证券代码：601899 股票简称：紫金矿业 编号：临 2025-039 紫金矿业集团股份有限公司 关于加纳Akyem金矿项目完成交割的公告 特此公告。 紫金矿业集团股份有限公司 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。 紫金矿业集团股份有限公司（以下简称"公司"）于 2024 年 10 月 9 日披露《关 于收购加纳 Akyem 金矿项目的公告》（编号：临 2024-057），公司通过境外全资子 公司收购 Newmont Corporation（以下简称"纽蒙特"）旗下加纳 Akyem 金矿 100% 权益。鉴于协议中约定的先决条件已全部实现或豁免，本次收购已于北京时间 2025 年 4 月 16 日完成交割。 Akyem 金矿位于世界主要黄金成矿带上，矿体厚大且矿化连续性好。项目目 前为露天开采，矿山及选厂运行稳定，设备状态良好，采用常规炭浸工艺，选厂 设计处理能力 850 万吨/年，2021 年至 2024 年黄金产量分别为 11.9 吨、13.1 吨、 9.2 吨和 6.4 吨；2023 年度实现销售收入 5.74 ...

紫金矿业(601899.SH)公告称，公司通过境外全资子公司收购 Newmont Corporation旗下加纳Akyem金矿 100%权益的收购已于2025年4月16日完成交割。Akyem金矿位于世界主要黄金成矿带上，矿体厚大且矿 化连续性好。2023年度实现销售收入5.74亿美元， 净利润1.28亿美元。公司认为，Akyem项目成矿条件 好，找矿增储潜力大，有望大幅增长资源储量，提升矿山服务年限和黄金产量，对实现集团黄金产量规 划目标将发挥积极贡献。 ...

Core Viewpoint - The A-share market showed mixed performance with the Shanghai 50 Index rising by 0.91% to 2658.5 points, while it has experienced a decline of 3.86% over the past month and a year-to-date drop of 1.87% [1] Group 1: Index Performance - The Shanghai 50 Index is composed of 50 representative securities from the Shanghai Stock Exchange, reflecting the performance of major influential companies [1] - The index has a base date of December 31, 2003, with a base point of 1000.0 [1] Group 2: Top Holdings - The top ten weighted stocks in the Shanghai 50 Index include: - Kweichow Moutai (12.56%) - China Ping An (6.89%) - China Merchants Bank (6.69%) - Yangtze Power (4.6%) - Industrial Bank (3.94%) - Zijin Mining (3.73%) - CITIC Securities (3.15%) - Industrial and Commercial Bank of China (3.13%) - Heng Rui Medicine (2.77%) - Yili Group (2.4%) [1] Group 3: Sector Allocation - The sector allocation of the Shanghai 50 Index is as follows: - Financials: 32.66% - Consumer Staples: 17.23% - Industrials: 11.88% - Information Technology: 9.06% - Materials: 5.71% - Utilities: 5.59% - Energy: 4.83% - Health Care: 4.46% - Communication Services: 3.99% - Consumer Discretionary: 3.80% - Real Estate: 0.80% [2] Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - The adjustment allows for a maximum sample change of 10%, with priority given to new samples ranked within the top 40 and existing samples ranked within the top 60 [2] - Special circumstances may lead to temporary adjustments, and new securities can enter the index under specific conditions [2]

Summary of Conference Call Records Industry Overview - The records primarily discuss the mining industry in the Democratic Republic of the Congo (DRC), focusing on the M23 rebel group and the DRC government's strategies regarding mineral exports and resource management [1][2][3][4][5][6][7][8][9][10][11]. Key Points and Arguments 1. **Political Situation and Negotiations**: The DRC government engaged in negotiations with the M23 rebel group, indicating a willingness for peace despite the rebels' refusal to communicate directly due to lack of formal documentation [1]. 2. **Resource Management Strategies**: The DRC government is implementing measures to control mineral exports, including extending export bans and introducing quotas to manage local mineral processing [2][3]. 3. **Local Mineral Processing**: There is a strong emphasis on local mineral processing to enhance economic benefits for local communities, moving away from being merely an exporting country [3]. 4. **Nickel and Cobalt Market Dynamics**: The DRC's nickel and cobalt production is under pressure from global supply dynamics, particularly from Indonesia, which holds a significant market share [4][5]. 5. **Strategic Partnerships**: The DRC is exploring partnerships with the U.S. for military support in exchange for access to key minerals, highlighting the strategic importance of these resources [5][6][7]. 6. **Copper Market Outlook**: The DRC's copper market is facing challenges, including potential impacts from U.S. tariffs on imports, which could drive up copper prices [9][10][11]. 7. **Impact of Trade Policies**: U.S. trade policies are expected to influence global copper prices, with potential increases due to tariffs on imports [9][10]. 8. **Production Costs and Market Conditions**: The current market environment is challenging for copper producers, with calls for production cuts to stabilize prices [12][13]. 9. **Future Projections**: Companies in the DRC are expected to see growth in production capacity, particularly in copper and gold, with significant projects planned for the coming years [16][17]. Other Important Content - The DRC government recognizes the value of its mineral resources as a bargaining chip in international relations, particularly in negotiations with the U.S. and Indonesia [7][8]. - The records indicate a shift in focus towards enhancing local processing capabilities to create a sustainable economic model rather than relying solely on exports [3][4]. - The potential for increased copper prices due to supply constraints and rising production costs is highlighted, suggesting a favorable outlook for companies involved in copper mining [12][13][14]. - The importance of strategic metals, including copper and cobalt, is underscored as essential for future economic stability and growth in the DRC [11][12]. This summary encapsulates the critical insights from the conference call records, providing a comprehensive overview of the current state and future outlook of the mining industry in the DRC.

尊敬的各位投资者各位朋友大家早上好我是紫金矿业的董事会秘书郑友诚非常欢迎各位参加紫金矿业2024年度的业绩发布会本次发布会我们在厦门和香港两地通过上镇路演中心向全球投资者进行现场直播我们同时开辟了同声传译英文直播间 投资人可以通过网络电话和互动平台收听收看并可以通过电话和网络的形式向我们提出问题和意见建议今天出席发布业绩发布会的紫金矿业领导有公司创始人知情董事董事长陈景和先生公司知情董事副董事长总裁周来昌先生 公司执行董事、副总裁谢雄辉先生公司独立董事李长青先生公司财务总监吴洪辉先生今天的业绩发布会分成两个阶段一是公司管理层致辞并介绍2024年公司生产经营和ESG工作的情况二是与投资人进行互动交流 首先我们有请公司总裁周拉昌先生致辞尊敬的各位投资者朋友们大家上午好非常欢迎大家参与紫金矿业2024年度的业绩发布会首先代表紫金矿业对各位投资者和社会各界长期以来的关心信赖与支持表示衷心的感谢希望借此机会向各位通报公司2024年的业绩情况 同时也听起大家对公司的意见和建议2024年是公司新五年计划的开启之年在公司董事会和陈几何董事长战略引领下我们全面贯彻体制 控本 增效工作总方针在复杂挑战中把握发展机遇各项工作取得了 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The report highlights that both copper and gold prices have risen, leading to record high quarterly performance. The company is expected to benefit from the continuous increase in copper and gold production and prices [8] Financial Performance Summary - In Q1 2025, the company achieved revenue of 78.93 billion yuan, a year-on-year increase of 5.55% and a quarter-on-quarter increase of 7.76%. The net profit attributable to shareholders was 10.17 billion yuan, a year-on-year increase of 62.39% and a quarter-on-quarter increase of 32.15% [8] - The copper production volume was 287,600 tons, a year-on-year increase of 9.5%, while the gold production volume was 19.1 tons, a year-on-year increase of 13.4% [8] - The average price of copper in Q1 2025 was 62,000 yuan/ton, a year-on-year increase of 16.7%, and the average price of gold was 641.5 yuan/gram, a year-on-year increase of 40.1% [8] Earnings Forecast and Valuation - The company is projected to have net profits of 40.8 billion yuan, 47.1 billion yuan, and 52.0 billion yuan for the years 2025, 2026, and 2027 respectively. The corresponding earnings per share (EPS) are expected to be 1.53 yuan, 1.77 yuan, and 1.96 yuan [7][8] - The price-to-earnings (P/E) ratios for the years 2025, 2026, and 2027 are estimated to be 11.2, 9.7, and 8.8 respectively [8]

Group 1 - The A-share market showed mixed performance with the Shanghai Composite Index relative to the growth index declining by 0.45%, closing at 2675.86 points and a trading volume of 171.84 billion [1] - The Shanghai Composite Index relative to the growth index has decreased by 5.59% over the past month, increased by 0.79% over the past three months, and has declined by 1.15% year-to-date [1] - The Shanghai Composite Index style index series is based on the Shanghai Composite Index, calculating style scores based on growth and value factors, selecting the top 150 listed companies for the growth and value indices [1] Group 2 - The top ten holdings of the Shanghai Composite Index relative to the growth index include Kweichow Moutai (12.65%), Zijin Mining (3.77%), and others, with the Shanghai Stock Exchange accounting for 100% of the holdings [2] - The industry composition of the holdings in the Shanghai Composite Index relative to the growth index includes Information Technology (19.80%), Industrials (19.31%), Consumer Staples (18.67%), and others [2] Group 3 - The index sample is adjusted every six months, with adjustments occurring on the next trading day after the second Friday of June and December, with a sample adjustment ratio generally not exceeding 20% [3] - In special circumstances, the index may undergo temporary adjustments, and companies that are delisted will be removed from the index sample [3]

Investment Rating - The investment rating for Zijin Mining is "Buy" (maintained) [1] Core Views - Zijin Mining's Q1 2025 report shows a significant increase in net profit attributable to shareholders, with a year-on-year growth of 58.17% [3] - The company plans to produce 85 tons of gold in 2025, representing a 17% increase year-on-year, benefiting from rising gold prices and increased production [3] - The earnings forecast for 2025-2027 has been raised, with expected net profits of 41.36 billion, 46.56 billion, and 51.88 billion yuan respectively [3] Financial Performance Summary - In Q1 2025, Zijin Mining achieved operating revenue of 789.28 billion yuan, a year-on-year increase of 5.55% and a quarter-on-quarter increase of 7.76% [3] - The net profit attributable to shareholders for Q1 2025 was 101.67 billion yuan, up 62.39% year-on-year and 32.16% quarter-on-quarter [3] - The company’s copper production increased by 9.49% year-on-year to 287,600 tons, while gold production rose by 13.45% to 19.07 tons in Q1 2025 [4] Price and Cost Analysis - The average selling price of copper increased by 3.27% year-on-year and 7.33% quarter-on-quarter, while the average selling price of gold rose by 40.07% year-on-year and 11.98% quarter-on-quarter [4] - The sales cost of copper increased by 7.57% year-on-year, and the sales cost of gold rose by 12.62% year-on-year [4] Share Buyback Plan - The company announced a share buyback plan with a total amount of 600 million to 1 billion yuan, aimed at employee stock ownership plans or equity incentive plans [5] - As of April 10, 2025, Zijin Mining had repurchased 64 million shares, accounting for 0.24% of total shares, with actual funds used amounting to approximately 1 billion yuan [5] Financial Summary and Valuation Metrics - Expected operating revenue for 2025 is 374.81 billion yuan, with a year-on-year growth of 23.4% [6] - The projected earnings per share (EPS) for 2025 is 1.56 yuan, with a price-to-earnings (P/E) ratio of 11.3 [6] - The company's return on equity (ROE) is expected to be 22.1% in 2025 [6]

Group 1 - The A-share market indices closed mixed, with the Shanghai Corporate Governance Index rising by 0.34% to 1101.21 points, with a trading volume of 103.81 billion yuan [1] - The Shanghai Corporate Governance Index has decreased by 3.14% over the past month, increased by 1.36% over the past three months, and has fallen by 2.42% year-to-date [1] - The index aims to encourage and promote the improvement of corporate governance among listed companies, enhancing the overall quality of these companies [1] Group 2 - The top ten weighted stocks in the Shanghai Corporate Governance Index include Kweichow Moutai (10.44%), Ping An Insurance (5.93%), and China Merchants Bank (5.71%) [1] - The index is composed entirely of stocks listed on the Shanghai Stock Exchange, with a 100% representation [1] - The industry composition of the index shows that finance accounts for 27.98%, industrials for 16.91%, and consumer staples for 15.01% [2] Group 3 - The index samples are adjusted biannually, with evaluations occurring in May and November, and adjustments implemented on the next trading day after the second Friday of June and December [2] - In cases of severe negative events affecting companies in the index, those companies will be promptly removed, and the index will be adjusted accordingly [2]

Group 1 - The A-share market's three major indices closed mixed, with the Shanghai 180 Index down 0.09% at 8351.8 points and a trading volume of 133.607 billion [1] - The Shanghai 180 Index has decreased by 4.69% over the past month, 0.29% over the past three months, and 3.27% year-to-date [1] - The Shanghai 180 Index consists of 180 securities selected from the Shanghai Stock Exchange, reflecting the overall performance of core listed companies [1] Group 2 - The top ten weighted stocks in the Shanghai 180 Index include Kweichow Moutai (5.57%), China Ping An (2.71%), Zijin Mining (2.65%), and others [1] - The industry composition of the index shows that finance accounts for 21.15%, industrials 19.44%, and information technology 13.81% among others [2] - The index samples are adjusted biannually, with adjustments typically not exceeding 10% of the sample [2]