---
title: "Zijin Gold International reallocates the net proceeds from the global offering of shares for mining exploration activities"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282009641.md"
description: "Zijin Gold International announced the reallocation of the net proceeds of HKD 28.3 billion (approximately USD 3.637 billion) from the global offering. The board of directors decided to allocate approximately USD 214 million for the acquisition of the Raygorodok gold mine in Kazakhstan, with the remaining funds to be used for exploration activities across all of the group's mines. The acquisition is expected to be completed on October 10, 2025, and the board believes that this change is in the overall interest of the company and its shareholders and will not have a significant adverse impact on existing operations"
datetime: "2026-04-08T08:59:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282009641.md)
  - [en](https://longbridge.com/en/news/282009641.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282009641.md)
---

# Zijin Gold International reallocates the net proceeds from the global offering of shares for mining exploration activities

Zijin Gold International (02259.HK) announced that the net proceeds from the global offering amount to approximately HKD 28.3 billion, equivalent to about USD 3.637 billion. The board of directors today (the 8th) passed a resolution to reallocate the use of the unutilized net proceeds, with approximately USD 214 million of the remaining net proceeds from the acquisition of the Raygorodok gold mine in Kazakhstan being reallocated for exploration activities at all mines operated by the group.

The acquisition was completed on October 10, 2025, and the group has fully paid the cost of the acquisition.

The board believes that changing the use of the proceeds is in the overall interest of the company and its shareholders and will not have any significant adverse impact on the group's existing business and operations

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