Group 1 - Gold and silver prices are declining, leading to a collective weakness in Hong Kong gold stocks, with China Silver Group down nearly 3% and Shandong Gold and Zhaojin Mining down over 2% [1] - Recent trading data shows that spot silver has dropped by 1% to $64.77 per ounce, while spot gold has touched $4310 per ounce, reflecting a daily decline of 0.53% [1] - A report from JPMorgan indicates that the Bloomberg Commodity Index (BCOM) will undergo annual weight rebalancing in January 2026, with silver expected to face the heaviest selling pressure, estimated at 9% of its total open contracts in the futures market [1] Group 2 - The report highlights that the selling pressure for silver this year is "more pronounced" than last year, which warrants high caution from investors [1] - For gold, the anticipated selling scale is about 3% of its total open contracts in the futures market, which, despite being lower than silver, represents a significant absolute selling amount due to gold's large market size [1]

Core Viewpoint - The Hong Kong gold stocks have generally risen, indicating a positive trend in the market for these companies [1] Company Performance - Lingbao Gold (03330.HK) increased by 6.34%, reaching HKD 17.95 [1] - China Silver International (00815.HK) rose by 5.97%, trading at HKD 0.71 [1] - Zhumeng Gold (01815.HK) saw a 5.04% increase, priced at HKD 2.5 [1] - Tongguan Gold (00340.HK) gained 4.94%, with a price of HKD 2.76 [1] - Zijin Gold International (02259.HK) experienced a 2.78% rise, now at HKD 140.7 [1]

Group 1 - Gold stocks generally rose, with Lingbao Gold up 6.34% at HKD 17.95, China Silver International up 5.97% at HKD 0.71, and others showing similar gains [1] - Precious metals strengthened ahead of the Federal Reserve's decision, with spot silver surpassing USD 61 per ounce, marking a historical high and a year-to-date increase of over 100%; spot gold also rose above USD 4,210 per ounce [1] - The market anticipates a potential 25 basis point rate cut by the Federal Reserve due to weak recent employment data [1] Group 2 - State Street Global Advisors predicts that gold prices will see their best annual performance since 1979 in 2025, with a potential stabilization in 2026, projecting prices to fluctuate between USD 4,000 and USD 4,500 per ounce [1] - Structural bull market factors supporting gold include the Federal Reserve's loose monetary policy, strong demand from central banks and retail investors, inflows into ETFs, rising correlations between stocks and bonds, and global debt issues [1]

（於開曼群島註冊成立的有限公司） 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倚賴該等內容而引致的任何損失承擔任何責 任。 本公告僅供參考，並不構成收購、購買或認購珠峰黃金集團有限公司任何證 券的邀請或要約。 Mount Everest Gold Group Company Limited 珠峰黃金集團有限公司 未來兩年之預期 未來兩年之預期 | 礦山 | 總資金需求 | （人民幣） | 資金需求貢獻方 | 貢獻需求 | （人民幣） | | --- | --- | --- | --- | --- | --- | | 山南礦 | 約400百萬－600百萬 | | 珠峰黃金 | 約200–300百萬(1) | | | 日喀則礦 | 約950百萬－1,150百萬 | | 中國白銀 | 約200–250百萬(2) | | | | | | 珠峰黃金 | 約300–400百萬(1) | | （股份代號：1815） 有關 根據一般授權認購新股份之 補充公告 茲提述中國白銀集團有限公司（「中國白銀」）及珠 ...

Group 1 - The core viewpoint of the article highlights the upward trend in Hong Kong gold stocks, with several companies experiencing significant gains in their stock prices [1][2]. Group 2 - Zijin Mining saw an increase of nearly 4%, reaching a price of 34.040 HKD [2]. - Zhenfeng Gold rose over 3%, with its stock price at 2.560 HKD [2]. - China Gold International experienced a gain of 2.53%, with its stock price at 169.700 HKD [2]. - Lingbao Gold increased by 2.81%, reaching a price of 16.990 HKD [2].

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 截至月份: 2025年11月30日 狀態: 新提交 公司名稱: 珠峰黃金集團有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 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) | 01815 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | USD | | 0.0001 USD | | 300,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 3,000,000,000 | USD | | 0.0001 USD | | 300,000 | 本月底法定/註冊股本總額： USD 30 ...

Core Viewpoint - Zhufeng Gold (01815) has seen a significant increase in stock price, rising over 30% in the last four trading days, with a current price of 2.59 HKD and a trading volume of 32.42 million HKD [1] Group 1: Stock Performance - The stock price of Zhufeng Gold increased by over 10% recently, with a cumulative rise of over 30% in the past four trading days [1] - As of the latest update, the stock is trading at 2.59 HKD, with a trading volume of 32.42 million HKD [1] Group 2: Fundraising Announcement - Zhufeng Gold announced plans to issue a total of 248 million subscription shares at a subscription price of 1.61 HKD per share, representing a discount of approximately 19.50% compared to the previous trading day's closing price [1] - The net proceeds from this fundraising are expected to be approximately 397.975 million HKD, primarily allocated for exploration and assessment expenditures at the Shannan and Shigatse mines in Tibet [1] - The remaining 20% of the funds will be used for working capital, aimed at enhancing the company's self-sufficiency in raw materials to meet the resource development demands amid rising gold prices [1]

Core Viewpoint - Zhu Feng Gold (01815) has seen a significant increase in stock price, rising over 30% in the last four trading days, with a current price of 2.59 HKD and a trading volume of 32.42 million HKD [1] Group 1: Stock Performance - Zhu Feng Gold's stock price increased by over 10% recently, with a current rise of 7.92% [1] - The cumulative increase over the last four trading days is more than 30% [1] Group 2: Fundraising Announcement - The company announced plans to issue a total of 248 million subscription shares at a price of 1.61 HKD per share, representing a discount of approximately 19.50% compared to the previous trading day's closing price [1] - The net proceeds from this fundraising are expected to be around 397.975 million HKD [1] Group 3: Use of Proceeds - The funds raised will primarily be used for exploration and assessment expenditures at the Xizang Shannan Mine and the Rikaze Mine [1] - An additional 20% of the funds will be allocated for working capital to enhance raw material self-sufficiency in response to the rising demand for resource development amid increasing gold prices [1]

Core Insights - The Hong Kong stock market's gold and precious metals sector experienced significant gains, with China Silver Group rising over 11% and other companies like Lingbao Gold and Zijin Mining also seeing substantial increases [1][2] - The rise in gold and silver prices is attributed to potential interest rate cuts by the Federal Reserve, with spot gold surpassing $4,250 per ounce and spot silver breaking $57, marking a nearly doubled increase year-to-date [1] Company Performance - China Silver Group: Increased by 11.27%, latest price at $0.790, market cap at 2.334 billion, year-to-date increase of 234.75% [2] - Lingbao Gold: Increased by 6.96%, latest price at $17.520, market cap at 22.548 billion, year-to-date increase of 562.85% [2] - Zijin Mining: Increased by 6.51%, latest price at $32.700, market cap at 869.086 billion, year-to-date increase of 140.52% [2] - Zhaojin Mining: Increased by 6.33%, latest price at $30.900, market cap at 109.46 billion, year-to-date increase of 183.34% [2] - Long Resources: Increased by 4.75%, latest price at $7.060, market cap at 1.339 billion, year-to-date increase of 358.44% [2] - Shandong Gold: Increased by 4.51%, latest price at $36.140, market cap at 166.603 billion, year-to-date increase of 196.06% [2] - Other notable performers include Zijin Gold International, Chifeng Jilong Gold Mining, and Qomolangma Gold, all showing positive year-to-date performance [2]

Group 1 - The Hong Kong stock market's gold and precious metals sector has strengthened, with China Silver Group surging over 11% and other companies like Lingbao Gold, Zijin Mining, and Zhaojin Mining rising over 6% [1] - The increase in gold and silver prices is attributed to the potential interest rate cuts by the Federal Reserve, with spot gold breaking through $4,250 per ounce and spot silver surpassing $57, marking a historical high and nearly doubling in price year-to-date [1] - Analysts suggest that the speculation around the White House National Economic Council Director Hassett as a potential successor to Powell has contributed to increased buying in precious metals [1] Group 2 - China Silver Group (00815) saw a price increase of 11.27%, with a market capitalization of 2.334 billion and a year-to-date increase of 234.75% [2] - Lingbao Gold (03330) rose by 6.96%, with a latest price of 17.520 and a market cap of 22.548 billion, reflecting a year-to-date increase of 562.85% [2] - Zijin Mining (02899) increased by 6.51%, with a current price of 32.700 and a market cap of 86.9086 billion, showing a year-to-date rise of 140.52% [2] - Zhaojin Mining (01818) experienced a 6.33% increase, with a latest price of 30.900 and a market cap of 109.46 billion, marking a year-to-date increase of 183.34% [2] - Other notable performers include Long Resources (01712) up 4.75%, Shandong Gold (01787) up 4.51%, and Zijin Gold International (02259) up 3.88% [2]