Reports & Results
As a result of the survey of operational and financial activities of ZCMC CJSC, the credit rating of the Company in foreign currency has risen from B3 to B2, from "developing" to "stable".
In June 2026, the Company's B2 rating was reaffirmed with a stable outlook.
Documents
FINANCIAL STATEMENTS
Annual, semi-annual consolidated financial statements, independent audit reports and accompanying comments.
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
ANNUAL REPORTS ON SUSTAINABLE DEVELOPMENT: KEY INDICATORS
Sustainable Results
Largest Molybdenum Producers in the World
Molybdenum concentrate
Ferromolybdenum
Copper concentrate
Impact on the national and regional economy in 2023
Contribution to GDP
The activities of ZCMC CJSC significantly impact the gross domestic product of Armenia. The company is the largest supplier of foreign currency due to its contribution to exports, strengthening the economic stability of the country.
Tax Revenue
Being the largest taxpayer and a large enterprise, the Company provides stable income to the state through tax revenue and through creation of direct and indirect economic value.
Earnings
Payments to the state
Job Creation
ZCMC JSC is a major employer in the region, providing jobs and thus maintaining a stable socio-economic environment.
Supporting Local Businesses
By collaborating with local suppliers and support services, the company increases the income of small and medium-sized enterprises in the surrounding area.
Salaries and benefits
Indirect economic impact on employment
Socio-economic Planning Aimed at Community Development
Since 2021, socio-economic planning has been shifting towards a more localized approach, ensuring that immediate communities benefit more directly from ZCMC activities.
Extended Employee Training Programs
A new approach to personnel training maintains high qualification which contributes to both individual growth and increased performance of the entire Company. A training center has been founded that is responsible for the professional development of ZCMC employees.