Western Mining details 2024 performance and 2025 outlook

Western Mining (SSE:601168) held a briefing to discuss its 2024 performance and Q1 2025 results, showcasing a strong start to the year with CNY 16.542 billion in revenue, a 50.7% year-over-year increase. Net profit attributable to shareholders also rose by 9.61% to CNY 808 million. The company highlighted its ongoing efforts to expand resource reserves, with new mining permits secured and projects underway in Tibet, Xinjiang, Qinghai and Gansu. Western Mining reaffirmed its commitment to shareholder returns, emphasizing a stable dividend policy and adherence to regulatory guidelines. The company anticipates a positive outlook for the year, projecting increased production of key metals such as copper, zinc, and lead, alongside continued efforts to enhance operational efficiency and sustainability.