(Yicai) Jan. 30 -- The six listed Chinese gold mining firms that have already released their earnings forecast for last year expect their cumulative net profits to have exceeded CNY60.2 billion (USD8.7 billion) amid surging gold prices.

Total net profit of the six listed Chinese gold mining firms likely surged at least 84 percent to between CNY60.2 billion and CNY62.5 billion in 2025 from the previous year, according to their predictions.

The companies attributed the jump in net profit to the increase in gold selling prices and sales volume, the growth in the gross profit margin of mined gold due to the implementation of measures such as capacity expansions, and resource integration to further consolidate the profit foundation.

The average gold price was USD3,431 per ounce last year, up 44 percent from 2024, according to a report released by the World Gold Council yesterday. "2025 saw surging demand for gold and rocketing prices," said Louise Street, senior market analyst at the council. "Consumers and investors alike bought and held gold in an environment where economic and geopolitical risks have become the new normal."

Zijin Mining, the Chinese gold mining company with the largest gold reserves, expects its net profit to have widened 59 percent to 62 percent to between CNY51 billion and CNY52 billion last year from 2024. 

Zhongjin Gold forecast its net profit to have climbed 42 percent to 59 percent to CNY4.8 billion to CNY5.4 billion (USD690.8 million to USD777.1 million), and Chifeng Jilong Gold Mining predicted its net profit to have surged 70 percent to 81 percent to CNY3 billion to CNY3.2 billion in the period.

Hunan Gold said its net profit likely expanded 50 percent to 90 percent to between CNY1.3 billion and CNY1.6 billion. Xiaocheng Technology expected its net profit to have jumped 93 percent to 179 percent to CNY90 million to CNY130 million (USD13 million to USD18.7 million).

Meanwhile, Zhaojin Group forecast a net profit of CNY122 million to CNY182 million last year, compared with a net loss of CNY127 million in 2024.

Editor: Futura Costaglione