publication
2025-09-19 13:45
The Zijin Mining, separated from the mining giant, Zijin Gold International, focusing on the extraction of gold in mines outside China, announced on Friday the first public offer worth $ 3.21 billion. This is the largest offer of this type on the Hong Kong Stock Exchange this year, carried out at the time of Mega Hossy Gold Miners.
The name “Zijin” literally means “purple gold.” This concept comes from Chinese, where “zi” means purple, and “jin” gold or simply precious metal. Zijin Gold International was created this year after the separation of foreign mines extracting gold from the Chinese mining giant Zijin Mining Group, specializing in the extraction of gold, copper and zinc.
Purple giant from China
The group is listed on the Shanghai Stock Exchange and on the Hong Kong Stock Exchange, and its largest shareholder is the state company Shanghang Minxi Xinghang State. This year, her shares got up to 65 percent, and capitalization has grown to almost $ 95 billion.
Now its subsidiary will enter the stock exchange in Hong Kong. IPO of Zijin Gold International is the largest of the first public offers in Hong Kong in 2025, aimed at raising about $ 3.2 billion (24.98 billion HKD). Although the world's largest offer was carried out by the world's largest battery manufacturer for CATL electric vehicles ($ 4 billion), but its shares were already available on the SHENZHEN stock exchange.
The first public offer Zijin Gold sells 349 million shares at a price of 71.59 HKD (approx. $ 9.21) per share, and the quotations are to start on September 29, 2025. After valuation, the company reaches a market value of around $ 24.1 billion. The announced prospect assumes that after the offer, most shares will still be in the hands of the home company (about 85-87 percent).
The funds obtained are to be allocated to the modernization and expansion of existing mines in the next five years, which will increase production capacity. The company has such kicking mines outside China as Buritica, which is the largest gold mine in Colombia, Zeravshan in Tajikistan, Raygorodok in Kazakhstan, Aurora in Guyana, Norton, Australia or Aky in Ghana – located in a world -famous golden golden gold in West Africa.
Bull market on the market of gold miners
The offer is very popular, with the participation of 29 key investors, such as the Singapore (GIC) property fund, Private Equity Hillhouse, Blackrock and Schroders funds, which together declared half of the offered shares. The plans to make Zijin Gold publicly talk before, when Zijin Group, the largest Chinese gold and copper producer, announced a plan to separate foreign gold assets, in order to accelerate global expansion, improve valuation and attract international investors. Time is not accidental, because in addition to a few -year -old bull market in gold, in 2025, the stock prices of gold -mining companies are increasing.
The NYSE Arca Gold Miners index, measuring the stock market condition of gold miners, has already gained over 96 percent this year, which outclassed the rate of return achieved by gold beating records. Macroeconomic perspectives and the operational improvement of margins have made the gold mine actions this year sought after, about which more in the article “Miners in the price” and “this year they shine brighter than gold”. Zijin Gold, with a valuation exceeding $ 24 billion, can immediately jump into the top dozens of the largest stock market companies extracting gold.
Michał Kubicki
