Core Viewpoint - The Hong Kong gold and precious metals sector experienced significant activity, with multiple companies seeing substantial stock price increases on November 6. Group 1: Company Performance - Zijin Mining International (02259.HK) rose over 8% [1] - Tongguan Gold (00340.HK) increased by more than 7% [1] - Lingbao Gold (03330.HK) saw a rise of 6.9% [1] - Long Resources (01712.HK) and Jihai Resources (02489.HK) both gained over 5% [1]

| 截至月份: | 2025年10月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 龍資源有限公司 | | | 呈交日期: | 2025年11月3日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01712 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 189,715,935 | | 0 | | 189,715,935 | | 增加 / 減少 (-) | | | 0 | | 0 ...

Core Viewpoint - The Hong Kong stock market saw a significant decline in gold and precious metal stocks following a sharp sell-off in the precious metals market, with gold experiencing its largest single-day drop in 12 years [1] Group 1: Market Performance - Gold and precious metal stocks opened lower across the board, with notable declines including Dragon Resources down 9%, Datang Gold down nearly 9%, and Zijin Gold International down over 6% [1] - The sell-off was triggered by a nearly $280 drop in spot gold prices, marking the largest single-day decline in 12 years, while spot silver fell over 8%, dropping below $48, the largest decline since February 2021 [1] Group 2: Contributing Factors - Multiple factors contributed to the decline in precious metals, including positive developments in international trade negotiations, a strengthening US dollar, technical overbought conditions, uncertainty due to the US federal government shutdown, and the end of seasonal buying in India [1]

Core Viewpoint - Long Resources (01712.HK) announced the resignation of company secretary and authorized representative, Lu Haiyang, with Peter Anthony Curry appointed as the joint company secretary and authorized representative effective from October 15, 2025 [1] Group 1 - Lu Haiyang has submitted his resignation from the position of company secretary and authorized representative [1] - Peter Anthony Curry has been appointed to replace Lu Haiyang as the joint company secretary and authorized representative [1] - The effective date for Peter Anthony Curry's appointment is set for October 15, 2025 [1]

Core Points - Long Resources (01712) announced the resignation of Lu Haiyang as the company secretary and authorized representative under the Hong Kong Stock Exchange Listing Rules Section 3.05, effective from October 15, 2025 [1] - Peter Anthony Curry has been appointed as the joint company secretary and authorized representative, effective from October 15, 2025, succeeding Mr. Lu [1]

智通财经APP讯，龙资源(01712)发布公告，陆海洋已提呈辞任公司秘书及香港联合交易所有限公司证券 上市规则第3.05条项下公司授权代表，自2025年10月15日起生效。 Peter Anthony Curry已获委任为公司联席公司秘书及授权代表(接替陆先生)，自2025年10月15日起生 效。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因依賴該 等內容而引致的任何損失承擔任何責任。 DRAGON MINING LIMITED 龍資源有限公司 * （於西澳洲註冊成立的有限公司，澳洲公司註冊號碼 ） 009 450 051 （股份代號：1712） 公司秘書及授權代表之變更 Curry先生擁有超過50年營商經驗。畢業後，彼於1974年加入澳洲Peat Marwick Mitchell（現稱畢馬威會計師事務所）及於1983年成為稅務合夥人。其後，彼曾於澳 洲多家上市及非上市公司出任執行董事╱董事總經理，專注於天然資源、企業融 資、收購及合併等範疇。彼曾參與一系列之公開及私人資本籌募、首次公開招股相 關之服務及就各類商業交易包括各種礦業項目提供企業及財務顧問服務。 以及 豁免嚴格遵守上市規則第3.28及8.17條之規定 公司秘書及授權代表辭任 龍資源有限公司*（「本公司」）董事（「董事」）會（「董事會」）僅此宣佈，陸海洋先生 （「陸先生」）已提呈辭任本公司之公司秘書（「公司秘書」）及香港聯合 ...

Core Viewpoint - The precious metals sector, particularly gold and silver, has seen significant price increases, with gold prices rising 47% this year, potentially marking the largest annual increase since 1979. Silver has outperformed gold, with a price increase of over 62% [2][3]. Group 1: Market Performance - On October 2, the first trading day after the National Day holiday in Hong Kong, gold and silver stocks surged, with several stocks, including China Silver Group, rising over 10%, and China Silver Group specifically increasing by 30% to reach a nearly four-year high [1]. - Year-to-date performance shows that China Silver Group has increased by 192.37%, while Tongguan Gold has surged by 552.72% [2]. Group 2: Price Trends and Predictions - Goldman Sachs has raised its price forecasts for gold, predicting prices could reach $4,000 per ounce by mid-2026 and $4,300 by the end of 2026, indicating further upward potential for gold prices [3]. - The gold-silver ratio, which measures the price relationship between gold and silver, currently stands at approximately 80:1, suggesting that silver may still have room for price increases [8][24]. Group 3: Supply and Demand Dynamics - The global silver market has experienced a supply-demand gap for five consecutive years, with an estimated shortfall of about 4,000 tons in 2025 [18]. - Industrial demand for silver is projected to continue growing, with its share of total demand expected to reach 58% by 2024 [20]. Group 4: Economic Context - The differing economic roles of gold and silver lead to divergent price movements under various economic conditions. Gold primarily serves as a safe-haven asset, while silver has both safe-haven and industrial attributes, which can drive its price higher during economic recoveries [13][14]. - Historical trends indicate that when the gold-silver ratio exceeds 80:1, silver is often undervalued relative to gold, presenting potential investment opportunities [22].

Core Viewpoint - Hong Kong-listed Long Resources (01712.HK) opened over 13% higher on October 9, reaching a price of 9.49 HKD with a trading volume of 1.3096 million HKD [2] Group 1 - Long Resources experienced a significant price increase of 13.25% [2] - The stock's opening price was notably high, indicating strong market interest [2] - The trading volume at the time of reporting was 1.3096 million HKD, reflecting active trading [2]

Core Viewpoint - Long Resources (01712) experienced a significant stock price increase of over 13%, reaching HKD 9.49, following the announcement of positive results from diamond core drilling activities at the Jokisivu gold mine in southern Finland [1] Group 1: Company Developments - Long Resources announced the results of diamond core drilling activities at the Jokisivu gold mine, which included 19 underground diamond core drilling activities in the Arpola flying squirrel area and 7 surface diamond core drilling activities aimed at assessing the southeastern extension of the Jokisivu main structure [1] - The drilling activities have identified several high-quality samples, providing valuable information regarding the nature and characteristics of gold mineralization in the southeastern part of the Jokisivu deposit [1] - As of June 30, 2025, underground development at Jokisivu has reached a depth of 645 meters, with approximately 3.5 million tons of ore extracted at a grade of 2.5 grams per ton of gold through both open-pit and underground operations [1] Group 2: Future Plans - The diamond core drilling operations at Jokisivu are ongoing, with a current plan to advance 15 drill holes targeting the Basin Zones area at depths of 175 to 190 meters, expected to be completed in the coming weeks with results anticipated in early December [2] - Following the completion of the Basin Zones drilling, the drilling rig will move to the Arpola area to conduct a drilling program targeting 19 drill holes at depths of 340 to 380 meters in the Arpola main mining area [2]