Revealing the company that produces nearly 1 ton of gold per year, reporting a profit of thousands of billions

According to the audited consolidated financial statements for fiscal year 2024, TKV Minerals Corporation (Vimico, stock code: KSV) recorded net revenue of VND 13,277 billion and profit after tax of VND 1,219 billion, up 11% and 545% respectively over the same period last year.

According to Vimico, in 2024, the company produced 73,741 tons of copper ore (25% Cu), 30,079 tons of copper cathode (99.95% Cu), 205,167 tons of iron ore, 9,159 tons of zinc ingots, 845 kg of gold ingots, 2,113 kg of silver ingots...

In 2025, Vimico set a business target of VND12,619 billion in revenue and VND1,000 billion in pre-tax profit compared to last year. Average income per capita is also expected to decrease to VND15.5 million/person/month.

The company plans to produce 60,716 tons of copper ore, 30,000 tons of copper plate, 173,681 tons of iron ore concentrate, 806 kg of gold bars, 2,751 kg of silver...

In the period 2026-2030, Vimico targets total revenue of VND65,815 billion and pre-tax profit of VND3,626 billion. This enterprise plans to produce a total of 4,685 kg of gold in these 5 years, equivalent to more than 930 kg/year.

Production and business targets for the period 2026-2030. Source: Vimico

With current output, Vimico is likely to be the largest gold mining and production company in Vietnam.

• Gold price increased terribly, what is the cause?

Vimico is a member company of the Vietnam National Coal and Mineral Industries Group (Vinacomin). This is the leading enterprise in the country in mining, smelting, processing non-ferrous and rare metals such as gold, copper, zinc, lead, silver...

Vimico is assessed to have great growth potential as it is managing and exploiting Dong Pao - the rare earth mine with the largest reserves in the country with an area of ​​nearly 133 hectares in Lai Chau province.

On the stock market, KSV shares have been on a strong uptrend since early December 2024. From a price of VND 46,000/share, this code has jumped to over VND 300,000/share after only 2 months (6.5 times), becoming one of the most expensive stocks on the floor.

However, this stock has now dropped sharply to 187,200 VND/share, but is still 4 times higher than in early December last year.

Source: https://nld.com.vn/lo-dien-cong-ty-san-xuat-gan-1-tan-vang-moi-nam-bao-lai-ngan-ti-196250331075818464.htm