Zijin Mining Group (ZIJMF, Financial), traded on the US OTC market, experienced a significant stock price drop of 7.38%. The share price is currently at $1.82 with a trading volume of 78,550 shares. The company recently reported a revenue of $10.951 billion, a net profit of $1.294 billion, and earnings per share of $0.05, with a gross profit of $2.052 billion and a P/E ratio of 12.06. No investment firms have issued buy, hold, or sell ratings for the stock.
Zijin Mining is part of the gold industry, which saw an overall increase of 0.39%. Within this sector, companies like International Tower Hill Mines, Ltd., Novagold Resources Inc., and Idaho Strategic Resources, Inc. showed notable gains. Stocks with high turnover rates include I-80 Gold Corp., Fortuna Mining Corp., and Idaho Strategic Resources, Inc., while those with significant price fluctuations include I-80 Gold Corp., International Tower Hill Mines, Ltd., and Austin Gold Corp.
Zijin Mining focuses on the exploration and development of gold and copper resources, with most of its operations based in mainland China. The company specializes in the processing, refining, and trading of gold, with the majority of its income coming from these activities.
Recently, there were reports suggesting that Zijin Mining in Colombia was targeted by a drug trafficking group, resulting in the theft of 3.2 tons of gold. Despite acknowledging illegal mining activities, the company stated that the exact amount of illicit mining is difficult to determine. Colombian government officials noted an increase in illegal mining activities due to rising gold prices. However, Zijin Mining indicated that the impact on its financial performance is minimal, with their Buriticá gold mine generating approximately CNY 2.598 billion in revenue in the first half of the year, of which Zijin holds a 69.28% stake, contributing about CNY 1.8 billion to the company.
