The rise in gold and antimony prices, along with the completion of overseas projects, leads Tibet Huayu Mining to expect a net profit growth of over three times year-on-year in 2024 | Interpretations.
① Tibet Huayu Mining expects a Net income for 2024 to be between 0.275 billion yuan and 0.335 billion yuan, which represents an increase of 0.201 billion yuan to 0.261 billion yuan compared to the same period last year, with a year-on-year increase of 272.19% to 353.39%. ② The overseas subsidiary "Tower Aluminum Industry" of the company, Kangqiao Qijin, has improved its Operation capacity in the antimony project, benefiting from both price and volume increases, resulting in enhanced profitability.
The net profit in 2024 is expected to reach 32 billion yuan, with Zijin Mining Group achieving its best performance since listing. Production expectations for 2025 are anticipated to decline slightly | Interpretations
① Zijin Mining Group's net profit is expected to increase by more than 50% in 2024, achieving the best annual performance since its listing; ② The company's recently announced production plan for 2025 has substantially reduced growth expectations compared to previous forecasts.
Silverman Mining's capacity release Inner Mongolia Xingye Silver&Tin Mining achieves its best annual performance in 2024 | Interpretations
① Benefiting from the rise in Nonferrous Metals prices and the release of Block Orders capacity from Yinchun Silver Mining; ② The net profit of Yinchun Silver & Tin is expected to increase by 40% to 70% in 2024, achieving the best annual performance since its listing.
The planned total investment amount is 5.5 billion yuan. Jchx Mining Management Longxi Copper Mine announces a plan to double production | Quick read announcement.
① The Longxi Copper Mine, acquired by Jchx Mining Management four years ago, may see a doubling in production; ② An investment of 5.5 billion yuan is made to develop the East Mining Area; ③ After reaching full capacity in the East Mining Area, the total output of the mine is expected to reach 0.1 million tons per year.
Is the restructuring the peak? Guangzhou Grandbuy's performance continues to decline as Bank of China Investment continuously makes "precise" Shareholding reductions | Quick read announcement.
① In the past 11 trading days, Guangzhou Grandbuy has hit the limit up six times, while China Merchants Investment has continuously and "precisely" reduced its shareholding by nearly 3% since January 3. ② After achieving peak performance through asset restructuring in 2021, Guangzhou Grandbuy has shown poor performance in recent years, and the major shareholders' successive reductions may have other considerations.
Leading mining company is making acquisitions! Zangge Mining is planning a change in control, and Zijin Mining Group intends to take the lead | Summary of the announcement.
Zangge Mining announced a significant notice, planning to transfer 24.72% of its shares, directly indicating a change of control, with the buyer being the mining giant Zijin Mining Group. It is worth noting that in recent years, Zangge Mining and Zijin Mining Group have made considerable moves in the expansion of lithium resources. The change of ownership of Zangge Mining to Zijin Mining Group is just one of several acquisition cases by the latter; looking at 2024 alone, Zijin Mining Group has already undertaken four large-scale acquisitions.