I rate Zijin Mining Group a Buy, considering the planned spin-off of its international gold assets, which should unlock significant hidden value. Zijin Gold International's listing could fetch a rich valuation, and help to correct the mis-pricing of its parent's shares. The company is well-positioned for value-accretive M&A, with its reasonably low leverage and a disciplined investment approach.
(Kitco News) - Zijin Mining, one of the world's fastest-growing mining companies, is accelerating its global expansion with ambitious plans to boost copper, gold, and lithium production over the next five years.