On October 10, Zijin Gold International, a subsidiary of Zijin Mining Group, completed the full acquisition of the Raygorodok gold deposit in northern Kazakhstan. This transaction, carried out a few days after its IPO in Hong Kong, represents a key strategic step to strengthen its presence in Central Asia.
Raygorodok as high potential gold asset
The Raygorodok mine, also known as RG Gold, is comprised of two open pits and has a leaching plant. leaching plant and a and a pulp coal plant, which opened in 2016 and 2022, respectively. According to company data, as of June 30, 2025, combined mineral resources totaled 208 million tonnes at an average grade of 1.0 g/t gold. Certified reserves represent 87 tons of metal.
In the last two years, annual production averaged six tons, with revenues exceeding US$470 million in 2024 and a net profit of more than US$200 million, positioning it as a highly profitable operation.
Regional synergies and capacity building
With this addition, Zijin Gold International adds its ninth gold mine in gold mine in operationThe new mine is expected to have a total production capacity of 100 to 110 tons by 2028. In addition, the combined presence of the Jilau and Taror mines in Tajikistan, Taldybulak in Kyrgyzstan and now Raygorodok, forms a strategic cluster in the Central Asian metallogenic belt.
This cluster will make it possible to take advantage of shared logistics corridors, optimize technical management and facilitate the rotation of specialized personnel between operations. In parallel, we plan to accelerate feasibility studies to improve pit design and increase the utilization of resources at high gold prices. high.
A favorable environment for gold
The acquisition comes against a backdrop of sustained high gold prices, driven by geopolitical uncertainty and inflation. This situation benefits companies with low-cost, high-efficiency assets such as Zijin, which is seeking to consolidate its position among the main global producers of the metal.
Zijin Gold International is now ranked ninth in the world in terms of gold reserves. gold reserveswith a total of 932 tons. The acquisition also marks a demonstration of the company’s ability to execute expansion strategies quickly and in line with the movement of its shares in the markets.
The company said it expects Raygorodok to begin contributing to its results immediately, consolidating its growth trajectory in the region and its global competitiveness.
Source and photo: Zijin Gold International
