Faced with a gold market slump that’s set to hit four years, many juniors have been forced to take extreme measures. This includes merging with other miners to save on costs...
Investment summary: Chinese buyer – new era Norton Gold Fields (NGF.AX) the Western Australian-based gold miner is set to embark on a new era following the successful cash...
Comex Gold Prices have shown some small upside but Gold Bullion Prices stay close to the weakest levels in four months as the Fiscal Cliff stalemate drove investors to the...
Zijin Mining Group Company Limited, together with its subsidiaries, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally. It primarily produces gold bullion; gold, copper, zinc, lead, tungsten, and iron ore concentrates; and copper cathodes, zinc bullion, sulphuric acid, copperplate, silver, iron, etc., as well as molybdenum, cobalt, tin, coal, lithium, platinum, and palladium. The company is also involved in the trading, investment, financing, asset management, transfer, and bond issuance activities; entrusted management and operation of non-security equity investments and equity investment funds; provision of trade agency, investment management, and consultancy services; wholesale of metals and ores; metallurgical engineering technology research services; import and export of goods or technologies; mining technology development; and import and export agent services. In addition, it engages in the technical services for geological exploration and mining; development of motor transportation; tourism and hotel investment activities; testing and examination activities; gold transaction agency business; and mining pit design and research activities. Further, the company is involved in the production of dust removing and auxiliary equipment, desulphurisation and denitrification construction projects, soil restoration, and other services; and air pollution control, water pollution control, solid waste treatment, refuse-incineration power generation, hazardous waste disposal, and other businesses, as well as invests in securities. The company was formerly known as Fujian Zijin Mining Industry Company Limited and changed its name to Zijin Mining Group Company Limited in June 2004. Zijin Mining Group Company Limited was founded in 1986 and is headquartered in Longyan, the People’s Republic of China.
|Average||14.01 (+32.42% Upside)|
|No. of Analysts||15|
|Moving Averages||Strong Sell||Strong Sell||Sell||Strong Sell||Buy|
|Technical Indicators||Strong Sell||Sell||Strong Sell||Strong Sell||Buy|
|Summary||Strong Sell||Strong Sell||Strong Sell||Strong Sell||Buy|