Zijin Mining has completed the acquisition of the Akyem gold mine in Ghana, further cementing its status as a major global gold producer. The deal strengthens Zijin’s growing gold portfolio, which already includes key assets such as the Rosebel and Aurora mines, and supports the company’s goal of surpassing 100 tonnes of mined gold annually by 2028.
The acquisition comes amid a surge in gold prices, which helped Zijin achieve a record net profit of RMB 10.2 billion in the first quarter of 2025—a 62% increase year-on-year. For the first time, quarterly profit exceeded RMB 10 billion, with gold contributing more than 35% of the company’s gross profit. Rising market sensitivity to gold as a safe-haven asset, fueled by economic uncertainty and shifting U.S. tariff policies, has bolstered demand and improved returns across Zijin’s gold operations.
Zijin, which began as a gold producer, has historically been recognized for rapid copper sector growth but is now gaining momentum in gold. The company’s global gold production ranking has jumped from 13th in 2019 to 6th based on 2024 performance data. Over the past five years, Zijin has maintained a compound annual growth rate of 12% in gold production.
The Akyem acquisition marks a strategic step forward, enhancing both resource base and operational capacity as the company positions itself for continued expansion in the gold sector.
