Bama Mining (BAMA)

BAMA Under the Lens: Bama Mining's Net Profit Roughly Quadrupled in a Year, But Why the Quality of That Jump Matters More Than the Number (Tuesday, July 14, 2026)

A reader asked what we think of BAMA. Net profit at Bama Mining & Industrial rose from roughly 422 to about 1,597 billion tomans, nearly a fourfold jump in a year. But much of it came from FX-translation gains and higher global zinc prices, not more output, output volume actually fell around 6 percent. A neutral look at a profitable but cyclical, dollar-linked miner (as of Tuesday, July 14, 2026). Educational, not buy or sell advice.