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Shengda resources (000603.SZ): The company's affiliated mines aim to achieve the certified production capacity over the next two years.
Gelonghui November 14th | Shengda Resources (000603.SZ) stated at an investor relations event that all of the company's subsidiary mines are steadily conducting exploration and storage work, and it is expected that there will be a more significant increase in production at each mine in the next two years. The construction of the well project for the Bayan Obo silver polymetallic mine of Dongsheng Mining Industry with an annual mining capacity of 0.25 million tons is currently underway. After completion and production, it will bring growth to the company's silver and metal production. After the completion of this technical upgrade at Jinshan Mining, production capacity will gradually increase to the production scale approved by the mining license of 0.48 million tons per year. Once the production scale reaches 0.48 million tons per year, the feasibility of further expanding the production scale will be further verified.
Shengda Resources to Fully Acquire Mineral Mining Subsidiary for 614 Million Yuan
Shengda Resources (000603.SZ): It is planning to acquire the remaining 33% equity of Jinshan Mining for 0.614 billion yuan.
Gelonghui November 11th | Shengda Resources (000603.SZ) announced that, in order to optimize the company's asset structure, enhance the company's profitability, address the inter-industry competition with the company's controlling shareholder, the company plans to use cash of 613.8 million yuan to acquire 33% equity of Jinshan Mining held by Shengda Group. After the completion of this equity transfer, the company's equity in Jinshan Mining will increase from 67% to 100%, making Jinshan Mining a wholly-owned subsidiary of the company, and the scope of the consolidated financial statements will not change due to this transaction. The "Equity Transfer Agreement" of this transaction makes clear arrangements for performance commitments: Shengda Group commits
Brokers Are Upgrading Their Views On Shengda Resources Co.,Ltd. (SZSE:000603) With These New Forecasts
Shengda Resources (000603.SZ): No rare earth business
Gelonghui November 6th, shengda resources (000603.SZ) stated on the investor interaction platform that the company does not have rare earth business.
Shengda Resources (000603.SZ): The Honglin Mine Caiyuanzi copper-gold mine has entered the tunnel construction phase and the concentrator construction construction phase.
Shengda Resources (000603.SZ) held a conference call on October 31, 2024, regarding the construction and production progress of Honglin Mining, as well as production volume and cost expectations for the next 2-3 years. The company stated that the Honglin Mining Caiyuanzi Copper Gold Mine has entered the tunnel construction phase and ore processing plant construction construction phase. As of now, the mine construction work has been fully underway, with production testing expected to begin between July and September 2025. The industrial ore body average grade of the Caiyuanzi Copper Gold Mine in Honglin Mining is 2.82 grams per ton of gold metal and 0.48% average grade of copper metal, confirming a production scale of 0.396 million.
Take Care Before Jumping Onto Shengda Resources Co.,Ltd. (SZSE:000603) Even Though It's 31% CheaperNo Data
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