Update: Pan American Silver Up 6.6% as It Sells La Arena Gold Mine and La Arena II Project for US$245 Million
Hong Kong stock announcement | Guangzhou Automobile Group: plans to transfer 18.82% equity of Jiuwan Technology Research to Guangzhou Industrial Conglomerates.
Guangzhou Automobile Group (02238) and its wholly-owned subsidiary Guangzhou Capital plan to transfer 18.82% equity of Juwan Research to Guangzhou Industrial Conglomerates; zijin mining group (02899): The La Arena gold mine and Phase II project in Peru have completed the transfer.
Yuexiu Property's cumulative sales exceeded 100 billion in the first 11 months. Zijin Mining Group's Peru gold mine project has completed the handover. | Selected announcements from Hong Kong stocks on December 3.
① Yuexiu property's cumulative sales exceeded 100 billion in the first 11 months, what is the growth rate? ② Zijin mining group has completed the delivery of its gold mining project in Peru, what are the highlights?
Gold Price Falls Significantly in November – Commerzbank
Zijin Mining Group Acquires Gold Mine, Copper-Gold Project in Peru for $245 Million
Pan American Silver Completes $245 Million Sale of La Arena to Zijin Mining Group Unit
Pan American Silver Completes Sale of La Arena to Zijin Mining Subsidiary
Zijin Mining Group (02899.HK): Completion of delivery of La Arena Gold Mine and Phase II Project in Peru
On December 3, the company announced that zijin mining group (02899.HK) has acquired 100% equity interests in the La Arena gold mine and Phase II project (hereinafter referred to as the "La Arena project") in Peru through its wholly-owned overseas subsidiary, Jinteng (Singapore) Mining Co., Ltd. (hereinafter referred to as "Jinteng Mining"). Since all the closing conditions stipulated in the equity acquisition agreement have been met or waived, this acquisition was completed at Beijing time on December 3, 2024. The company has now completed the acquisition through Jinteng Mining.
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Zijin Mining Group announced that 0.7425 million shares of restricted A shares will be listed for trading on December 9th.
Zijin Mining Group (02899) announced that part of the second release of the restricted stock incentive plan for A shares in 2020 has been listed for trading after the end of the second restriction period. The total number of A-shares issued this time is 0.7425 million shares. The listing date for this stock is December 9, 2024.
Bank of America's outlook for the bulk market in 2025: Tariffs cast a shadow over the global market, crude oil enters an oversupply cycle, with gold shining alone, soaring straight to $3,000.
Bank of America Merrill Lynch expects that due to a significant increase in production from non-OPEC countries, coupled with the possibility of OPEC+ releasing more supply, the crude oil market may enter a surplus cycle, with the average annual price of Brent crude oil expected to be $65 per barrel. Basic metals are experiencing price fluctuations amid differentiated supply and demand. Driven by macroeconomic uncertainty and risk aversion sentiment, gold remains one of the most attractive precious metals in 2025.
Zijin Mining Group (02899): 0.7425 million A-shares of restricted stocks will be listed and traded on December 9.
Zijin Mining Group (02899) issued an announcement regarding the 2020 A-share restricted stock incentive plan to reserve for the partial grant portion.
Research reports on digging for gold | Tianfeng: Zijin Mining Group is expected to welcome the Davis double hit, initiating a "buy" rating.
According to a tianfeng research report, resource is king. With over 30 years of experience in the mining industry, zijin mining group (601899.SH) has built a world-class portfolio of diversified mining assets including copper, gold, lithium, and molybdenum. Looking ahead, it is believed that due to insufficient capital expenditure in the earlier stages and resource depletion, the supply side of copper concentrate has become rigidly constrained. Coupled with the onset of a new round of interest rate cuts, the medium to long-term copper price center is expected to steadily rise. At the same time, the logic of secondary inflation during Trump's new term may continue to play out over the next four years, with both new and old paradigms supporting a bull market in gold prices. As copper and gold enter an upward cycle, it may effectively support the company's profitability and stock price, combined with clear development goals.
Gold: Cautious Recovery After Fall
China Huafu Securities: In October, copper ore imports fell compared to the previous month, and the processing fees remained stable at a low level.
As the usa Federal Reserve deepens interest rate cuts to boost investment and consumer spending, while also opening up domestic mmf policy space, the rebound of inflation brought about by loose monetary and fiscal policies after the usa election will support an upward shift in copper prices.
The golden industrial concept weakened as lingbao gold (03330) fell by 4.59%. Institutions indicate that gold prices may temporarily drop to $2400.
Golden News | Golden industrial concept weakens. As of the time of writing, lingbao gold (03330) fell by 4.59%, sd gold (01787) fell by 2.91%, zhaojin mining (01818) fell by 2.8%, zijin mining group (02899) fell by 2.64%, chinagoldintl (02099) fell by 1.79%. According to industry insiders, the market's expectations for a interest rate cut by the Federal Reserve in December have cooled, the geopolitical risks in the Middle East are weakening, and the recent rebound of the usd has all posed a bearish influence on international gold prices. Gold prices are facing adjustment pressure in the short term, but the medium to long-term trend remains bullish. China securities co.,ltd. research reports.
Eastern European central banks are aggressively purchasing gold, becoming the largest buyers globally. Will gold prices rise to 3000 dollars?
Central banks in Eastern European countries are accelerating their gold purchases to diversify investments and cope with external shocks, with the Czech Republic, Poland, Serbia and other countries becoming the largest buyers of gold together.
Hong Kong stock market anomaly | The golden industrial concept collectively fell, recent high gold price callback. Institutions suggest considering increasing allocation again around $2400.
The golden industrial concept stocks collectively fell. As of the time of publication, Lingbao Gold (03330) dropped by 4.26%, to 2.92 Hong Kong dollars; SD Gold (01787) fell by 3.2%, to 13.3 Hong Kong dollars; Zijin Mining Group (02899) fell by 2.51%, to 14.78 Hong Kong dollars.
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