How much gold has zijin mining group's guoge mine really been "plundered"? The issue of illegal mining may be difficult to resolve in the short term.
1. Over 3 tons of gold were robbed overseas, the 'suspicions' have not been completely clarified; 2. The illegal mining problem in the La Llanada gold mine in Colombia may be difficult to solve in the short term; 3. Nearly half of zijin mining group's assets are overseas, with a majority located in underdeveloped regions with weak political and economic stability.
Zijin Mining Group plans to invest over ten billion yuan to develop another overseas mine, with an expected annual production of 0.1 million tons of copper and 3.8 tons of gold. | Speed reading announcement
①Zijin Mining Group once again took a major overseas copper-gold mine with an investment of over 10 billion yuan; ②It is expected to produce 0.1 million tons of copper and 3.8 tons of gold per year.
Jin Hui's net income in the first three quarters increased by more than 40%. Some IPO fundraising projects will be delayed for one year. | Interpretations
① Thanks to factors such as the rise in lead and zinc prices, Jin Hui's net income for the first three quarters increased by more than thirty percent; ② After reducing the fundraising for the IPO investment project by nearly half, the company will delay reaching the designated usable status by one year.
Zijin Mining Group: It is expected that the second phase of the Julong Copper Mine will start trial production in the first quarter of 2026, with annual copper production expected to exceed 0.3 million tons | Directly impacting the earnings conference
1. Longfeng Copper Mine Phase II Expansion Project is expected to achieve trial production in the first quarter of 2026; 2. After the completion of the expansion of Phase II, the annual copper production will exceed 0.3 million tons; 3. The company stated that the downward trend in lithium prices will continue in the short term.
Major asset restructuring suspension shengda resources 'swallows' the first gold mine | Quick reading announcement
shengda resources plans to acquire the remaining nearly half of the equity of its first gold mine project; Currently, the project is accelerating construction.
Zhuzhou Smelter Group: High proportion of external purchase materials suppresses gross margin of gold business, Kangjiawan Mine technical renovation project underway | Earnings conference coverage
①Due to the increased proportion of purchased gold-containing raw materials, the gross margin of the gold business has decreased. ②The trial production of the Shuikoushan Kangjiawan Mine technical transformation project of the company is progressing smoothly, and the production capacity will increase to 0.7 million tons per year.