Zijin Mining completes acquisition of Akyem gold mine

Zijin Mining Group (SSE:601899) announced the completion of its acquisition of the Akyem gold mine from Newmont Corporation on April 16, 2025. The Akyem mine, located in a major global gold-producing region, utilizes open-pit mining and a conventional carbon-in-leach process. The mine boasts a plant design capacity of 8.5 million tonnes per year. From 2021 to 2024, the gold production was 11.9 tonnes, 13.1 tonnes, 9.2 tonnes and 6.4 tonnes respectively. In 2023, Akyem generated sales revenue of USD 5.74 million and a net profit of USD 1.28 million. Zijin Mining believes that the Akyem mine presents substantial exploration and resource expansion opportunities, contributing positively to the group's overall gold production targets.