On May 25,  Zijin Mining’s 2022 Annual General Meeting was held at its headquarters in Shanghang, Fujian. The first general meetings in 2023 for holders of its A and H shares were also held on the same day. Sixteen general resolutions and seven special resolutions were approved during the meetings.

In 2022 and Q1 2023, Zijin achieved continued growth in financials and leads the world in the growth of gold and copper output. It recorded a net operating income of 20 billion yuan ($2.9 billion) in 2022, and 5.4 billion yuan ($0.8 billion) in Q1 2023. Furthermore, Zijin’s mined copper production surged by 24% to 244,471 tonnes, and its mined gold output rose by 22% to 15.952 tonnes during the first quarter of 2023.

To continue sharing the fruits of its growth with shareholders and investors, Zijin will distribute a cash dividend of RMB 0.2 per share. The dividend payments total 5.3 billion yuan ($0.8 billion). Over the past 3 years, Zijin has paid about 13.6 billion yuan ($2.0 billion) in dividends, which is equivalent to 33% of its net attributable profit during the period.

During the shareholder meetings, institutional and retail investors asked questions about the progress of key projects, M&A, cost control, Zijin’s investments in the renewable energy industry, and its global operations system. The directors and executives of Zijin Mining answered the questions and had in-depth communication with the shareholders.

In the next three years, guided by the overachieving principle of improving quality, controlling costs, and boosting profitability, Zijin will drive strong, sustainable growth of its business, and provide materials that improve living standards in a low-carbon future.

The shareholder meetings were chaired by Chen Jinghe, Executive Chairman of Zijin Mining, and attended in person or via video link by more than 70 people, including shareholders, shareholder representatives, brokers, as well as the company’s directors, supervisors and executives.

Translator: Wei Yalin    Reviser: Li Yuanxing   Editor-in-Chief: Wang Jie