Rising prices and improved production should support Chinese gold miners' financial performance and credit profiles in the next two years, S&P Global Ratings said in a Tuesday release.
The rated mining companies' robust operating cash flow should also serve as a cushion, with S&P expecting them to tolerate a 20% decline in gold prices from the base case.
The companies will need to increase their capital expenditures to cover their expansion targets, but S&P sees them practicing financial discipline and flexible time goals even with the large investments.
The rated miners include Shandong Gold Mining (HKG:1787, SHA:600547) parent Shandong Gold Group, Zhaojin Mining Industry (HKG:1818), and Zijin Mining Group (SHA:601899, HKG:2899).
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。