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<Research>Citi Expects ZIJIN MINING to Achieve Steady Production Growth, Keeps Stock as Top Pick
ZIJIN MINING (02899.HK) announced its production plan for 2026-28 and its target outline up to 2035, Citi said in a research report. The production guidance for 2026 includes 1.2 m...
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<Research>Citi Expects ZIJIN MINING to Achieve Steady Production Growth, Keeps Stock as Top Pick
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ZIJIN MINING (02899.HK)  +1.040 (+2.519%)    Short selling $787.06M; Ratio 27.971%   announced its production plan for 2026-28 and its target outline up to 2035, Citi said in a research report. The production guidance for 2026 includes 1.2 million tons of mined copper, 105 tons of gold, 120,000 tons of lithium, 400,000 tons of zinc, 52 tons of silver, and 15,000 tons of molybdenum, +10%, +17%, +380%, flat, +19%, +36% YoY, respectively.

The production targets for 2028 are 1.5-1.6 million tons of mined copper, 130-140 tons of gold, 270,000-320,000 tons of lithium, 400,000-450,000 tons of zinc, 600-700 tons of silver, and 25,000-35,000 tons of molybdenum. Compared to previous guidance, these figures are flat/ +30 tons/ +20,000 tons/ -150,000 tons/ flat/ flat.

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Through the expansion plans of existing mines and M&As, Zijin's production will continue to grow steadily in the coming years, Citi forecast, keeping its top pick recommendation with a target price of HKD39 and a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-02-10 16:25.)

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