129773928547656250_186Hexun homepage established mobile phone version of the stock/fund market for micro-blogging news blog live small company stocks the major new share placements by gem new third sector brokers New York themesBulletin deal prompted the financial calendar of earnings release memo block trade in thousands of shares of financial market Center collection of funds flowing to new share purchase financing Twitter pioneer financial management training in the daily limit of the unit gather Forum hexun.com stock > body font size print RSSMarch 27, 2012 source: business news author: Cao Kaihu Cao Kaihu [in resources for the age of Kings, zhaojin mining industry had to contend with several other companies, continued to buy upgrade resources. Overseas acquisitions but the company is not so smooth] needed overseas acquisitions in ChinaFourth-largest gold producer gold mining (01818.
HK), is expected to return to the a-shares this year.
Description of the performance of the company at the meeting yesterday, Lu Dongshang, Chairman of zhaojin mining industry, the company has started returning a-share plans, hoped that this year's return of a stock market, but has not yet decided on capital-raising scale
tera power leveling, it will act in accordance with the China Securities Regulatory Commission requirements. GoldEffect of yield increases and rising gold prices, the company revenues to $ 5.74 billion last year, an increase of 40%; profits $ 1.66 billion, an increase of 38.27%; the gold output of 23.58 tons, an increase of 12.66%, gold and minerals processing in smelting gold production growth and 15.6%, respectively. China GoldAccording to the Association, the 2011 international gold prices remain firm, annual international spot gold price opened at $ 1421.38/Oz, the lowest price at $ 1308.37/Oz
tera gold, on September 6, a record $ 1920.38 an ounce the highest record in history, closing at $ 1565.02/oz. 2011 annual average goldPrice: us $ 1571.68 an ounce.
Worthy of note is, zhaojin mining industry last year, gross profit margin fell 3.03%, to 53.37%, mainly due to the cost. Not only is the gold industry
tera power leveling, domestic enterprises profits full pot of gold last year. Latest statistics show China Gold Association 2011 China's gold output reached360.957 tons, increased over the previous year to 20.081 tonnes, an increase of 5.89%, then hit a historical high, ranking first in the world for five consecutive years. Top three gold group, zhaojin mining industry both in size as well as overseas acquisitions, has become weak. Resources for the age of Kings, zhaojin mining industry had to contend with several other companies, continued to buy upgrade resourcesThe volume.
Overseas acquisitions but the company is not so smooth.
In fact, early in 2010 on the explanation of performance, zhaojin mining industry Secretary Wang Ligang revealed, the group already has three overseas projects under negotiation, but as of now it does not have any progress. Zhaojin mining plans to invest 800 million Yuan this year, Xinjiang, Gansu, Inner Mongolia andFocusing on areas of Shandong, tracking the implementation of key reserves of quality resource projects.
At the same time, zhaojin mining industry plans to increase research and efforts to promote overseas expansion strategy, adequate justification and tracking in accordance with Group overseas projects of cooperation and timely acquisitions, planned for this year by external development of new germplasm resource of 50 tons. Due to the high price of gold, now buy gold tends to cost more, Zhaojin mining industry needed a-shares to finance the reunification.
In addition, Lu Dongshang revealed, there are 4~5 of the parent company prospecting rights, into the company in due time, it will also need a lot of money. Zhaojin mining industry is currently borrowing 1.668 billion yuan, increasing 278% than $ 440 million in 2010, including $ 1.51 billion a year to repay. The company's Chief ExecutivePresentation pointed out that Zhang Banglong in performance, the company has $ 5.1 billion bank credit line, $ 1 billion bond amount, plus the operating cash flow of more than $ 2 billion last year, with growth this year, another company in the capital markets, it is believed that the financial situation can cope with.
The company's capital expenditure this year to $ 2.49 billion. On Friday, the gold industry and a wholly-owned subsidiaryGold transfer agreement nonferrous metal mining, gold colored cartridge and Jin Han Zun mining prospecting right after purchase all the shares, total costs of $ 597 million, allotment and issue of consideration shares of a company's pay, price share issue price per share of $ 11.73. Spread by the European debt crisis and the problem of inflation, coupled with some Central Bank holdings of gold, as well as the political situation in the Middle East does notFactors such as stability, stimulate market demand for gold, Lu Dongshang on gold price trend of optimism this year.
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