Core Viewpoint - The company emphasizes exploration and resource acquisition as key focuses, aiming to actively pursue mergers and acquisitions of high-quality metal resources such as silver, gold, and copper [1] Group 1: Strategic Focus - The company plans to prioritize exploration and resource acquisition, particularly in high-quality metal projects [1] - Future mergers and acquisitions will target projects with a mine service life requirement of over 15 years [1] - The company aims to achieve controlling stakes in acquired projects to meet investment expectations [1] Group 2: Market Considerations - The company will consider price factors and align its strategies with industry cycles to expedite production [1] - The company has stated it will not engage in high-priced acquisitions of mining resources [1]

Group 1: Company Overview and Production Expectations - The company anticipates an increase in gold and copper metal production following the official launch of the Honglin Mining Caiyuzi Copper Gold Mine [2] - The Dongsheng Mining Bayannaoer Silver Multi-Metal Mine is projected to contribute an additional 250,000 tons/year of mining capacity upon completion [2] - The Jinshan Mining production capacity is expected to gradually increase to an approved scale of 480,000 tons/year, leading to higher silver and gold metal output [2] Group 2: Resource Acquisition and Management - The company is actively pursuing mergers and acquisitions of high-quality metal resources to enhance its mineral resource reserves [3] - The Jinshi Mining copper-molybdenum mine's production capacity will be determined post-approval of mining rights and safety certifications [4] - The company emphasizes the importance of resource exploration and acquisition as a key focus for sustainable development [6] Group 3: Financial Strategy and Dividends - Future dividend policies will be based on industry characteristics, development stages, operational models, profitability, debt repayment capabilities, and investor returns [9] - The company is considering overseas acquisitions but will proceed cautiously, ensuring stability in current projects before expanding internationally [10] Group 4: Stakeholder Engagement and Governance - The company has completed the acquisition of a 60% stake in Jinshi Mining, with the remaining 40% held by four individual shareholders [5] - A board of directors will be established for Jinshi Mining, consisting of three members, with two appointed by the company [5]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002171 | 楚江新材 | 13.00 | 4.08% | 144.40万 | | 18.60亿 | | 300337 | 银邦股份 | 13.52 | 3.60% | 91.14万 | | 12.20亿 | | 605208 | 永成泰 | 13.26 | 3.43% | 5.72万 | | 7473.22万 | | 002540 | 亚太科技 | 7.01 | 2.79% | 1 35.28万 | | 2.44亿 | | 601702 | 华峰铝业 | 21.07 | 2.73% | 8.83万 | | 1.83亿 | | 002824 | 和胜股份 | 19.13 | 2.63% | 8.43万 | | 1.60亿 | | 600362 | 江西铜业 | 43.92 | 1.90% | 59.65万 | | 25.79亿 | | 600768 | 宁波富邦 | 13.48 | 1.35% | 2.80万 | | 3747. ...

（文章来源：每日经济新闻） 每经AI快讯，12月25日，早盘贵金属板块震荡走弱，浩通科技、贵研铂业、盛达资源、白银有色、国 城矿业均跌超5%，湖南黄金、山东黄金、西部黄金等跟跌。 ...

Group 1 - Precious metals experienced a significant surge recently, with spot gold reaching a historical high of $4,525 per ounce, spot silver surpassing $70 per ounce for the first time, and spot platinum breaking $2,300 per ounce [1] - Following the sharp increase, there was a collective pullback in precious metals, with spot gold dropping to $4,448 per ounce, spot silver to $70.1 per ounce, and spot palladium to $1,676 per ounce [1] - Analysts attribute the recent surge in precious metals to a combination of expectations for liquidity easing, geopolitical instability, and structural supply-demand imbalances [1] Group 2 - Affected stocks in the A-share market saw declines, with Guoyan Platinum down 5.76%, Yinxing Nonferrous down 5.26%, and Shengda Resources down 4.62% [2] - Other notable declines included Guocheng Mining down 4.56%, CITIC Metal down 3.70%, and Hunan Silver down 3.56% [2] - Year-to-date performance shows significant gains for some companies, with Shengda Resources up 147.97% and Yinxing Nonferrous up 100.72% [2]

盛达资源今年以来股价涨147.35%，近5个交易日跌4.88%，近20日涨16.89%，近60日涨28.32%。 今年以来盛达资源已经2次登上龙虎榜，最近一次登上龙虎榜为10月14日，当日龙虎榜净买入-9567.84 万元；买入总计1.53亿元 ，占总成交额比10.73%；卖出总计2.49亿元 ，占总成交额比17.43%。 12月25日，盛达资源盘中下跌5.04%，截至09:35，报29.41元/股，成交2.16亿元，换手率1.10%，总市值 202.92亿元。 资金流向方面，主力资金净流出194.32万元，特大单买入2177.25万元，占比10.08%，卖出2429.54万 元，占比11.24%；大单买入3684.81万元，占比17.05%，卖出3626.85万元，占比16.78%。 责任编辑：小浪快报 盛达资源所属申万行业为：有色金属-工业金属-铅锌。所属概念板块包括：年度强势、黄金股、有色 铜、钴镍、金属铅等。 截至12月19日，盛达资源股东户数3.51万，较上期减少3.38%；人均流通股18973股，较上期增加 3.50%。2025年1月-9月，盛达资源实现营业收入16.52亿元，同比增长18.29% ...

证券日报网讯 12月24日，盛达资源在互动平台回答投资者提问时表示，中国证券登记结算有限责任公 司未下发2025年12月20日的股东名册，根据中国证券登记结算有限责任公司提供的数据，截至2025年12 月19日，公司股东人数为35139户。 （编辑 姚尧） ...

资料显示，盛达金属资源股份有限公司位于北京市丰台区南方庄158号盛达大厦2层，成立日期1995年6 月22日，上市日期1996年8月23日，公司主营业务涉及含银铅精粉、锌精粉的生产销售和有色金属贸 易。主营业务收入构成为：铅精粉(含银)46.04%，有色金属贸易23.91%，锌精粉(含银)20.44%，再生新 能源金属5.26%，银锭2.28%，其他1.05%，黄金1.02%。 中银顺泽回报一年持有期混合A（011044）基金经理为林炎滨、贺大路。 截至发稿，林炎滨累计任职时间4年124天，现任基金资产总规模168.68亿元，任职期间最佳基金回报 16.64%， 任职期间最差基金回报0.89%。 贺大路累计任职时间2年204天，现任基金资产总规模13.96亿元，任职期间最佳基金回报13%， 任职期 间最差基金回报0.08%。 从基金十大重仓股角度 数据显示，中银基金旗下1只基金重仓盛达资源。中银顺泽回报一年持有期混合A（011044）三季度持 有股数30.26万股，占基金净值比例为0.59%，位居第六大重仓股。根据测算，今日浮盈赚取约46.6万 元。 中银顺泽回报一年持有期混合A（011044）成立日期202 ...

Core Insights - The company, Shengda Metal Resources Co., Ltd., held a specific object research meeting on December 23, 2025, attended by institutions including Fidelity International, Huafu Securities, and Heju Investment, discussing key topics such as mining operations, resource integration, expansion plans, and strategic planning [1][2] Mining Operations and Expansion - The focus of the research was on the mining production operations, with detailed explanations provided on cost control, production planning, and technological improvements at major mines [3] - Yindu Mining, the longest-operating mine, maintains strong profitability with the lowest silver production costs among the company's active mines. Although its licensed production capacity is 900,000 tons/year, the actual annual output is currently around 500,000 to 600,000 tons due to increased mining depth. As of November 30, 2023, proven resources include 20,912 tons of silver and 41,874 tons of zinc [3] - The company is working on integrating exploration rights with existing mining rights to expedite the acquisition of new mining licenses and commence mining operations [3] - Jinshan Mining's technological improvements have led to significant enhancements in silver and gold recovery rates, with plans to gradually increase capacity to 480,000 tons/year [3] - Honglin Mining's Caiyuzi copper-gold mine, currently in trial production, is expected to become a new growth point for gold and copper output due to its advantageous cost structure [4] Resource Integration and Exploration Progress - The company is making positive progress in resource reserves and integration, with the Dongsheng Mining Bayannur silver polymetallic mine project accelerating towards completion by 2026, expected to significantly boost silver production [5] - The resource reserves of the Jinshi Mining I copper-molybdenum mine have been confirmed, and the company is in the process of converting exploration rights to mining rights [5] - Deyun Mining, as a reserve mine, holds a mining right with a production capacity of 900,000 tons/year and is advancing further exploration and procedural work [5] Financial and Strategic Planning - Over the past three years (2022-2024), the company has distributed a total cash dividend of 120 million yuan, representing 40.03% of the average annual net profit [6] - The company plans to focus future acquisitions on high-quality primary mineral resources such as silver, gold, and copper, aiming for controlling stakes in mines with a service life of over 15 years [6] - The company emphasizes the importance of resource management and plans to enhance existing mining operations, increase exploration efforts, and accelerate resource development to ensure sustainable growth [6]

Group 1: Mining Operations and Production Capacity - Yindu Mining's Baiyinda Silver Polymetallic Mine has a production scale of 900,000 tons/year, maintaining good profitability and cost control, with silver production costs being the lowest among the company's operating mines [2][3] - The average annual production of Yindu Mining is currently around 500,000 to 600,000 tons due to increased mining difficulty [2] - Jinshan Mining's production capacity is expected to gradually increase to 480,000 tons/year following the completion of technical upgrades [4] - Honglin Mining's Caiyuanzi Copper-Gold Mine has a licensed production scale of 396,000 tons/year, currently in trial production [6] Group 2: Resource Exploration and Future Plans - Yindu Mining is working on integrating mining rights with an additional exploration area of 1.43 square kilometers, aiming to obtain a new mining license [3] - The company plans to expand production capacity for both Guangda Mining and Jindu Mining, each currently at a licensed production scale of 300,000 tons/year and operating at full capacity [5] - The company is focusing on acquiring quality metal resources with a service life of over 15 years for future mergers and acquisitions [15] Group 3: Financial Performance and Dividend Policy - The total cash dividend for the last three accounting years (2022-2024) amounts to ¥120,436,535.55, representing 40.03% of the average annual net profit [11][12] - The company will consider various factors, including industry characteristics and operational models, when formulating future dividend policies [12] Group 4: Sales Strategy and Pricing - The company's sales channels primarily include smelters and metal processing enterprises, with pricing based on average market prices from Shanghai Gold Exchange and other platforms [10] - The pricing for silver and gold content in lead and zinc concentrates is determined based on assay results and agreed coefficients in contracts [10] Group 5: Capital Expenditure and Financing - The company has stable cash flow and plans to use its own funds for mining construction while also considering financing options from financial institutions [16] - There are intentions to finance through acquisition loans and project loans as needed [16] Group 6: Future Production Estimates - The expected silver production from Dongsheng Mining's Bayannur Silver Polymetallic Mine is projected to increase once the construction is completed [7][8] - The anticipated gold production will also rise following the official production commencement of Honglin Mining's Caiyuanzi Copper-Gold Mine [9]