2026 年 1 月 23 日，本公司旗下巨龍銅礦的二期工程正式建成投產。在現有 15 萬噸／日採 選工程基礎上，巨龍銅礦將新增生產規模 20 萬噸／日，形成 35 萬噸／日的總生產規模。 二期工程達產後，巨龍銅礦年礦石採選規模將從 4,500 萬噸提升至 1.05 億噸，礦產銅年產量 將從 2025 年的 19 萬噸提高至約 30－35 萬噸（預計 2026 年礦產銅產量將達 30 萬噸），礦產 鉬年產量將從 2025 年的 0.8 萬噸提高至約 1.3 萬噸，礦產銀年產量將從 2025 年的 109 噸提 高至約 230 噸；巨龍銅礦將成為中國最大的銅礦，同時也是全球海拔最高、入選品位最低的 世界級超大型銅礦。 巨龍銅礦地處海拔 5,000 米以上的高寒缺氧區域，自然地理環境惡劣，作業條件艱苦，施工 管理難度極高。公司自 2020 年 6 月收購並主導建設運營巨龍銅礦以來，依託強大的全流程 自主技術與工程研發創新能力，以及「艱苦創業、開拓創新」的紫金精神，僅用時約 18 個 月便實現一期工程建成投產；二期工程自動工後，再次以約 18 個月的工期實現建成投產。 關於巨龍銅礦二期工程建成投產的公告 茲提述紫金 ...

Core Viewpoint - Zijin Mining (601899.SH) announced the completion and production commencement of the second phase of the Julong Copper Mine on January 23, 2026, significantly increasing its production capacity and positioning it as a leading global copper mine [1][2]. Group 1: Production Capacity and Output - The second phase of the Julong Copper Mine will add a production scale of 200,000 tons per day, bringing the total production capacity to 350,000 tons per day [1]. - After reaching full capacity, the annual ore processing scale will increase from 45 million tons to 105 million tons, with copper production expected to rise from 190,000 tons in 2025 to approximately 300,000 to 350,000 tons [1]. - Molybdenum production is projected to increase from 8,000 tons in 2025 to about 13,000 tons, while silver production is expected to rise from 109 tons in 2025 to approximately 230 tons [1]. Group 2: Future Development Plans - The company is planning the third phase of the Julong Copper Mine, which, if approved, will lower the mining elevation from 4,452 meters to 3,880 meters, with available copper reserves exceeding 20 million tons and an annual ore processing capacity of about 200 million tons [2]. - Upon completion, the third phase is expected to make the Julong Copper Mine the largest copper mine in terms of processing scale, with an anticipated annual copper output of around 600,000 tons [2]. Group 3: Strategic Importance - The company holds an 80.88% stake in the Julong Copper Mine through its subsidiaries, translating to a 58.16% equity interest after consolidation [3]. - The completion of the second phase will significantly enhance the company's copper segment's overall strength, contributing to its strategic goal of becoming a leading global mining group [3].

Core Viewpoint - Zijin Mining announced that the second phase of the Jilong Copper Mine will officially commence production on January 23, 2026, significantly increasing its production capacity and output of various minerals [1] Production Capacity Expansion - The Jilong Copper Mine will add a new production scale of 200,000 tons per day, bringing the total production capacity to 350,000 tons per day [1] - After the completion of the second phase, the annual ore processing capacity will increase from 45 million tons to 105 million tons [1] Mineral Output Projections - The annual copper production is expected to rise from 190,000 tons in 2025 to approximately 300,000 to 350,000 tons, with an estimated output of 300,000 tons in 2026 [1] - Molybdenum production is projected to increase from 8,000 tons in 2025 to about 13,000 tons [1] - Silver production is anticipated to grow from 109 tons in 2025 to approximately 230 tons [1] Industry Position - Upon completion, the Jilong Copper Mine will become the largest copper mine in China and the world's highest-altitude, lowest-grade world-class super-large copper mine [1]

Core Viewpoint - Zijin Mining announced that the second phase of the Jilong Copper Mine will officially commence production on January 23, 2026, significantly increasing its operational capacity and copper output [1] Group 1: Project Developments - The annual ore processing capacity of the Jilong Copper Mine will increase from 45 million tons to 105 million tons after the second phase is completed [1] - The annual copper production is expected to rise from 190,000 tons in 2025 to approximately 300,000 to 350,000 tons [1] Group 2: Future Plans - The company is planning the third phase of the Jilong Copper Mine, which, if approved by government authorities, will lower the mining elevation from 4,452 meters in the second phase to 3,880 meters [1] - Upon completion of the third phase, the annual ore processing capacity is projected to reach about 200 million tons, making it the largest copper mine in the world by processing scale, with an expected annual copper output of around 600,000 tons [1]

证券代码：601899 证券简称：紫金矿业 编号：临 2026-006 紫金矿业集团股份有限公司 关于巨龙铜矿二期工程建成投产的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2026 年 1 月 23 日，紫金矿业集团股份有限公司（以下简称"公司"）旗下巨 龙铜矿的二期工程正式建成投产。在现有 15 万吨/日采选工程基础上，巨龙铜矿 将新增生产规模 20 万吨/日，形成 35 万吨/日的总生产规模。 二期工程达产后，巨龙铜矿年矿石采选规模将从 4,500 万吨提升至 1.05 亿吨， 矿产铜年产量将从 2025 年的 19 万吨提高至约 30-35 万吨（预计 2026 年矿产铜产 量将达 30 万吨），矿产钼年产量将从 2025 年的 0.8 万吨提高至约 1.3 万吨，矿 产银年产量将从 2025 年的 109 吨提高至约 230 吨；巨龙铜矿将成为中国最大的铜 矿，同时也是全球海拔最高、入选品位最低的世界级超大型铜矿。 累计查明铜金属资源量 2,588 万吨，约为公司收购时核实的铜金属资源量 1,041 万吨的 ...

Core Viewpoint - The non-ferrous metal sector is experiencing a strong rally, with the popular ETF, Huabao Non-Ferrous ETF (159876), reaching a historical high and significant trading volume, indicating potential investment opportunities [1][11]. Group 1: Market Performance - The non-ferrous metal sector has shown a robust performance, with the Huabao Non-Ferrous ETF (159876) rising by 3.29% and achieving a trading volume of 1.07 billion yuan, surpassing the previous day's total [1][9]. - Major stocks in the sector, such as Baiyin Non-Ferrous and Tongling Non-Ferrous, have seen significant gains, with Baiyin Non-Ferrous up by 9.97% and Tongling Non-Ferrous by 9.94% [2][14]. - The overall market sentiment is positive, with the non-ferrous metal sector leading among 31 primary sub-industries in the A-share market [5][13]. Group 2: Gold Price Surge - International gold prices have surged, with spot gold reaching 4,950 USD per ounce, marking a new historical high, while COMEX gold futures peaked at 4,970 USD per ounce [2][10]. - The rise in gold prices is attributed to factors such as geopolitical tensions, U.S. risks, and central bank gold purchases, which are expected to support gold prices in the future [3][13]. Group 3: Investment Trends - The Huabao Non-Ferrous ETF has seen a net subscription of 52.2 million units, accumulating 844 million yuan over the past 20 days, indicating strong investor interest [1][11]. - The ETF covers a wide range of metals, including copper, aluminum, gold, rare earths, and lithium, allowing investors to capture various market cycles [6][16]. - Analysts predict that the demand for basic metals like copper, aluminum, and tin will continue to perform well due to emerging needs in AI, electricity, and new energy sectors [3][13].

Core Viewpoint - The company aims to enhance domestic customer penetration, develop new customers, and continue promoting import substitution while leveraging its brand influence and talent aggregation from being publicly listed [1] Group 1: Domestic Strategy - The company plans to increase domestic customer penetration [1] - There is a focus on developing new customers [1] - The company will continue to promote import substitution [1] Group 2: International Expansion - The company intends to actively explore traditional markets in Europe and the United States, as well as emerging markets in BRICS countries, Southeast Asia, and Africa [1] - The company aims to deeply participate in the supply chain for mineral projects of Chinese enterprises like Zijin Mining and Jiangxi Copper overseas [1] Group 3: Product and Service Offering - The company will provide high-reliability all-steel giant tires and tire operation management services [1]

Group 1 - The core viewpoint of the articles highlights the strong resurgence of gold's financial attributes, driven by factors such as real interest rates, the US dollar index, and regional situations, with gold prices reaching historical highs of $4,960 per ounce and silver surpassing $97 per ounce [1] - The World Gold Council reported that in 2025, gold prices set records 53 times, with global gold ETF inflows reaching $89 billion and total holdings climbing to a historical high of 4,025 tons, indicating a continuous influx of funds driving up the value of gold assets [1] - Silver is positioned as an essential raw material in three key sectors: solar photovoltaic, automotive and electric vehicles, and data centers and artificial intelligence, supporting its core role in future industrial transformations [1] Group 2 - As of January 23, 2026, the National Securities Nonferrous Metals Industry Index (399395) rose by 1.86%, with component stocks such as silver and gold companies showing significant gains, including a 9.97% increase in silver stocks and a 7.02% rise in Chifeng Jilong Gold Mining [2] - The National Securities Nonferrous Metals Industry Index reflects the overall performance of listed companies in the nonferrous metals sector, based on a sample of 50 securities with notable scale and liquidity, providing a benchmark for industry investment [2] - The top ten weighted stocks in the National Securities Nonferrous Metals Industry Index as of December 31, 2025, include Zijin Mining, Luoyang Molybdenum, and Northern Rare Earth, collectively accounting for 51.65% of the index [2]

Group 1 - The core viewpoint of the article highlights a significant rise in the Hong Kong stock market for non-ferrous metal stocks on January 23, with notable gains among several companies [1] Group 2 - Minmetals Resources experienced an increase of nearly 9% [1] - Chifeng Jilong Gold Mining rose by over 7% [1] - Zijin Mining International saw an increase of over 5% [1] - Ganfeng Lithium grew by nearly 5% [1] - Shandong Gold Mining increased by nearly 4% [1]

Group 1 - The core viewpoint of the articles highlights a significant increase in gold prices and strong performance of gold-themed products, driven by rising geopolitical tensions and heightened risk aversion among investors [1] - As of January 22, 2026, the gold stock ETF has seen a net inflow of 1.463 billion yuan over the past eight days, indicating strong investor interest [1] - The gold stock ETF has achieved a net value increase of 190.08% over the past two years, ranking 14th out of 2515 index stock funds, placing it in the top 0.56% [1] Group 2 - The gold stock ETF closely tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index, which includes leading companies in gold mining, refining, and sales [2] - As of December 31, 2025, the top ten weighted stocks in the CSI Hong Kong-Shenzhen Gold Industry Stock Index account for 63.58% of the index, with major companies like Zijin Mining and Shandong Gold [2] - The highest monthly return for the gold stock ETF since its inception was 21.60%, with a historical average monthly return of 9.36% and a 100% probability of profit over a two-year holding period [1]