A Zijin Mining sign is illuminated at the company's booth, at the Prospectors and Developers Association of Canada (PDAC) annual mining conference in Toronto, Ontario, Canada March 3, 2025.
The acquisition is led by Zijin Gold International and Jinha Mining, subsidiaries of Zijin Mining. They have signed a deal to secure full ownership of RG Gold LLP and RG Processing LLP, the Kazakhstan-based companies that own and operate the Raygorodok Gold Mine. The mine includes both mining assets managed by RG Gold LLP and a processing plant operated by RG Processing LLP, as outlined in a company statement.
Zijin Mining highlighted the strategic importance of the acquisition, noting: “The Raygorodok Gold Mine strengthens our global gold portfolio and supports our growth objectives.” The deal enhances Zijin’s production capacity, leveraging the mine’s substantial reserves and operational infrastructure.
The timing of the purchase aligns with favorable market conditions, as global gold prices have risen significantly in 2025. This increase is driven by ongoing economic uncertainties, which have boosted demand for gold as a stable investment. The acquisition positions Zijin to capitalize on these market trends, further solidifying its standing in the global gold industry.
In April 2025, Zijin announced plans to reorganize its overseas gold assets by spinning off Zijin Gold International for a listing on the Hong Kong Stock Exchange. The company stated: “The spin-off will enhance our ability to manage international assets and pursue further growth opportunities.” The acquisition of the Raygorodok Gold Mine aligns with this strategy, expanding Zijin’s international footprint and supporting its goal of optimizing its global operations.
The Raygorodok Gold Mine is expected to contribute significantly to Zijin’s gold output, complementing its existing portfolio of mines across South America, Central Asia, Africa, and Oceania. This move underscores Zijin’s focus on securing high-quality assets to meet growing global demand for gold.
The acquisition reflects Zijin’s ongoing commitment to expanding its presence in key mining regions while maintaining operational efficiency. As the company integrates the Raygorodok Gold Mine into its portfolio, it aims to strengthen its position as a leading global producer of gold and other critical minerals.
