Zijin Mining completes acquisition of Akyem gold mine in Ghana

Zijin Mining Group Co., Ltd. (HKEX:2899) announced today the completion of its acquisition of a 100% interest in the Akyem Gold Mine Project in Ghana from Newmont Corporation. The transaction, initially announced on October 9, 2024, closed on April 16, 2025. Located in a major gold metallogenic belt, the Akyem Gold Mine has a processing plant with a designed capacity of 8.5 million tonnes/year. The mine demonstrated stable operations, producing 6.4 to 13.1 tonnes of gold annually between 2021 and 2024. In 2023, the project generated an operating income of USD574 million and a net profit of USD128 million. Zijin anticipates that the Akyem Gold Mine Project will contribute positively to the Group's gold production targets, given its favorable mineralization conditions and potential for reserve growth. The company also stated that the acquisition does not constitute a notifiable or connected transaction under the Hong Kong Stock Exchange's listing rules.