Gold mines have always been coveted by the world. In 2024, international gold prices broke historical records more than 30 times. In 2025, gold prices continued to soar, with international gold prices surpassing $3000 per ounce for the first time, spot gold prices reaching a historic high, and domestic gold jewelry prices surpassing $900 per gram for the first time The global gold price has gone crazy.
Compared to the hot price of gold, global gold mines are becoming increasingly difficult to explore and government licenses are becoming increasingly difficult to obtain. Even if licenses can be obtained, large-scale gold mines require extensive exploration and development, taking an average of 10 to 20 years to start production. Therefore, the production growth of the global gold mining industry is becoming increasingly difficult to sustain.
In recent years, there have been frequent mining and merger cases around the world, and China is no exception.
According to a report by Caijing magazine, incomplete statistics show that in recent years, Chinese gold mining listed companies have owned over 50 gold mines worldwide. These gold mines are located in regions with abundant gold resources such as South Asia, Eastern Europe, West Africa, and South America. According to the latest statistics from the China Gold Association, in 2024, China's large gold conglomerates' overseas mines achieved a mineral gold production of 71.937 tons, a year-on-year increase of 19.14%.
Among numerous gold mining enterprises, Zijin Mining is undoubtedly the most confident one. Over the past 30 years, Zijin Mining has launched over 50 billion yuan worth of mergers and acquisitions overseas, aggressively "sweeping the market" globally, thanks to a batch of high-quality projects with ultra-high resources obtained overseas in recent years. In 2024, Zijin Mining produced 73 tons of mineral gold. According to data released by the China Gold Association, China's gold production was 377.242 tons, and Zijin Mining's mineral gold accounted for approximately 19.35% of the country's mineral gold production.