Core Insights - The ongoing US-China trade tensions have led to a surge in safe-haven investments, pushing gold prices to a new historical high of $4,060 per ounce [1] - The rise in gold prices has positively impacted the Hong Kong stock market, particularly gold-related stocks, which have shown significant gains [1] Company Performance - Zijin Mining International saw an increase of over 6%, with a latest price of $139.00 and a market capitalization of 372.11 billion, reflecting a year-to-date increase of 94.16% [2] - China Silver Group rose by over 5%, with a latest price of $0.800 and a market capitalization of 2.17 billion, marking a year-to-date increase of 238.98% [2] - Chifeng Jilong Gold experienced a gain of 4.48%, with a latest price of $34.020 and a market capitalization of 64.65 billion, showing a year-to-date increase of 151.16% [2] - Lingbao Gold saw an increase of 4.04%, with a latest price of $19.580 and a market capitalization of 25.20 billion, reflecting a remarkable year-to-date increase of 640.79% [2] - Zefeng Gold rose by 3.55%, with a latest price of $1.750 and a market capitalization of 2.17 billion, indicating a staggering year-to-date increase of 894.32% [2] - Shandong Gold increased by 2.51%, with a latest price of $40.080 and a market capitalization of 184.77 billion, showing a year-to-date increase of 228.34% [2] - Zijin Mining rose by 2.08%, with a latest price of $34.360 and a market capitalization of 913.21 billion, reflecting a year-to-date increase of 152.73% [2] - Jihai Resources increased by 2.27%, with a latest price of $1.800 and a market capitalization of 3.60 billion, marking a year-to-date increase of 116.87% [2] - Zhangguan Gold rose by 2.12%, with a latest price of $2.890 and a market capitalization of 12.71 billion, indicating a year-to-date increase of 504.60% [2] - China National Gold International saw an increase of 1.28%, with a latest price of $141.900 and a market capitalization of 56.25 billion, reflecting a year-to-date increase of 251.42% [2]

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].

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 就 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。 茲 提 述 集 海 資 源 集 團 有 限 公 司（「本公司」）日 期 為2025年9月25日有關配售事項 的 公 告（「該公告」）。除 另 有 界 定 者 外，本 公 告 所 用 詞 彙 與 該 公 告 所 界 定 者 具 有 相 同 涵 義。 PERSISTENCE RESOURCES GROUP LTD 集海資源集團有限公司 （股份代號：2489） （於開曼群島註冊成立的有限公司） 補充公告 根據一般授權配售新股份 整 體 協 調 人、聯 合 配 售 代 理 及 資 本 市 場 中 介 人 聯合配售代理及資本市場中介人 最後截止日期變更 於2025年10月3日（交 易 時 段 後），本 公 司 及 聯 合 配 售 代 理 訂 立 補 充 配 售 協 議（「補 充配售協議」），據 ...

Core Viewpoint - The recent decline in gold stocks follows a significant drop in gold prices, influenced by cautious signals from Federal Reserve officials regarding interest rate policies [1] Group 1: Gold Stock Performance - Gold stocks experienced a widespread decline, with notable drops including Jihai Resources down 4.52% to 1.9 HKD, China Silver Group down 4.35% to 0.66 HKD, Chifeng Jilong Gold down 3.32% to 31.44 HKD, and Lingbao Gold down 2.4% to 19.93 HKD [1][1][1] Group 2: Gold Price Fluctuations - On October 2, gold prices saw a sharp decline, falling below 3820 USD/ounce after reaching a peak of 3896 USD/ounce, marking a drop of approximately 80 USD within the day [1][1][1] - Current spot gold prices are fluctuating around 3850 USD/ounce [1] Group 3: Federal Reserve Signals - Federal Reserve officials, including Logan, indicated a cautious approach towards interest rate policies, suggesting a slight increase in unemployment rates but not to a concerning level [1][1] - The officials emphasized the need for caution in avoiding premature rate cuts, stating that decisions will be based on available information rather than solely on official unemployment data [1][1]

Group 1 - The Hong Kong stock market saw a collective rise in gold stocks, with Zijin Mining International up over 8%, China Silver Group up over 7%, and Tongguan Gold up over 4% [1] - International gold prices continued to strengthen, reaching a peak of $3,895, setting a new historical high [1] Group 2 - Zijin Mining International reported a price increase of 8.54%, with a latest price of 130.900 and a total market capitalization of 343.48 billion, reflecting an 82.85% year-to-date increase [2] - China Silver Group experienced a 7.55% rise, with a latest price of 0.570 and a total market capitalization of 14.13 billion, marking a 141.53% year-to-date increase [2] - Tongguan Gold saw a 4.80% increase, with a latest price of 2.840 and a total market capitalization of 124.89 billion, showing a remarkable 494.14% year-to-date increase [2] - China Gold International had a 3.53% rise, with a latest price of 143.700 and a total market capitalization of 569.65 billion, reflecting a 255.88% year-to-date increase [2] - Chifeng Jilong Gold Mining increased by 3.35%, with a latest price of 31.440 and a total market capitalization of 597.49 billion, showing a 132.11% year-to-date increase [2] - Lingbao Gold Company saw a 3.09% increase, with a latest price of 19.020 and a total market capitalization of 244.78 billion, reflecting a 619.60% year-to-date increase [2] - Shandong Gold experienced a 2.60% rise, with a latest price of 37.900 and a total market capitalization of 174.716 billion, marking a 210.48% year-to-date increase [2] - Zhaojin Mining Industry had a 1.41% increase, with a latest price of 31.700 and a total market capitalization of 112.294 billion, reflecting a 190.68% year-to-date increase [2] - Jinhai Resources saw a slight increase of 0.53%, with a latest price of 1.890 and a total market capitalization of 3.78 billion, marking a 127.71% year-to-date increase [2]

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 集海資源集團有限公司 呈交日期: 2025年9月30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) | 02489 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定 ...

Core Viewpoint - Jihai Resources announced the resumption of operations at its Denggezhuang mine after a temporary shutdown due to a roof collapse incident, which is not expected to significantly impact the company's financial performance [1] Group 1: Incident and Recovery - The Denggezhuang mine experienced a roof collapse incident and was subsequently shut down for rectification [1] - On September 26, the Yantai Emergency Management Bureau granted permission for the Denggezhuang mine to resume operations [1] - The company's board believes that the short duration of the shutdown will not have a major effect on the group's financial results [1] Group 2: Capital Raising and Allocation - Jihai Resources plans to issue up to 400 million shares at a discount of 19.2%, with a placement price of HKD 1.18 per share, expecting net proceeds of approximately HKD 462 million [1] - About 50% of the proceeds will be used for acquiring potential gold mining projects [1] - Approximately 25% will be allocated to accelerate the expansion of the company's business, and the remaining 25% will be used for general working capital and other corporate purposes [1] Group 3: Market Performance - Jihai Resources saw its stock price increase by over 12% in early trading, with a current increase of 9.38%, trading at HKD 2.1, with a transaction volume of HKD 19.4451 million [2]

Core Viewpoint - Jihai Resources (02489) experienced a significant stock price increase, rising over 12% in early trading and currently up 9.38% at HKD 2.1, with a trading volume of HKD 19.45 million [1] Group 1: Company Operations - Jihai Resources announced a mining accident at its Denggezhuang mine in late July, leading to a temporary suspension of operations for rectification [1] - On September 26, the Yantai Emergency Management Bureau granted permission for the Denggezhuang mine to resume operations, indicating a quick recovery from the incident [1] - The company's board believes that the short duration of the suspension will not have a significant impact on the group's financial performance [1] Group 2: Financial Activities - Jihai Resources plans to issue up to 400 million shares at a discount of 19.2%, with a placement price of HKD 1.18 per share, expecting net proceeds of approximately HKD 462 million [1] - Approximately 50% of the proceeds will be allocated for the acquisition of potential gold mining projects, while 25% will be used to accelerate business expansion, and the remaining 25% for general working capital and other corporate purposes [1]

Group 1 - Ji Hai Resources (02489.HK) increased by 5.21% [1] - China Silver Group (00815.HK) rose by 4% [1] - Zijin Mining (02899.HK) saw a rise of 3.09% [1] - Tongguan Gold (00340.HK) experienced a 2.66% increase [1]

Core Viewpoint - The company has resumed production at the Denggezhuang mine after a temporary shutdown due to a worker's fatal accident, with no significant impact on financial performance expected from the downtime [1] Group 1: Incident and Response - A worker was killed in an accident at the Denggezhuang mine, leading to a mandated shutdown for safety inspections and rectifications by emergency and safety management authorities [1] - The company conducted a thorough self-inspection and rectification of management practices at Yantai Mujin during the shutdown period [1] - Local emergency management authorities performed a comprehensive review of the Denggezhuang mine, confirming its compliance with safety production conditions [1] Group 2: Resumption of Operations - On September 26, 2025, the company received a rectification review notice from the emergency management bureau, allowing the Denggezhuang mine to resume operations [1] - The company immediately restarted production at the Denggezhuang mine following the approval [1] - The board of directors believes that the short duration of the shutdown will not have a significant impact on the group's financial performance [1]