Core Viewpoint - Gold stocks continue to rebound, supported by expectations of potential interest rate cuts by the Federal Reserve, which may provide significant support for gold and silver prices in the short term [1] Group 1: Company Performance - Chifeng Jilong Gold Mining (赤峰黄金) increased by 5.29%, reaching HKD 29.48 [1] - Zhaojin Mining Industry (招金矿业) rose by 3.89%, reaching HKD 29.88 [1] - Zijin Mining (紫金矿业) saw a 3.03% increase, reaching HKD 31.3 [1] - Shandong Gold Mining (山东黄金) grew by 1.6%, reaching HKD 34.28 [1] Group 2: Market Sentiment - San Francisco Fed President Mary Daly expressed support for a potential interest rate cut by the Federal Reserve in the upcoming meeting [1] - Market expectations for a 25 basis point rate cut in December have been rekindled due to dovish signals from several key Fed officials [1] - The precious metals market is anticipated to maintain a volatile pattern as a result of these developments [1] Group 3: Economic Data - U.S. non-farm payroll data for September showed mixed results, with an increase of 119,000 jobs, surpassing the expected 51,000 [1] - However, revisions for the previous two months indicated a downward adjustment of 33,000 jobs [1] - The unemployment rate and the number of permanent job losses have increased, indicating ongoing pressure in the U.S. labor market [1]

Group 1 - Gold stocks continue to rebound, with notable increases in share prices: Chifeng Jilong Gold Mining (06693) up 5.29% to HKD 29.48, Zhaojin Mining (01818) up 3.89% to HKD 29.88, Zijin Mining (02899) up 3.03% to HKD 31.3, and Shandong Gold Mining (01787) up 1.6% to HKD 34.28 [1][1][1] Group 2 - San Francisco Fed President Mary Daly supports a potential interest rate cut by the Federal Reserve in the upcoming meeting, which has led to renewed market expectations for a 25 basis point cut in December, providing important support for gold and silver prices [1][1][1] - Citic Securities reports mixed signals from the U.S. non-farm payroll data for September, with an increase of 119,000 jobs, exceeding expectations of 51,000, but with downward revisions of 33,000 jobs for August and July combined, indicating uncertainty regarding a rate cut in December [1][1][1] - The unemployment rate and permanent unemployment figures have risen, suggesting ongoing pressure in the U.S. job market, with potential for further rate cuts by the Federal Reserve next year [1][1][1]

Group 1 - The core viewpoint of the news highlights a strong performance in the gold sector, with the CSI Gold Industry Index rising by 1.91% and significant gains in individual stocks such as Zhaojin Mining and Zhongjin Gold [1] - The gold stock ETF (517520) has seen a substantial increase, rising over 2% and achieving a cumulative increase of 22.48% over the past three months, indicating strong investor interest [1] - The gold stock ETF has reached a new high in shares, totaling 7.29 billion, and has experienced a net inflow of over 940 million in the past nine days, reflecting robust demand [1] Group 2 - Federal Reserve officials have indicated a potential interest rate cut in December, with an 82.7% probability of a 25 basis point reduction, which could influence gold prices positively [3] - Central banks have been significant buyers of gold, contributing to demand, although some may reduce their holdings due to high gold prices exceeding target allocations [3] - The long-term outlook for gold remains positive due to declining dollar credit, persistent demand for safe-haven assets, and the normalization of central bank gold purchases [4] Group 3 - The gold stock ETF (517520) is described as a "magnifier" of gold prices, offering higher elasticity during price increases, making it an attractive investment option for capturing gold price gains [5] - The ETF closely tracks the CSI Gold Industry Index and invests in high-quality gold companies across the Hong Kong and mainland markets, providing a diversified exposure to the gold sector [5]

Group 1 - The core viewpoint of the articles indicates a collective rise in Hong Kong's non-ferrous metal stocks, driven by expectations of a Federal Reserve interest rate cut in December [1][2] - The probability of a 25 basis point rate cut by the Federal Reserve in December has increased to 82.9%, up from 69.4% the previous day, while the probability of maintaining the current rate is at 17.1% [1] - Analysts suggest that the rising probability of a rate cut will positively impact the non-ferrous metal sector in the short to medium term through three main channels: a weaker dollar, lower financing costs, and improved demand expectations [1] Group 2 - Specific non-ferrous metal stocks that saw significant gains include Lingbao Gold (+3.51%), China Daye Nonferrous Metals (+3.41%), and Zhaojin Mining (+2.85%) [2] - Other notable performers include Zijin Mining (+2.63%), China Hongqiao (+2.36%), and Luoyang Molybdenum (+2.20%), with several other companies also experiencing increases [2] - Spot gold prices rose by 0.2% to $4,141.70 per ounce, supported by expectations of a Federal Reserve rate cut and comments from Fed officials advocating for a more accommodative monetary policy [1]

Core Viewpoint - The successful completion and production commencement of the Caogoutou mining project by Zhaojin Mining (01818) marks a significant turning point for the company, transitioning from the construction phase to production phase, and is a key milestone in the company's "14th Five-Year Plan" for substantial growth [1] Group 1: Project Details - The Caogoutou mining area is rich in resources with an average grade of nearly 4g/t, serving as the main mining area for Jin Ting Ling Mining's stable development over the next decade [1] - The project was completed 40 days ahead of schedule, with an annual production capacity of 1 ton of gold once fully operational [1] Group 2: Strategic Importance - The "14th Five-Year Plan" is focused on doubling production, with resource accumulation being the core support for this strategy [1] - The company is intensifying exploration and resource accumulation efforts both domestically and internationally, revealing multiple significant resource accumulation benefits [1] - The completion of the Caogoutou mining area is expected to accelerate the rollout of key projects, with over ten projects anticipated to be completed and operational within the next 2-3 years, laying a solid foundation for the company to achieve over 50 tons of self-produced gold by the end of the "14th Five-Year Plan" [1]

Core Viewpoint - The successful completion and production commencement of the Caogoutou mining project by Zhaojin Mining marks a significant milestone in the company's "14th Five-Year Plan," providing substantial support for achieving the goal of 50 tons of self-produced gold by the end of the plan period [1][2]. Group 1: Project Overview - The Caogoutou mining project has passed the completion acceptance and obtained a safety production license, transitioning from the construction phase to production phase [1]. - The project features an average grade of nearly 4g/t, indicating lower unit mining costs and higher profit margins, which will support stable output for the next decade [1]. - The project was completed 40 days ahead of schedule, demonstrating the company's operational efficiency and project management capabilities [1]. Group 2: Future Growth Potential - The commencement of the Caogoutou project is the beginning of a cluster of incremental projects, with over ten key projects expected to be completed in the next 2-3 years, further driving the company's growth [2]. - If subsequent projects match or exceed the scale of Caogoutou, it will create a "stair-step increase" in production capacity, solidifying the foundation for surpassing the 50-ton self-produced gold target by the end of the "14th Five-Year Plan" [2]. - The company has a long-term grasp of core mineral resources, particularly in the Jiaodong mining area, which is a global giant gold mining region, ensuring a rich resource reserve for future projects [2]. Group 3: Strategic Importance - The launch of the Caogoutou project represents a critical leap in the company's "14th Five-Year Plan" strategy, converting prior resource investments into actual returns [2]. - The current high demand for gold as a safe-haven asset, coupled with the Federal Reserve's interest rate cuts, supports high gold prices, which will enhance revenue and profit growth for the company [2][3]. - The successful execution of the Caogoutou project serves as a model for resource-capacity-benefit transformation for domestic gold mining enterprises, aiding the company's transition from a domestic leader to a global top-tier gold mining company [3].

Core Viewpoint - The successful completion and production commencement of the Caogoutou mining project by Zhaojin Mining (1818.HK) marks a significant turning point for the company, transitioning from the construction phase to production phase, and indicates the intensive rollout of key projects under the "14th Five-Year Plan" [1] Group 1 - The Caogoutou mining area is rich in resources with an average grade close to 4g/t, serving as the main mining area for Jintingling Mining's stable development over the next decade [1] - The project was completed 40 days ahead of schedule, with an annual production capacity of 1 ton of gold upon reaching full production [1] - The completion of the Caogoutou mining area ignites the engine for the accelerated rollout of key projects, with over ten major projects expected to be completed and put into production within the next 2-3 years, laying a solid foundation for the company to exceed 50 tons of self-produced gold by the end of the "14th Five-Year Plan" [1]

Core Viewpoint - Zhaojin Mining (01818) announced the issuance of technology innovation corporate bonds for professional investors, with a total issuance scale not exceeding 1 billion yuan [1] Group 1: Bond Issuance Details - The bond issuance is set for a term of 5 years [1] - Investors have the option to sell back the bonds at the end of the third year [1] - The issuer has the right to adjust the coupon rate at the end of the third year [1] Group 2: Issuance Process and Results - The bonds were issued through a non-public inquiry and allocation method aimed at professional institutional investors [1] - The actual issuance amount was 1 billion yuan, with a subscription multiple of 3.61 times [1] - The final coupon rate was set at 1.89% [1]

本期债券采取网下面向专业机构投资者询价配售的方式发行，发行工作已于2025年11月24日结束。本期 债券实际发行金额10.00亿元，认购倍数3.61倍，最终票面利率为1.89%。 智通财经APP讯，招金矿业(01818)发布公告，根据《招金矿业股份有限公司2025年面向专业投资者公开 发行科技创新公司债券(第一期)发行公告》，招金矿业股份有限公司2025年面向专业投资者公开发行科 技创新公司债券(第一期)(以下简称"本期债券")发行规模不超过10亿元。本期债券期限为5年。本期债券 设置投资者回售选择权，债券持有人有权在本期债券存续期的第3年末将其持有的全部或部分本期债券 回售给发行人。本期债券设置票面利率调整选择权，发行人有权在本期债券存续期的第3年末决定是否 调整本期债券后续计息期间的票面利率。 ...

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 全部或任何部份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。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1818） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列招金礦業股份有限公司於2025年1 1月2 4日在上海證券交易所網站 (www.sse.com.cn)刊登的《招金礦業股份有限公司2025年面向專業投資者公開 發行科技創新公司債券（第一期）發行結果公告》，僅供參考。 特此公告。 承董事會命 招金礦業股份有限公司 姜桂鵬 董事長 中國招遠，2025年11月24日 截至本公告日期，董事會成員包括： 執行董事： 姜桂鵬先生、段磊先生、王立剛先生及王培武先生 非執行董事： 龍翼先生、李廣輝先生及欒文敬先生 獨立非執行董事： 陳晉蓉女士、蔡思聰先生、魏俊浩先生及申士富先生 * 僅供識別 招金矿业股份有 ...