Core Viewpoint - The company announced the completion of the integration of mining rights and exploration rights for the Baiyinda Silver Polymetallic Mine, along with the issuance of relevant certificates by the Chifeng Natural Resources Bureau [1] Group 1: Company Developments - The company holds a 62.96% stake in Inner Mongolia Yindu Mining Co., Ltd., which is its controlling subsidiary [1] - The resource estimation area for the Baiyinda Silver Polymetallic Mine is 5.5395 square kilometers as of February 29, 2024 [1] Group 2: Resource Reserves - The Baiyinda Mine has a total ore volume of 8.034 million tons, with silver metal reserves of 1,433 tons at an average grade of 221.96 grams per ton; lead metal reserves of 149,321 tons at an average grade of 2.46%; and zinc metal reserves of 294,903 tons at an average grade of 4.10% [1] - The associated silver-lead-zinc ore reserves in the Baiyinda Mine include an ore volume of 2.84 million tons, with silver metal reserves of 87 tons at an average grade of 54.65 grams per ton; lead metal reserves of 8,212 tons at an average grade of 0.53%; and zinc metal reserves of 5,842 tons at an average grade of 0.69% [1]

证券代码：000603 证券简称：盛达资源 公告编号：2026-005 盛达金属资源股份有限公司 关于子公司银都矿业矿业权整合进展 暨取得新采矿许可证的公告 一、矿业权整合进展情况 盛达金属资源股份有限公司（以下简称"公司"）控股子公司内蒙古银都矿 业有限责任公司（以下简称"银都矿业"）于近日完成拜仁达坝银多金属矿采矿 权（矿区面积：5.1481 平方公里）和外围拜仁达坝银多金属矿普查探矿权（勘查 面积：1.43 平方公里）的部分整合工作，并收到赤峰市自然资源局颁发的拜仁达 坝银多金属矿《不动产权证书（采矿权）》《采矿许可证》和拜仁达坝银多金属矿 普查《不动产权证书（探矿权）》。具体情况如下： | 证号 | DC1000002010114210083474 | | --- | --- | | 矿山名称 | 内蒙古银都矿业有限责任公司拜仁达坝银多金属矿 | | 矿山地址 | 赤峰市克什克腾旗 | | 面积 | 5.5395 平方公里 | | 不动产单元号 | 150400803000GM00053W00000000 | | 开采深度 | 米至 米标高 1433.0000 760.0000 | | 开采主矿种 | ...

Group 1 - The core point of the article is that Shengda Resources (000603) reported a total of 44,938 shareholders as of January 9, 2026 [1]

Investment Rating - The report maintains a "Buy" rating for the precious metals sector, highlighting strong growth potential for key companies in the industry [4][5]. Core Insights - The report emphasizes that gold prices are expected to rise due to a combination of factors including a weakening U.S. economy, ongoing interest rate cuts, and increased demand from central banks [10][11]. - Silver is noted for its dual attributes as both an industrial and financial asset, with expectations for a price rebound driven by industrial demand, particularly in photovoltaic applications [11][10]. Summary by Sections 1. U.S. Economic Outlook - The U.S. economy is facing downward pressure, with a notable increase in unemployment rates and a decline in consumer confidence [19][26]. - The Federal Reserve is likely to continue its rate-cutting cycle, which historically correlates with rising gold prices [29][35]. 2. Sovereign Currency Credit Decline - Central banks have significantly increased gold purchases as a hedge against declining currency credit, with global central bank gold buying exceeding 1,000 tons annually for three consecutive years [8][61]. - The report indicates that the expansion of central bank balance sheets has led to a devaluation of fiat currencies, further supporting gold prices [61][66]. 3. Geopolitical Issues and Investment Demand - Geopolitical tensions and trade policies have heightened risk aversion, leading to increased investments in gold [10][11]. - The report notes a surge in ETF holdings and trading activity in gold, reflecting strong demand from emerging market investors [11][10]. 4. Silver Market Dynamics - Silver's industrial demand, particularly in solar energy, is expected to grow, creating a supply-demand gap that could drive prices higher [11][10]. - The report highlights the historical inverse relationship between the gold-silver ratio and PMI, suggesting potential for silver price increases [11][10]. 5. Investment Recommendations - The report recommends several companies in the precious metals sector, including Zijin Mining International, China National Gold, and Western Gold, among others, as having strong growth prospects [4][11].

Core Viewpoint - The company's performance is significantly influenced by the price fluctuations of its main products, including silver, gold, lead, and zinc, which are international commodities [1] Group 1: Economic Influences - Commodity prices are affected by various factors such as economic environment, supply and demand dynamics, inflation, dollar trends, and geopolitical issues [1] - The company is focused on enhancing product development efficiency while continuously monitoring both domestic and international macroeconomic conditions and political environments [1] Group 2: Risk Management Strategies - The company formulates rigorous hedging strategies to mitigate the risk of product price declines, aiming to ensure stability in its annual operational performance [1] - As of 2025, the company has not engaged in hedging activities for its mining products [1]

Core Viewpoint - Shengda Resources has sufficient and stable cash flow, allowing the company to fund mine construction and external acquisitions using its own capital while also considering financing options from financial institutions or the secondary market based on funding needs for future development and acquisitions [1] Group 1 - The company is currently utilizing its own funds for mine construction and acquisitions [1] - Financing scale will depend on future capital requirements for mine development and acquisitions [1]

Group 1: Company Overview and Projects - The company has acquired two new mining projects, with a focus on the 460 Gaodi Copper-Molybdenum Mine, aiming for construction to start in 2027 [2][3] - The company is also advancing the development of the Miaohuang Copper-Lead-Zinc-Silver Mine and ongoing exploration in the Huapeng-Na Yi and Huahou-Huayi mining areas in Guangxi [3][4] Group 2: Production and Capacity Expansion - After the official production of the Caiyuzi Copper-Gold Mine, the company expects an increase in gold and copper output [4] - The Dongsheng Mining's Bayannur Silver-Polymetallic Mine is projected to produce 250,000 tons/year, contributing to growth in silver, lead, and zinc output [4] - The company plans to gradually increase production capacity at the Jinshan Mining to 480,000 tons/year, with potential for further expansion based on resource availability [4] Group 3: Strategic Acquisitions and Resource Management - The company is focused on fine-tuning production and management of existing mines while pursuing acquisitions of quality metal resources to ensure sustainable development [5] - Acquisitions are prioritized based on cost-effectiveness and risk management, with a target mine service life of over 15 years [5] Group 4: Financing and Risk Management - The company has stable cash flow and plans to use its own funds for mining construction and acquisitions, with potential financing from financial institutions based on future capital needs [6][7] - The company is developing a hedging strategy to mitigate risks associated with price fluctuations of major products like silver, gold, lead, and zinc, which are influenced by various economic factors [7]

Group 1 - The zinc sector has experienced a significant upward movement, with Zinc Industry Co., Ltd. hitting the daily limit increase [1] - Other companies in the sector, such as Hongda Co., Ltd., Luoping Zinc Electric, New Weiling, Shengda Resources, and Jinhui Co., Ltd., have also seen notable increases in their stock prices [1]

Core Viewpoint - Shengda Resources has experienced significant stock price increases in recent months, with a year-to-date rise of 28.84% and a 60-day increase of 68.67% [1] Group 1: Stock Performance - As of January 15, Shengda Resources' stock price was 39.89 CNY per share, with a market capitalization of 27.523 billion CNY [1] - The stock saw a net outflow of 20.86 million CNY in principal funds, with large orders accounting for 22.90% of purchases and 25.54% of sales [1] - Over the past five trading days, the stock has increased by 21.95%, and over the past 20 days, it has risen by 37.69% [1] Group 2: Financial Performance - For the period from January to September 2025, Shengda Resources reported revenue of 1.652 billion CNY, representing a year-on-year growth of 18.29% [2] - The net profit attributable to shareholders for the same period was 323 million CNY, showing a significant increase of 61.97% year-on-year [2] Group 3: Shareholder Information - As of December 31, the number of shareholders for Shengda Resources was 42,100, an increase of 19.81% from the previous period [2] - The average number of circulating shares per shareholder decreased by 16.53% to 15,836 shares [2] - The company has distributed a total of 1.298 billion CNY in dividends since its A-share listing, with 120 million CNY distributed in the last three years [3]

公司发布的三季报数据显示，前三季度公司共实现营业收入16.52亿元，同比增长18.29%，实现净利润 3.23亿元，同比增长61.97%，基本每股收益为0.4676元，加权平均净资产收益率10.09%。（数据宝） （文章来源：证券时报网） 证券时报·数据宝统计显示，盛达资源所属的有色金属行业，目前整体涨幅为2.51%，行业内，目前股价 上涨的有123只，涨幅居前的有翔鹭钨业、湖南白银、锡业股份等，涨幅分别为10.03%、9.98%、 7.90%。股价下跌的有15只，跌幅居前的有国城矿业、西部材料、中矿资源等，跌幅分别为6.34%、 3.34%、1.40%。 两融数据显示，该股最新（1月13日）两融余额为6.07亿元，其中，融资余额为6.04亿元，近10日增加 1.04亿元，环比增长20.78%。 盛达资源股价创出历史新高，截至10:17，该股上涨6.33%，股价报40.96元，成交量2170.88万股，成交 金额8.65亿元，换手率3.26%，该股最新A股总市值达282.61亿元，该股A股流通市值273.09亿元。 ...