it has sourced a drill contractor for an approximately 1,200-metre program at its Hubcap and Centennial areas in the Wawa gold district and expects to mobilize and commence drilling in September.

Franco-Nevada Corporation has agreed to a A$200 million follow-on financing package with Minerals 260 Limited for the Bullabulling Gold Project in Western Australia. The package comprises a A$170 million gross royalty acquisition, roughly $122 million, that lifts Franco-Nevada's Australian subsidiary's gross royalty on Bullabulling from 2.45% to 3.90%, plus a A$30 million subscription, about $22 million, for Minerals 260 ordinary shares as a lead order in a future equity raise. The new A$200 million package brings Franco-Nevada's total support for Minerals 260's development of Bullabulling to an aggregate A$420 million, approximately $300 million, following the A$220 million financing package provided in February 2026. Franco-Nevada intends to fund the transactions from cash on hand, having reported $1.0B in cash and $4.3B in available capital as at June 30, 2026. Minerals 260 Managing Director Luke McFadyen said the additional funding materially strengthens the balance sheet and the path to a final investment decision in early 2027, with first gold production potentially as soon as H2 2028.

Franco-Nevada shares have risen about 12.5% in the month since its latest earnings report, outperforming the S&P 500. The company reported adjusted earnings of $1.81 per share for the second quarter of 2026, up 46% year over year but below the Zacks Consensus Estimate of $1.95, while revenues climbed 57.3% year over year to $581 million on stronger precious metal and oil prices. Precious Metal assets generated $498.7 million of that revenue, 86% of the quarterly total, as gold-equivalent ounces sold rose 18.1% to 132,405. Adjusted EBITDA advanced 44.8% to $529.7 million, though the adjusted EBITDA margin narrowed to 91.2% from 99% a year earlier. Franco-Nevada expects total GEO sales of 510,000-570,000 for 2026 and is tracking toward the upper half of that range, with stream deliveries from Cobre Panamá of 23,100 gold ounces and 265,000 silver ounces beginning in the third quarter.

Hycroft Mining Holding Corporation announced additional drill results from its 2025-2026 Exploration Drill Program at the Hycroft Mine in Nevada, reporting high-grade silver and gold intercepts at both the Vortex and Brimstone systems. At Vortex, hole H26D-6090 returned 30.5 meters at 780.53 g/t silver and 0.49 g/t gold, including 11.2 meters at 1,664.80 g/t silver, while hole H26D-6172 intersected 6.1 meters at 21.12 g/t gold, including 1.5 meters at 43.00 g/t gold, suggesting a potential separate high-grade gold system. At Brimstone, hole H26D-6167A extended mineralization to the north with 5.5 meters at 1,345.27 g/t silver, including 1.8 meters at 4,074.00 g/t silver. Executive Chairman and CEO Diane Garrett said the results confirm the exploration strategy and underpin the potential for a high-grade underground mine, with the systems open in all directions and at depth.

Agnico Eagle Mines has agreed to sell its Delta base and precious metals project and Helm Bay gold project to Vizsla Copper Corp., with the transaction expected to close in the fourth quarter of 2026. Under the deal, Agnico Eagle will receive about 22.5 million Vizsla Copper common shares and 2.9 million deferred shares, issued at a deemed price of C$1.26 per share, totaling approximately C$32 million, plus around 3.04 million warrants exercisable at C$1.95 per share. Following the transaction, Agnico Eagle will hold about 19.99% of Vizsla Copper and retain a 2% net smelter return royalty on Delta and a 3% royalty on Helm Bay. Vizsla Copper will also make C$20 million in contingent milestone payments related to Delta, including C$5 million upon a mineral resource estimate of at least 300,000 copper-equivalent tons, C$5 million upon a feasibility study, and C$10 million upon commercial production. Agnico Eagle has committed to participate in Vizsla Copper's next qualifying equity financing for up to C$5 million or 10% of the proceeds, whichever is lower, subject to the financing raising at least C$30 million by December 31, 2026.

Eldorado Gold has produced its first copper-gold concentrate at the Skouries Project in northern Greece, moving the site from construction towards operational status, with commercial production targeted for the fourth quarter of 2026. The initial concentrate was produced during commissioning and ramp-up, following the first ore delivery to the crusher in July 2026. Key process plant components, including crushing, grinding, flotation, and tailings thickening circuits, have been successfully commissioned, and the ore stockpile holds over 4.6 million tonnes above reserve grade, supporting more than seven months of processing. CEO George Burns called it a defining moment, noting that Skouries, together with McIlvenna Bay in Saskatchewan, is expected to transform Eldorado into a larger, more diversified producer. Temporary power is supporting early operations while grid connection, expected in September 2026, awaits Greek transmission authority inspections. Over the mine's life, Skouries is forecast to yield an average of 140,000 ounces of gold and 67 million pounds of copper annually.

Eldorado Gold has produced the first copper-gold concentrate at its wholly owned Skouries Project in northern Greece, marking a significant milestone in the project's transition from construction to operations and a major step toward commercial production, which is expected in the fourth quarter of 2026. The first concentrate was produced on September 8 during commissioning and ramp-up of the processing plant, following the introduction of the first ore to the crusher in July. The successful commissioning of key process plant systems, including crushing, grinding, flotation, and tailings thickening circuits, enabled this achievement. The ore stockpile currently exceeds 4.6 million tonnes above reserve grade, providing a strong foundation for ramp-up and underpinning more than seven months of processing throughput and concentrate production.

Agnico Eagle Mines' subsidiary, Agnico Eagle (USA), has agreed to sell its Delta and Helm Bay projects to Vizsla Copper for aggregate consideration and contingent milestone payments. Agnico Eagle will receive approximately C$32 million in consideration, including about 25.4 million common shares, 3.04 million warrants exercisable at C$1.95, and royalties on the projects. Vizsla will also make up to C$20 million in milestone payments tied to the Delta project, contingent on achieving a 300,000-tonne copper-equivalent mineral resource, completing a feasibility study, and starting commercial production.

Goldgroup Mining Inc. has announced a non-brokered private placement of up to 20,547,945 units at US$3.65 per unit, for aggregate gross proceeds of up to approximately US$75 million, with about US$60 million already committed by cornerstone investors including Trafigura, Eric Sprott, Rick Rule, Fiscal Wisdom, Calu Opportunity Fund, and two additional institutional natural resource funds. Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable at US$5.10 per share for 18 months. The offering is expected to close on or about September 30, 2026, subject to regulatory approvals from the TSX Venture Exchange and NYSE American. Proceeds will be used for working capital, advancing the company's portfolio of gold assets, and pursuing exploration, development, and potential M&A opportunities. If all warrants are exercised, Goldgroup would receive an additional US$52,397,257.

Goldgroup Mining Inc. has announced assay results from the first six drillholes of its ongoing 26,000-metre diamond drilling program at the San Francisco Gold Project in Sonora, Mexico, with high-grade intervals highlighting the project's potential and supporting work toward a possible restart. Notable intercepts include 23.4 metres grading 1.71 g/t gold in hole GGD-174, and 16.8 metres grading 4.36 g/t gold in GGD-178, which also returned a second interval of 10.0 metres grading 2.00 g/t gold. The company plans to incorporate these results into its geological and resource models to support a detailed technical study evaluating a potential restart and optimization of the formerly producing mine. Goldgroup has budgeted approximately US$8.5 million for the drilling program and expects the broader technical study to be completed in Q4 2026, with a possible restart in Q1 2027. CEO Javier Reyes said the results are a highly encouraging start and reinforce the belief that significant value can be unlocked from the established project.

Golden Minerals Company announced that Pablo Castanos has resigned as President and CEO, effective September 30, 2026, to pursue another opportunity, though he will remain a director. The Board has appointed David Watkins, a director since 2009, as the new President and CEO, effective the same date. Additionally, the company noted that its partner in the Sarita Este and Desierto projects in Argentina, Cascadero Copper Corporation, has agreed to sell its interests in those properties to Lumina Copper Corporation, a wholly-owned affiliate of First Quantum Minerals. Golden Minerals is planning a first-stage drill program to test potentially deep mineralization similar to that at First Quantum's Taca Taca project, with details expected later in September.

Canada is celebrating the progress of the McIlvenna Bay copper-zinc mine in Saskatchewan, which has achieved first concentrate and is ramping up toward commercial production. The mine, developed by Eldorado Gold in partnership with Indigenous groups, produced its first copper concentrate in June, followed by zinc and pyrite concentrates in July, and is expected to reach commercial production in the third quarter of 2026. The project has also connected to SaskPower's grid via a new 85-kilometre transmission line, and Eldorado Gold is exploring an expansion of processing capacity from 4,900 to approximately 7,000 tonnes per day, along with adding a silver-lead circuit. The federal government referred the project to the Major Projects Office in September 2025, and it has received significant funding, including up to $20 million from Natural Resources Canada, $41 million from Innovation, Science and Economic Development Canada, and approximately $156 million from the Canada Growth Fund. In 2026, the mine is expected to produce between five and 10 million pounds of copper, 3,000 and 6,000 tonnes of zinc, 5,000 and 10,000 ounces of gold, and 100,000 and 200,000 ounces of silver, with a mine life of at least 18 years. The project currently employs about 380 full-time workers, with approximately 34 percent being Indigenous, and is expected to create hundreds of jobs in Saskatchewan and Quebec.

Hycroft Mining Holding Corporation has appointed four veteran mining executives to its board of directors, effective September 1, 2026, including Richard O'Brien as Lead Independent Director. The new directors are Richard O'Brien, former CEO and CFO of Newmont Mining Corporation; Marcelo Godoy, Chief Technology Officer of AngloGold Ashanti plc; Josh Olmsted, former President of Americas at Freeport-McMoRan; and Blake Rhodes, former General Counsel and Senior Vice President of Newmont Corporation. Following these appointments, the board will comprise nine directors. Executive Chairman and CEO Diane R. Garrett said the additions represent a vote of confidence in the company's vision and will enhance the board's operating, technical, and financial expertise as Hycroft advances its Hycroft Mine in Nevada and its exploration program for the Brimstone and Vortex silver systems.

Chifeng Gold released its 2026 interim report, with total operating revenue of 7.018 billion yuan, net profit attributable to the parent company of 1.732 billion yuan, and net cash inflow from operating activities of 1.880 billion yuan. The latest asset-liability ratio was 29.62%, up 0.26 percentage points from the previous quarter; gross margin was 57.55%, down 1.72 percentage points from the previous quarter; ROE was 12.09%. Diluted earnings per share were 0.92 yuan, total asset turnover was 0.28 times, and inventory turnover was 1.06 times. The number of shareholders was 114,500, and the top ten shareholders held 38.83% of the total share capital.

Chifeng Gold released its 2026 semi-annual report, achieving operating revenue of 7.018 billion yuan, up 33.11% year on year; net profit attributable to shareholders of the listed company was 1.732 billion yuan, up 56.5% year on year. The profit growth mainly benefited from high gold prices and the advantages of its global expansion. Among this, second-quarter net profit was 744 million yuan, down 24% quarter on quarter, within the company's previously guided range of 712 million to 792 million yuan.

Chifeng Gold released its 2026 interim report, showing first-half net profit attributable to the parent rose 56.5% year on year to 1.73 billion yuan, while operating revenue grew 33.1% to 7.02 billion yuan. In the second quarter, operating revenue was 3.46 billion yuan, up 20.9% year on year, and net profit attributable to the parent was 744 million yuan, up 19.3%. As of the end of the second quarter, total assets stood at 25.253 billion yuan, up 1.1% from the end of the previous year, and net assets attributable to the parent were 14.326 billion yuan, up 6.8%. The company said its core business is gold mining, ore processing and sales, and it operates multiple mines globally, but technical upgrades and new projects have had a phased impact on output. In addition, the company is advancing strategic cooperation with Zijin Mining, achieving a change of control through equity transfers and a share issuance to support resource integration and operational management.

Jinyi Culture released its 2026 interim report, showing total operating revenue of 397 million yuan and net profit attributable to the parent company of 37.3395 million yuan, an increase of 61.613 million yuan compared with the same period last year, achieving a turnaround from loss to profit. Net cash flow from operating activities was negative 20.3478 million yuan. The company's latest asset-liability ratio is 9.37%, ranking first among comparable companies that have disclosed data; gross margin is 36.38%, ranking fifth, up 6.04 percentage points year-on-year, marking four consecutive years of growth. The latest return on equity is 1.73%, up 2.91 percentage points from the same period last year. Diluted earnings per share is 0.01 yuan, an increase of 0.02 yuan year-on-year. The company has 70,400 shareholders, and the top ten shareholders hold 1.025 billion shares, accounting for 38.54% of total share capital.

Shandong Gold released its 2026 interim report, showing total operating revenue of 53.588 billion yuan and net profit attributable to the parent of 3.543 billion yuan, up 26.17% from the same period last year, marking five consecutive years of growth. Net cash inflow from operating activities was 7.771 billion yuan, ranking first among peer companies.

Agnico Eagle Mines Limited announced that its wholly-owned subsidiary, Avenir Minerals Limited, acquired 666,667 units of Canada Nickel Company Inc. at C$1.50 per unit for total consideration of C$1,000,000.50 in a non-brokered private placement. Each unit consists of one common share and half a warrant, with each whole warrant allowing the purchase of one common share at C$2.25 for 36 months. Following the placement, Avenir and Agnico Eagle collectively own approximately 8.68% of Canada Nickel's issued shares on a non-diluted basis and 11.52% on a partially-diluted basis, down from 8.91% and 11.78% prior to the placement due to concurrent dilutive issuances. The investment aligns with Agnico Eagle's strategy of acquiring strategic positions in high-potential geological opportunities, and the company retains rights under an investor rights agreement to participate in future equity offerings and potentially nominate a board member.

Barrick Mining and Newmont Corporation have reached a landmark agreement to resolve all disputes over their Nevada Gold Mines joint venture, with Newmont paying Barrick $1.95 billion in cash and both companies contributing key properties to the venture. The deal also secures Newmont's consent for Barrick's planned IPO of its North American assets, which remains on track for year-end 2026, with Mark Hill set to lead the new standalone company. In Q2 2026, Barrick reported revenue of $5.29 billion, producing 796,000 ounces of gold at an all-in sustaining cost of $1,866 per ounce, while Newmont generated $2.9 billion in operating cash flow and a record $2.20 billion in free cash flow, producing 1.29 million ounces at a lower cost of $1,621 per ounce. Analysts have responded positively, with Barclays raising Barrick's price target to $42 and CIBC lifting Newmont's to $170. Hedge fund sentiment diverged, with Barrick's institutional holders steady at 75 and Newmont's rising from 69 to 82 in Q1 2026.

Zhongjin Gold released its 2026 interim report, showing total operating revenue of 42.982 billion yuan, up 22.57% year-on-year, and net profit attributable to the parent of 4.357 billion yuan, up 61.67% year-on-year. Net cash inflow from operating activities was 1.641 billion yuan, a sharp year-on-year increase of 1503.13%. The company's latest asset-liability ratio was 46.58%, gross margin was 20.67%, ROE was 13.41%, and diluted earnings per share was 0.90 yuan. The number of shareholders was 226,900, and the top ten shareholders held 55.61% of total share capital.

Between the evenings of August 21 and 23, several A-share companies disclosed major matters. Jinlong Shares is planning to transfer its 20% stake in Dongguan Securities, which is expected to constitute a major asset restructuring. Alled is planning to acquire no less than 51% equity in Huizhou Yuanbao Precision Hardware Die Casting through cash transfer and capital increase, also expected to constitute a major asset restructuring. ST Kangjia A will suspend trading from August 24 due to planning a major matter, expected to last no more than five trading days. Jiayuan Technology will be subject to other risk warnings from August 25 because of false records in its prospectus and annual reports, with its abbreviation changed to ST Jiayuan. Huayang Group's controlling shareholder Huayue Investment plans to transfer a 28.3% stake to Jiuzhou Group for 5.66 billion yuan, and the actual controller will change to the Mianyang State-owned Assets Supervision and Administration Commission. Seagull Housing's controlling shareholder Zhongyu Investment plans to transfer a combined 25.01% stake to Botai Chelian and Fuqing Yaohong, and the actual controller will change to Ying Zhenkai. In terms of performance, Zijin Mining's net profit in the first half of the year was 39.17 billion yuan, up 68.17% year on year. Zhongji Innolight's net profit was 13.651 billion yuan, up 241.7%. Yangtze Optical Fibre and Cable's net profit was 2.925 billion yuan, up 888.88%.

Royal Gold reported second-quarter revenue rose 56.5% to $450 million, with earnings of $2.56 a share, up 41% from a year ago, though both figures narrowly missed analyst estimates. The Denver-based company, which acquires and manages metal streams and royalty interests rather than operating mines, posted record operating cash flow of $335.2 million, more than double the prior year. Gold accounted for 76% of revenue, silver 12%, and copper 8%. The article argues that demand from AI data centers will continue to support copper and silver prices, while gold benefits from expectations of Federal Reserve rate cuts, a weaker dollar, and central bank diversification away from the dollar.

Zijin Mining released its 2026 interim report, with net profit attributable to the parent company of 39.17 billion yuan, an increase of 15.878 billion yuan from the same period last year, up 68.17% year on year, marking three consecutive years of growth. The company's total operating revenue was 194.178 billion yuan, up 15.78% year on year, achieving five consecutive years of growth. Net cash inflow from operating activities was 55.472 billion yuan, up 92.41% year on year. The latest gross margin was 37.75%, an increase of 14.00 percentage points from the same period last year, achieving twelve consecutive quarters of growth. The latest return on equity was 19.03%, an increase of 2.64 percentage points from the same period last year. The company's diluted earnings per share was 1.47 yuan, up 67.96% year on year.

On the evening of August 21, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued announcements. Among them, the IPO review status of Yangtze Memory Technologies Co., Ltd. on the STAR Market was changed to accepted, with a planned fundraising amount of 33 billion yuan. Zhongji Innolight reported semi-annual net profit attributable to the parent of 13.651 billion yuan, up 241.7 percent year on year, and plans to distribute 12 yuan per 10 shares. Yangtze Optical Fibre and Cable reported semi-annual net profit attributable to the parent of 2.925 billion yuan, up 888.88 percent year on year, and plans to distribute 10.6 yuan per 10 shares. Dongshan Precision Manufacturing reported semi-annual net profit attributable to the parent of 2.957 billion yuan, up 290.09 percent year on year. Zijin Mining Group reported semi-annual net profit attributable to the parent of 39.17 billion yuan, up 68.17 percent year on year, and plans to distribute 4.2 yuan per 10 shares. Sea Gull Housing's controlling shareholder Zhongyu Investment plans to transfer 20 percent of the company's shares to Botai Chelian, and 5.01 percent of the shares to Fuqing Yaohong. The company's controlling shareholder will change to Botai Chelian, and the actual controller will change to Ying Zhenkai. Trading in the shares will resume on August 24. Zoneco Group plans to list and transfer an 18 percent stake in Amur Company with a reserve price of 108 million yuan. Dosilicon plans to invest 682 million yuan to build a storage-computing integrated chip research and development project. In addition, Guolian Minsheng President Ge Xiaobo resigned, and Wang Jinling will act as president. Harbin Investment and Longjian Road and Bridge also saw changes in their board secretaries.

Zijin Mining released its 2026 interim report. In the first half, it achieved operating revenue of 194.178 billion yuan, up 15.78% year on year. Net profit attributable to the parent company reached 39.17 billion yuan, up 68.17% year on year. Basic earnings per share were 1.434 yuan. The company plans to distribute a cash dividend of 4.2 yuan per 10 shares, tax included. During the reporting period, mined gold rose 13% year on year. Mined copper, excluding the impact of Kamoa, increased 5% year on year. The lithium segment has begun to make a meaningful contribution, with lithium carbonate equivalent output rising sharply year on year. Production capacity for rare and strategic metals such as molybdenum, tungsten and tin was released in line with market conditions. Comprehensive utilisation of sulphur resources, including sulphur concentrate and sulphuric acid, delivered notable benefits and became a new profit highlight.

Sichuan Gold released its 2026 interim report, with net profit attributable to the parent company of 433 million yuan, up 107.34% from the same period last year. Total operating revenue was 827 million yuan, up 87.03% year on year, marking four consecutive years of growth. Net cash inflow from operating activities was 568 million yuan, up 83.24% year on year. The company's latest gross margin was 71.01%, ranking first among disclosed peers. Its latest return on equity was 21.01%, ranking second. Diluted earnings per share were 1.03 yuan, ranking first. The company's latest asset-liability ratio was 38.82%, with 45,100 shareholders. The top ten shareholders held 277 million shares, accounting for 65.95% of total share capital.

Zijin Mining released its 2026 semi-annual report. Net profit attributable to shareholders of the listed company in the first half was 39.17 billion yuan, up 68.17% year on year. During the reporting period, the company achieved operating revenue of 194.178 billion yuan, up 15.78% year on year. The company plans to distribute a cash dividend of 4.2 yuan per 10 shares, tax included.

Zijin Mining released its 2026 semi-annual report. In the first half, it achieved operating revenue of 194.178 billion yuan, up 15.78% year on year, and net profit attributable to shareholders of the listed company of 39.17 billion yuan, up 68.17% year on year. During the reporting period, the company produced 47 tonnes of mined gold, up 13% year on year, and 534,000 tonnes of mined copper, up 5% year on year after excluding the Kamoa impact. It produced 200,000 tonnes of mined zinc and lead, and 229 tonnes of mined silver. The lithium segment produced 44,000 tonnes of lithium carbonate equivalent, a significant year-on-year increase. The company plans to distribute a cash dividend of 4.2 yuan per 10 shares, tax included.

Zijin Mining released its 2026 interim report, with first-half net profit attributable to the parent of 39.17 billion yuan, up 68.2% year-on-year. Operating revenue was 194.18 billion yuan, up 15.8% year-on-year; net profit attributable to the parent excluding non-recurring items was 38.03 billion yuan, up 75.9% year-on-year; net operating cash flow was 55.472 billion yuan, up 92.4% year-on-year. Second-quarter net profit attributable to the parent was 19.09 billion yuan, up 45.5% year-on-year. The company said that in the first half, output of major products such as mined gold, copper and zinc advanced steadily, while lithium carbonate equivalent output in the lithium segment surged to 44,000 tonnes.