CMOC reports record H1 profit, expands into gold resources

CMOC Group Limited announced a record net profit attributable to the parent company of RMB8.671 bn for the first half of 2025, a 60.07% year-on-year increase. Operating revenue reached RMB94.773 bn. The company's operating net cash flow also increased by 11.40% to RMB12.009 bn, while cash and cash equivalents stood at RMB29.191 bn, maintaining a stable gearing ratio of 50.15%.

Operational highlights include exceeding annual targets for all products, with copper output rising by approximately 12.68% to 353,570 tonnes and cobalt output by 13.05% to 61,073 tonnes. The company successfully acquired Odin Mining del Ecuador (Cangrejos Gold Mine), strategically positioning itself on gold resources with planned operation by 2029. CMOC also continued to advance its ESG performance, securing an AA rating from MSCI ESG Rating, ranking among the top 11% in the global non-ferrous metals industry for the third consecutive year.