Zijin Mining Responds to Acquisition of Chifeng Gold: Logic for Further Gold Price Increases Remains Unchanged

“From a short-term perspective, gold prices will experience significant fluctuations, but from a medium- to long-term perspective, issues such as global governance order and excessive issuance of fiat currency have not been fundamentally resolved. Therefore, the logic that gold will maintain high prices or even further rise remains unchanged. This is also an important consideration in our investment and acquisition decisions.” On the morning of March 23, Zijin Mining Vice Chairman and President Lin Hongfu stated at the company’s earnings briefing regarding the company’s acquisition of Chifeng Gold. Lin Hongfu also emphasized that Zijin will not become a purely investment platform; the core assets will definitely remain in Zijin’s hands, “Please rest assured, investors.” (The Beijing News)