Zijin Gold International jumps on its Hong Kong debut after a $3.2bn IPO

The unit, which holds all of Zijin Mining’s gold mines outside China, sold 349 million shares at HK$71.59 each, the largest IPO of its kind in 2025. The shares rose as much as 66% on the first day.

Why it matters. Listing a subsidiary can unlock value the market does not see inside a conglomerate, and raise cash for more deals.

Source

Mining Weekly

In the course

Module 5: Valuing a mine