Zijin Mining hits $100B valuation, Hong Kong shares trade near record premium

[Pure gold from the mine on black background. Closeup of gold nugget. Finance and business concept.]
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* Zijin Mining's (OTCPK:ZIJMF [https://seekingalpha.com/symbol/ZIJMF]) Hong Kong-listed shares are trading at near-record premiums to their mainland counterparts on Friday, as foreign investors rush to the stock amid a blistering rally in the gold market.
* Zijin Mining Group's market capitalization crossed the $100 billion threshold on a Thursday, with its Shanghai-listed shares reaching a record high, pushing its valuation to approximately $103 billion (732 billion yuan).
* This milestone pushed the Chinese mining giant past Brazil’s Vale (VALE [https://seekingalpha.com/symbol/VALE]), making it the world’s third-largest mining company by market value—joining the ranks of industry leaders like BHP (BHP [https://seekingalpha.com/symbol/BHP]) and Rio Tinto (RIO [https://seekingalpha.com/symbol/RIO]).
* The company’s Hong Kong shares have jumped around 116% so far this year, eclipsing the 86% rise in its mainland-listed stock, according to _Bloomberg_-compiled data.

MORE ON ZIJIN MINING GROUP COMPANY LIMITED

* Zijin Gold said to gauge interest next week for $3 billion IPO - report [https://seekingalpha.com/news/4494288-zijin-gold-said-to-gauge-interest-next-week-for-3-billion-ipo---report]
* Zijin Mining warns of critical minerals scramble as shares hit record high in Hong Kong [https://seekingalpha.com/news/4489369-zijin-mining-warns-of-critical-minerals-scramble-as-shares-hit-record-high-in-hong-kong]
* Historical earnings data for Zijin Mining Group Company Limited [https://seekingalpha.com/symbol/ZIJMY/earnings]
* Dividend scorecard for Zijin Mining Group Company Limited [https://seekingalpha.com/symbol/ZIJMY/dividends/scorecard]
* Financial information for Zijin Mining Group Company Limited [https://seekingalpha.com/symbol/ZIJMY/income-statement]