Miner Shanjin plans IPO in Hong Kong listing amid record prices for gold

Shanjin International Gold, one of China’s biggest and most profitable gold miners, is planning a new stock offering in Hong Kong to broaden its financing channels and facilitate its overseas expansion.

Shanjin, whose shares are listed in Shenzhen, was the sixth largest producer and fourth most profitable gold miner based on its 2023 performance, according to the China Gold Association.

Shanjin operates six mines, with three focused on gold production. It acquired a gold exploration and development group, Osino, based in Namibia last year. Ghana reaches a historic milestone with the opening of its largest gold mine, located in the Talensi district and developed by Shandong Gold.