SMM11, March 3: today, due to the uncertainty of the outcome of the upcoming US presidential election and the surge in the number of new cases of novel coronavirus around the world, people's concerns about economic recovery have been intensified, further enhancing the attractiveness of safe-haven gold, and the precious metals market is once again favored. Among them, Zijin Mining (601899) shares reached an intraday high of 7.89, a new high in more than 12 years.
In addition to being driven by the overall good of the precious metal plate, Zijin Mining's operating performance is also eye-catching. According to Zijin Mining's performance report, the company achieved a net profit of 2.15 billion attributable to the parent company in the third quarter, an increase of 86.72% over the same period last year. From January to September, the cumulative net profit attributed to the parent company was 4.572 billion yuan and the operating income was 130.434 billion yuan, an increase of 52.12% and 28.34% respectively over the same period last year, creating the highest level in the history of the company in the same period.
The epidemic has affected commodity prices to rise sharply this year. In the first three quarters of this year, the novel coronavirus epidemic broke out all over the world, and the economic situation was very complicated. The international gold price broke through the 2000 US dollars / ounce mark all the way, with a strong growth momentum. At the same time, some metal mines were shut down due to the epidemic, and the prices of copper, zinc and other metals also rose. In the first three quarters, Zijin Mining achieved 29.46 tons of mineral gold, 345300 tons of mineral copper, 244000 tons of mineral zinc and 217.74 tons of mineral silver, of which mineral copper increased by 30.69 percent over the same period last year, and the ratio of mineral to silver increased by 33.08 percent.
