On August 25, 2020, Zijin Mining disclosed that it has completed the acquisition of 100% equity in Guyana Gold Field. This is the second gold mine merger and acquisition completed by Zijin Mining in 2020 following the delivery of the Buritika Gold Mine in Colombia. So far, the company's gold resource reserves have exceeded 2,300. Tons, it is the company with the largest reserves of gold resources among domestic listed companies.

The Aurora Gold Mine in Guyana has 118.69 tons of proven + controlled gold resources with an average grade of 3.15 g/ton, and an inferred gold resource of 59.13 tons with an average grade of 2.28 g/ton. The processing plant has formed a processing capacity of 7,500 tons/day, with an average annual gold production capacity of more than 4 tons.

The Zijin project team arrived in Guyana by chartered flight on the same day. The team has initially completed the preparation of the mining plan for 2020 and 2021 and the cost reduction measures, logistics guarantee, epidemic and security prevention and control work plans. The team will strive to seize the opportunity of high gold prices. Resume work and production in the shortest time.

In the first half of 2020, Zijin Mining achieved a net profit of 2.42 billion yuan attributable to its parent, and 20.24 tons of mineral gold, contributing nearly 40% of gross profit. The company holds a number of high-growth potential gold mines. Among them, the Buritika gold mine has synchronized stable production and technological transformation and expansion. After the completion of the technological transformation, the annual gold output will increase to 9.1 tons. The ZB gold mine newly discovered by Serbia Zijin Copper After the completion of the project, the annual output of gold is 2.23 tons. The company's core products such as Norton Jintian, Longnan Zijin, and Guizhou Zijin have all exceeded 100 tons through independent exploration and are undergoing orderly technological transformation and expansion.

The gold business is the company's main source of revenue and main profit contribution point. With the addition of this Guyana project, the company's gold sector continues to increase, and the amount of mineral gold is expected to achieve new breakthroughs. Editor/Tian Zengpeng