Corporate AcquisitionPan American Silver Corp's agreement to sell its La Arena mine to Zijin for US$245 million, with a potential additional US$50 million contingent payment, and retaining a 1.5% net smelter return royalty, showcases strategic asset reallocation and potential for long-term revenue through royalties.
Financial PerformanceAnalyst's upward revision of Zijin's FY24F/FY25F earnings forecasts by 20%/12% reflects confidence in the company's growth potential, driven by favorable gold and copper markets and strong operating capabilities.
Production And Cost ManagementZijin's effective cost control measures leading to significant decreases in production costs for gold and copper, combined with management's expectations to maintain or reduce costs in 2024, highlight the company's robust operational efficiency and profit margin expansion.