China's Zijin buys Kazakhstan gold mine for $1.2B ahead of overseas unit’s Hong Kong listing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 30 2025
0mins
Source: SeekingAlpha
Zijin Mining Acquisition: China's Zijin Mining has agreed to purchase the Raygorodok Gold Mine in Kazakhstan for $1.2 billion, aiming to enhance its gold reserves and production capacity.
Future Growth Plans: This acquisition is part of Zijin's strategy to become one of the world's top three gold producers by 2028, up from its current position as sixth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
