Zijin Mining Group (SHA:601899) expected to record an about 52% increase in 2024 profit due to higher production and enhanced operational efficiency.

2024 attributable net profit is expected to be about 32 billion yuan, up from 21.1 billion yuan the previous year, according to a Wednesday filing with the Shanghai bourse.

Zijin Mining Group also proposed a production plan for its major mineral products in 2025, which include 1.2 million tons of copper, 85 tons of gold, 440,000 tons of zinc (lead), 40,000 tons of equivalent lithium carbonate, 450 tons of silver, and 10,000 tons of molybdenum.

Shares of the miner were down 1% in recent trade on the Shanghai bourse.