AsianFin -- Zijin Gold International, the offshore arm of China’s largest gold miner, has claimed the title of the world’s fastest-growing gold producer as it prepares for an initial public offering (IPO) in Hong Kong, set to launch by Friday. The IPO is expected to be the second-largest listing in the city this year.

According to its IPO prospectus, the company’s average annual gold output increased by 21.4 percent between 2022 and 2024, ranking it as the world’s 11th-largest gold producer in 2024. Last year, the Hong Kong-based unit produced 1.5 million ounces of gold and reported reserves totaling 26.1 million ounces, based on data from market researcher Frost & Sullivan.

The IPO marks a significant step for Zijin Gold International as it seeks to capitalize on strong growth momentum and expand its presence in global markets.