Zijin Mining Sets Ambitious 50% Growth Target For Copper Production By 2028
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
0mins
Source: Benzinga
- Zijin Mining Group's Copper Production Targets: Zijin Mining Group has revised its copper production targets for 2025, aiming to produce 1.22 million tons next year, a 4% increase from the previous goal.
- Expansion Plans and Investments: The company plans to boost copper output significantly by 2028, targeting production levels between 1.5 and 1.6 million tons, with investments in key projects like the Julong copper project in Tibet.
- Acquisitions and Global Influence: Zijin intends to acquire large mines or mining companies with global influence, aligning its strategy with the current market dynamics of soaring copper prices.
- Market Dynamics and Supply Shortages: The surge in copper prices is attributed to supply shortages caused by disruptions in major copper mines, leading to a tightening market.
- Other Metal Production Targets: While focusing on copper, Zijin adjusted its lithium carbonate production target due to price slumps but maintained a bullish outlook for gold production.
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Analyst Views on PAAS
Wall Street analysts forecast PAAS stock price to fall
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 55.160
Low
43.19
Averages
49.70
High
55.00
Current: 55.160
Low
43.19
Averages
49.70
High
55.00
About PAAS
Pan American Silver Corp. is a producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. It owns a 100% interest in the Escobal mine in Guatemala, and it holds interests in exploration and development projects. Its segments include Silver, Gold and Other. Silver segment includes operations of La Colorada, Huaron, San Vicente, Cerro Moro, La Colorada Skarn, Navidad and Escobal. Gold segment includes operations in Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. La Colorada mine produces silver-rich lead and zinc concentrates from a flotation plant treating sulfide ore. Huaron mine produces silver-rich zinc, lead and copper concentrates using floatation technology. It owns 44% joint venture interest in the Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc, along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project.
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.
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See More
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