Zijin Mining Portfolio level Gold Assets NAV Model

The Zijin Mining Gold NAV Model is a formula-driven Excel workbook designed to estimate the net asset value of Zijin Mining’s gold operations.

The model forecasts gold production, revenue, operating costs, taxes, capital expenditure and free cash flow through 2045. It incorporates Zijin’s published production guidance and reserve information while allowing users to change key valuation assumptions, including the gold price, AISC, discount rate, tax rate, reserve recovery, growth capital expenditure and resource-conversion value.

What’s included

1. Gold portfolio DCF

A reserve-constrained discounted cash-flow model covering:

• 2026–2045 production forecast;
• near-term and long-term gold-price assumptions;
• gold revenue;
• all-in sustaining costs;
• corporate and other operating costs;
• growth capital expenditure;
• cash taxes;
• after-tax free cash flow;
• mid-year discounting;
• reserve depletion; and
• present value of forecast cash flows.