公司在四大洲八大国家拥有7座控股金矿和1座参股金矿。2024年底，合并矿产金权益资源量1614吨，平均品位1.4g/t，权益储量856吨，平均品位1.4g/t。 2024年合计黄金产量46.7吨，权益量40吨。据产量指引，仅内生增长下，2025-2026年权益产量将增至40.5吨和53.1吨，增长潜力强劲。成本方面，2022-2024 年全维持成本从1046美元/盎司升至1458美元/盎司，2024年涨幅仅0.6%，成本控制向好。 横向对比，公司成长性突出，2022-2024年权益产量年化增速9.6%，为样本企业中最快。虽旗下矿山品位非最优，但成本优势显著，体现出色运营能力，不 过与国内代表性企业相比，综合成本仍有改善空间。 公司核心竞争力在于"五环归一"：激励机制到位激发员工积极性；管理层为专业团队，经验丰富；并购能力强，逆周期收购并改造"亏本"矿山；勘探能力突 出，自主勘查降低资源获取成本；运营能力卓越，通过"矿石流五环归一"模式提升矿山效益。 紫金黄金国际是由紫金矿业整合其海外金矿资产而成的全球领先黄金开采公司，控股股东为紫金矿业，实际控制人为上杭县财政局。自2007年收购塔吉克斯 坦吉劳/塔罗金矿起步 ...

Group 1 - The article highlights the top three companies with the highest AH premium rates as Northeast Electric (800.00%), Hongye Futures (224.47%), and Andeli Juice (219.79%) [1] - The bottom three companies with the lowest AH premium rates are Ningde Times (-22.45%), Hengrui Medicine (-4.84%), and China Merchants Bank (4.09%) [1] - The article provides a detailed ranking of the top ten and bottom ten AH stocks based on their premium rates and deviation values [1] Group 2 - The top three companies with the highest deviation values are Andeli Juice (30.94%), Beijing Beichen Industrial (16.61%), and Jinli Permanent Magnet (15.22%) [1] - The bottom three companies with the lowest deviation values are BYD Company (-158.79%), Northeast Electric (-64.08%), and Longpan Technology (-41.16%) [1] - The article includes a comprehensive table listing the premium rates and deviation values for the top and bottom AH stocks [2]

智通财经8月13日讯（编辑 冯轶）受美联储降息预期升温及板块业绩等因素催化，港股黄金股短线再度走强。 截至发稿，今日紫金矿业(02899.HK)、灵宝黄金(03330.HK)双双涨超3%，且均刷新历史高点，招金矿业(01818.HK)等个股也跟涨。 另一方面，随着年内金价持续走高，市场对黄金股的中期业绩表现也颇为期待。 据媒体报道，不少黄金行业上市企业近期频繁获机构调研。从机构调研的内容看，未来黄金产量、黄金产能扩张计划、公司成本变化等，是机构普遍关心的 问题。 早前，灵宝黄金、潼关黄金等港股黄金股就相继发布盈喜预告。其中，灵宝黄金预计中期净利润约6.56亿元至6.87亿元，同比增加约 330%-350%；潼关黄金上半年预盈3.3亿港元-3.6亿港元，同比增长259%-291%。 国金期货近日发布的研究也分析称，市场聚焦美联储9月降息，黄金可能会提前反应。后续或围绕着特朗普加征关税和美联储降息两个核心事件展开博弈。 此外，早前央行发布数据显示，中国7月末黄金储备报7396万盎司，环比增加6万盎司，为连续第9个月增持黄金。 开源证券表示，"降息交易"和"特朗普2.0"双主线将在2025年持续催化，贸易保护主义和 ...

Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metal sector, particularly the Non-Ferrous 50 ETF (159652), which has seen significant increases in both price and trading volume [1][5][7] - As of August 13, 2025, the Non-Ferrous 50 ETF rose by 2.25%, with notable individual stocks like Huaxi Nonferrous (600301) and Bowei Alloy (601137) each increasing by 10.01% [1][3] - The ETF has experienced a net inflow of funds, with a total of 500 million shares purchased, indicating strong investor interest [3][4] Group 2 - Recent economic data from the U.S. has shown weaker-than-expected performance, with the non-manufacturing PMI at 50.1, raising concerns about economic growth [5][6] - The market anticipates a potential interest rate cut by the Federal Reserve, with an 88.9% probability of a 25 basis point cut in September, which is expected to positively impact precious metals [6][7] - The overall sentiment in the non-ferrous metal sector is bolstered by supply-side policies and improving demand dynamics, suggesting a favorable environment for price increases [6][7] Group 3 - The Non-Ferrous 50 ETF encompasses a diverse range of metals, including gold, copper, and rare earths, with copper making up 31% of its composition, positioning it as a leading fund in its category [8][9] - Key holdings in the ETF include Zijin Mining (15.8% weight) and Huayou Cobalt (4.0% weight), reflecting a strong focus on leading companies in the copper and lithium sectors [9][10] - The ETF's recent growth in scale, with an increase of 881.50 million yuan over the past week, indicates a robust interest from investors [4][5]

彼时，对于业绩增长，紫金矿业称主要是由于生产运营管理能力稳步提升，主要矿产品产量实现增长； 同时公司对金属市场的研判能力进一步提升，充分享受了金属价格上涨带来的收益。 此外，紫金矿业正加速推进全球化进程。6月30日，紫金矿业公告，拟以12亿美元收购Cantech持有的哈 萨克斯坦RG金矿项目100%权益。 对于此次收购的必要性，紫金矿业阐述，RG金矿资源量较大，为大型在产露天矿山，服务期限长，基 础设施完善；项目选矿工艺成熟，综合成本较低，盈利能力较强，且在生产运营方面仍有进一步提升空 间，并购当年即可为公司贡献产量和利润；预期投资回报期短，经济效益良好。 紫金矿业（601899）7月13日晚间披露业绩预增公告，公司预计2025年上半年归属于上市公司股东的净 利润约232亿元，同比增长约54%。 具体看，紫金矿业公告称，经财务部门初步测算，预计2025年半年度净利润约232亿元，与上年同期151 亿元相比，将增加约81亿元，同比增长约54%。其中，2025年第二季度预计实现净利润约130亿元，与 2025年第一季度102亿元相比，将增加约28亿元，环比增加约27%。 另外，紫金矿业预计2025年半年度实现归属 ...

Group 1 - The non-ferrous metal sector experienced a broad increase, with notable stock performances including Jiangxi Copper rising by 5.84% to HKD 18.49, and Luoyang Molybdenum increasing by 5.26% to HKD 10.6 [1] - The U.S. Labor Department reported a 0.2% month-on-month increase in the Consumer Price Index (CPI) for July, aligning with expectations and showing a deceleration of 0.1 percentage points from the previous month [1] - Following the CPI data release, traders are betting on a high probability (over 90%) that the Federal Reserve will cut interest rates by 25 basis points in September [1] Group 2 - CITIC Securities noted that poor U.S. economic and employment data, combined with Trump's nomination of Stephen Moore to the Federal Reserve, has strengthened market expectations for a rate cut in September, leading to a rally in the non-ferrous sector [2] - The ongoing domestic "anti-involution" policy aims to optimize production factors and enhance profitability across various segments, which is favorable for the transmission of rising metal prices to downstream markets [2] - The valuation of the industrial metals sector is currently low, indicating potential for upward correction, with a bullish market for non-ferrous metals beginning to emerge as both EPS and PE metrics show promise [2]

Group 1 - The non-ferrous metal sector experienced a broad increase, with notable stock price rises for companies such as Jiangxi Copper (+5.84%), Luoyang Molybdenum (+5.26%), and Lingbao Gold (+4.27%) [1] - The U.S. Labor Department reported a 0.2% month-on-month increase in the Consumer Price Index (CPI) for July, aligning with expectations and showing a slowdown of 0.1 percentage points from the previous month [1] - Following the CPI data release, traders increased bets on the Federal Reserve lowering interest rates in the remaining three meetings of the year, with the probability of a 25 basis point cut in September rising above 90% [1] Group 2 - Citic Securities highlighted poor performance in U.S. economic and employment data, alongside the nomination of Stephen Moore as a Federal Reserve governor, which reinforced market expectations for a rate cut in September [2] - The ongoing domestic policy of "anti-involution" aims to optimize production factors and enhance profitability across various sectors, positively impacting metal price transmission to downstream markets [2] - The industrial metals sector is currently undervalued, indicating potential for upward correction, with a bullish market for non-ferrous metals beginning to take shape driven by both EPS and PE improvements [2]

根据协议，公司将对马林迪码头和基戈马港口进行升级改造，完善堆场、仓库等基础设施，配备现代化 装卸设备与智能管理系统，有效提升货物吞吐能力、优化物流体系及效率。升级完成后，经达累港的矿 产品集靠港时间将大幅缩短，马林迪码头将成为非洲铜矿带出海的重要门户。 此外，为配合全链条物流体系落地，紫金矿业在坦桑尼亚设计建造的多艘2000吨级散货船，即将于2026 年交付，这批现代化船舶不仅是坦桑本地首批现代化散货运输船，也被坦桑尼亚政府视为招商引资、推 动制造业升级的重要标志性成果。 本文源自：智通财经网 智通财经获悉，紫金矿业(02899)盘中涨超3%，截至发稿，涨2.8%，报23.52港元，成交额2.49亿港元。 消息面上，据紫金矿业官网消息，当地时间8月5日，紫金矿业与坦桑尼亚政府在达累斯萨拉姆港正式签 署协议，获得达累港马林迪码头与基戈马港口的特许经营权，将有力保障公司在刚果(金)等中部非洲国 家的物流和供应链能力。 ...

Core Insights - Silver prices have surged over 36% this year, outperforming gold, driven by factors such as the "substitution effect" and industrial demand [1][5][6] - The rising silver prices have led to increased consumer interest in silver jewelry, particularly among younger demographics, despite concerns about affordability [1][2][3] Price Trends - The spot silver price reached over $39 per ounce, marking a nearly 13-year high, with significant increases in silver jewelry prices observed [1][3] - Consumers have reported sharp price increases for silver items, with some experiencing price hikes from 207 yuan to 269 yuan for a silver bracelet within a short period [1][2] Market Demand - Sales of silver jewelry have significantly increased, with some brands reporting sales growth of 2 to 9 times compared to previous weeks [3] - The demand for silver jewelry remains strong due to its relatively lower price compared to gold, attracting many young buyers [3] Company Performance - Several silver mining companies, such as Huayu Mining and Zijin Mining, are expected to report over 50% increases in net profits for the first half of 2025, benefiting from rising silver prices [3][4] Investment Insights - The investment market for silver bars is also gaining traction, with banks offering silver bars at competitive prices, reflecting a bullish outlook on silver [4][5] - Analysts suggest that investors should diversify their portfolios to mitigate risks associated with the rising silver prices, considering various investment tools such as physical silver, ETFs, and mining stocks [5][6]

Group 1 - The Federal Reserve's interest rate cut expectations are rising, significantly supporting the precious metals market [1] - The volatility in U.S. employment data has led to a near certainty of a rate cut in September, which will lower real interest rates and enhance the attractiveness of gold [1] - Central banks in emerging markets are actively purchasing gold, with China increasing its gold reserves for nine consecutive months, providing long-term support for gold prices [1] Group 2 - As of August 13, 2025, the CSI Hong Kong-Shenzhen Gold Industry Stock Index (931238) rose by 1.33%, with notable increases in constituent stocks such as Jiangxi Copper (00358) up 6.30% and Zijin Mining (601899) up 3.65% [3] - The Gold Stock ETF (159322) increased by 1.46%, with a recent price of 1.25 yuan, and has shown a cumulative increase of 1.48% over the past week [3] - The Gold Stock ETF has a one-year net value increase of 30.95%, with a maximum monthly return of 16.59% since inception [3] Group 3 - The Gold Stock ETF has a Sharpe ratio of 1.25 over the past year, ranking it in the top 1/3 of comparable funds, indicating higher returns for the same level of risk [4] - The fund has experienced a relative drawdown of 3.00% year-to-date, with a recovery time of 7 days, the fastest among comparable funds [4] - The Gold Stock ETF closely tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index, which includes 50 large-cap companies involved in gold mining, refining, and sales [4][5]