Major asset restructuring suspension. Shengda Resources "swallows" the first gold mine alone | Speed 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.
tibet huayu mining H1 net income increased by over 30%, while Taliun Gold's antimony ore grade did not meet expectations? - interpretations
① Thanks to factors such as the rise in prices of nonferrous metal products, tibet huayu mining's net income in H1 increased by more than 30% YoY. ② A customer of tibet huayu mining told reporters that the actual grade of TAR aluminum industry's antimony ore is not as high as expected.
Yunnan Copper's net income in the first half of the year increased slightly, while Southwest Copper's production reduced by more than 0.2 million tons of copper. | Interpretations of the financial report
① Due to the combined impact of rising prices of nonferrous metals such as copper and the relocation of Yunnan Copper, the net income of Yunnan Copper in the first half of the year increased slightly; ② In the first half of the year, the relocation of Yunnan Copper resulted in a loss of over 0.2 million tons of copper for the company.
Silver manganese mining capacity release, inner mongolia xingye silver&tin mining's H1 net income increased by more than 5 times year-on-year|Interpretations
① Benefiting from the strong rise in nonferrous metals prices and the production capacity release of block orders Inner Mongolia Xingye Silver&Tin Mining, the net income in the first half of the year increased more than five times year-on-year; ② Inner Mongolia Xingye Silver&Tin Mining is conducting exploration and reserve enhancement in Silver Man Mining.
The relocation of the largest smelter in the Yunnan Copper industry is expected to affect production of no more than 100,000 tons in the past six months
① Production cuts of “no more than 100,000 tons” were beyond the industry's expectations. ② The old equipment of Southwest Copper will be discontinued in an orderly manner starting December 30, 2023.
Yintai's big move for gold! After the change of ownership, the “doubling of production and reserves” strategic plan was first proposed. How can the goals be achieved by relying only on existing resources?
① Yintai Gold plans to achieve doubling goals in terms of future production and storage targets. ② It is difficult to achieve the goal of “doubling” with existing resources alone, and external mergers and acquisitions may become an important direction for the company in the future; currently, the company is well-funded and has a more mature M&A and operation team, but it may still take some effort to select specific targets.