Zijin Mining Q1 Net Income $2.8B

Zijin Mining reported first‑quarter net income of 20 billion yuan (≈$2.8 billion), driven by lower unit costs in copper and gold.
Gold sales fell 3% QoQ to 22.2 tonnes but rose 23% YoY; unit gross profit doubled YoY to 782 yuan/gram, price up 14% QoQ.
Copper sales flat at 223,000 tonnes QoQ, up 1% YoY; gross profit per tonne rose 24% QoQ to 56,600 yuan, cost fell 3% QoQ.
Lithium production reached 16,000 tonnes LCE (14% of 2026 target); sold 13,300 tonnes with 61% margin, price 101,000 yuan/tonne, cost 39,000 yuan/tonne.