图片来 源：洛阳钼业官网 洛阳钼业(603993.SH)"闪电"完成巴西金矿项目收购交易。 1月25日，洛阳钼业发布消息称，公司于2025年12月15日宣布此项交易，计划以最高10.15 亿美元收购加 拿大Equinox Gold公司在巴西的Aurizona 金矿、RDM 金矿及Bahia综合体三项金矿资产(四座矿山)的 100%权益。随着协议约定的先决条件全部实现或豁免，该交易已于1月23日正式完成。 本次收购的金矿资产，包含黄金资源量501.3万盎司(约156吨)，平均品位1.88克/吨；黄金储量387.3万盎 司(约120吨)，平均品位1.45克/吨。该公司预计，该资产今年将实现6–8吨黄金的产量。 洛阳钼业董事长兼首席投资官刘建锋介绍称，本次交易从宣布到交割仅用时40天。下一步，公司将加快 管理整合，推动项目进一步释放产能并兑现价值。 2025年6月，洛阳钼业曾完成对厄瓜多尔奥丁金矿的并购，正式布局黄金资源。据其介绍，目前厄瓜多 尔奥丁金矿正在前期设计中，待投产后公司黄金年产量将突破20吨。 洛阳钼业表示，公司持续看好黄金市场前景，目前正在积极寻找更多扩张机会。公司于1月19日发行12 亿美金可转债， ...

Key Points - Luoyang Molybdenum has completed the delivery of its Brazilian gold mine project, expecting to produce 6-8 tons of gold this year [1] - Zhaojin Mining anticipates a net profit of 122 million to 182 million yuan in 2025, marking a turnaround from losses [1] - Hunan Gold expects a year-on-year net profit increase of 50%-90% in 2025, driven by rising sales prices of gold, antimony, and tungsten products [1] - Hunan Gold plans to acquire 100% equity of Golden Tianyue and Zhongnan Smelting, which are involved in gold mining and sales [1] - Cangge Mining's affiliate, Julong Copper, has completed the construction and production of its second phase of the Julong Copper Mine [1] - Zijin Mining has also completed the construction and production of the second phase of the Julong Copper Mine [1] - Lens Technology has achieved bulk supply in the commercial aerospace sector and has developed ultra-thin photovoltaic glass modules for extreme space conditions [1] - Yiwei Lithium Energy has partnered with several leading companies in the commercial rocket and satellite sectors to provide aerospace battery products and solutions [1] - Zhonglai Co. is actively advancing the independent research and development of photovoltaic products for diverse applications, including space [1] - Yongjie New Materials plans to acquire 100% equity of Aokening Qinhuangdao and 95% equity of Aokening Kunshan, which is expected to constitute a major asset restructuring [1] Performance - Xinqianglian expects a year-on-year net profit increase of 1093%-1307% in 2025 [2] - Xiandai Intelligent anticipates a year-on-year net profit increase of 424%-529%, with a rapid recovery in order scale [2] - Shenkong Co. forecasts a year-on-year net profit increase of 119%-167%, driven by increased operating rates of storage chip factories [2] - Shannon Chip expects a year-on-year net profit increase of 82%-135%, with growth in enterprise-level storage product sales [2] - Zhongwei Semiconductor anticipates a year-on-year net profit increase of approximately 107.55%, with expanded shipment volume and revenue share of 32-bit MCUs [2] - Haozhi Electromechanical expects a year-on-year net profit increase of 54%-99%, with significant sales growth in PCB processing equipment and various spindle products [2] - Zhongwei Company forecasts a year-on-year net profit increase of 29%-35%, with a notable increase in the shipment of high-end products for advanced logic and memory device manufacturing [2] - China Merchants Bank reported a net profit of 150.181 billion yuan for 2025, a year-on-year increase of 1.21% [2]

1月25日，洛阳钼业发布消息称，公司于2025年12月15日宣布此项交易，计划以最高10.15 亿美元收购加 拿大Equinox Gold公司在巴西的Aurizona 金矿、RDM 金矿及Bahia综合体三项金矿资产(四座矿山)的 100%权益。随着协议约定的先决条件全部实现或豁免，该交易已于1月23日正式完成。 本次收购的金矿资产，包含黄金资源量501.3万盎司(约156吨)，平均品位1.88克/吨；黄金储量387.3万盎 司(约120吨)，平均品位1.45克/吨。该公司预计，该资产今年将实现6–8吨黄金的产量。 洛阳钼业(603993.SH)"闪电"完成巴西金矿项目收购交易。 近两年，国际黄金价格持续大涨，带动中国矿企全球买矿。 2025年4月，紫金矿业(601899.SH/02899.HK)发布消息称，已正式完成对美国纽蒙特公司旗下加纳阿基 姆(Akyem)金矿项目的收购，收购价达10亿美元。同年10月，紫金矿业宣布，其控股子公司紫金黄金国 际有限公司完成对哈萨克斯坦Raygorodok金矿项目的收购交割，现已持有该金矿100%权益。 盛屯矿业(600711.SH)此前也曾公告称，公司拟1.9亿美元收购 ...

Group 1 - Luoyang Molybdenum Co., Ltd. completed the acquisition of three gold mining assets in Brazil from Equinox Gold, including Aurizona, RDM, and Bahia, in just 40 days [1] - The acquired gold assets contain a total gold resource of 5.013 million ounces with an average grade of 1.88 grams per ton, and gold reserves of 3.873 million ounces with an average grade of 1.45 grams per ton [1] - The company expects the acquired assets to contribute 6 to 8 tons of gold production by 2026, enhancing its "copper + gold" strategy [1] Group 2 - Luoyang Molybdenum's chairman highlighted the company's operational experience in Brazil and its advantages in management and technology, which facilitated the efficient execution of the acquisition [1] - The company issued $1.2 billion in H-share convertible bonds to secure funding for future acquisitions and strengthen its resource acquisition capabilities [1] - The company is also focused on integrating management and further enhancing project capacity to realize value [1] Group 3 - The copper sector reports from various securities firms suggest that Luoyang Molybdenum is a noteworthy investment target due to its rich copper resource reserves [2] - The company is involved in the exploration, mining, smelting, processing, and trading of various minerals, including copper, cobalt, molybdenum, tungsten, niobium, phosphorus, and gold [3] - Other companies in the gold sector include Zijin Mining Group, which plans to produce 105 tons of gold in 2026, and Shandong Gold Mining, focusing on gold exploration and production [3][4]

Core Viewpoint - Luoyang Molybdenum's acquisition of Brazilian gold mines for up to $1.015 billion was completed on January 23, 2026, showcasing the company's rapid execution in cross-border mining mergers and acquisitions [1] Group 1: Acquisition Details - The Brazilian gold mines acquired are operational projects expected to contribute 6 to 8 tons of gold production in 2026, enhancing the company's resource reserves [1] - The acquisition includes 100% equity of three gold mine assets: Aurizona, RDM, and Bahia, with a total gold resource of 5.013 million ounces and an average grade of 1.88 grams per ton [1] - The transaction was completed in just 40 days from signing to closing, indicating efficient deal execution [1] Group 2: Future Production and Strategy - The company aims to achieve over 20 tons of annual gold production from the Brazilian and Ecuadorian mines, with a goal of significant growth in gold production by 2030 [1] - Luoyang Molybdenum plans to maintain a "copper and gold parallel" strategy, focusing on both gold and copper resource acquisition [1] - The company has confidence in the future gold price trends and has issued $1.2 billion in convertible bonds to support further acquisitions [1] Group 3: Cost Control and Efficiency - Post-acquisition, the company sees potential for cost reduction and efficiency improvements in various operational aspects, leveraging China's supply chain advantages [1] - The company aims to keep copper and gold project costs within the industry's 50th percentile, ensuring sufficient cash flow regardless of price fluctuations [1] - Luoyang Molybdenum's copper production reached 741,149 tons in 2025, a 9,000-ton increase from 2024, with a target of 760,000 to 820,000 tons for 2026 [1]

Core Viewpoint - Luoyang Molybdenum's acquisition of Brazilian gold mining assets for up to $1.015 billion is expected to enhance its gold production capacity significantly, with an estimated output of 6 to 8 tons in 2026, contributing to the company's resource reserves and profitability [2][3][4]. Group 1: Acquisition Details - The acquisition was completed on January 23, 2026, just 40 days after the signing on December 15, 2025, demonstrating the efficiency of Luoyang Molybdenum in cross-border mining mergers [2][3]. - The acquired Brazilian gold mines have a total gold resource of 5.013 million ounces and a gold reserve of 3.873 million ounces, with an average grade of 1.88 grams per ton [4]. - The company anticipates that the Brazilian and Ecuadorian gold mines will collectively yield over 20 tons of gold annually, with a goal of significant growth in production capacity by 2030 [4][5]. Group 2: Cost Control and Efficiency - Post-acquisition, the company sees potential for cost reduction and efficiency improvements in various operational areas, leveraging China's supply chain advantages [4][5]. - The acquisition is expected to provide a short investment payback period and strong economic benefits due to the large resource base and mature processing technology [3][4]. Group 3: Market Outlook and Strategy - Luoyang Molybdenum remains optimistic about future gold prices and plans to maintain a "copper and gold" strategy, focusing on both metals rather than prioritizing one over the other [5][7]. - The company issued $1.2 billion in convertible bonds to secure funding for future acquisitions, aiming to strengthen its resource acquisition capabilities and ensure long-term stability in its gold business [6][7]. - The company achieved a copper production of 741,149 tons in 2025, a 9,000-ton increase from 2024, and aims for a copper output of 760,000 to 820,000 tons in 2026 [7][8].

本报记者 肖艳青 1月25日晚间，洛阳栾川钼业集团股份有限公司（以下简称"洛阳钼业"）发布公告称，于1月23日完成对 此前披露的巴西金矿项目的收购交割，此次并购仅用时40天，预计该资产今年将实现6吨至8吨黄金的产 量。 公告显示，洛阳钼业于2025年12月15日披露，计划以最高10.15亿美元收购加拿大Equinox Gold公司在巴 西的Aurizona金矿、RDM金矿及Bahia综合体三项金矿资产（四座矿山）的100%权益。 此次收购的金矿资产资源量可观，包含黄金资源量501.3万盎司，平均品位1.88克/吨；黄金储量387.3万 盎司，平均品位1.45克/吨。 洛阳钼业表示，上述金矿资源量较大，基础设施完善，选矿工艺成熟，盈利能力较强，收购完成即可为 公司贡献产量和利润，预期投资回报期短，经济效益良好。 洛阳钼业董事长兼首席投资官刘建锋表示："依托公司在巴西近十年的深耕运营经验以及在管理、技术 和协同方面的综合优势，我们实现了高效推进和快速落地。下一步，公司将加快管理整合，推动项目进 一步释放产能并兑现价值。" 盘古智库（北京）信息咨询有限公司高级研究员余丰慧在接受《证券日报》记者采访时表示，洛阳钼业 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. has rapidly completed the acquisition of four operating gold mines in Brazil, marking a significant strategic expansion in its gold business following a recent acquisition of a gold mine in Ecuador [2][4]. Group 1: Acquisition Details - The company announced on December 25, 2025, that its subsidiary CMOC Limited would acquire 100% equity of three gold mine assets from Equinox Gold for a total consideration of $1.015 billion, including $900 million at closing and up to $115 million contingent on gold sales in the first operational year [2][3]. - The acquisition includes four operating gold mines: Aurizona, Bahia Complex (including Fazenda and Santa Luz), and RDM, with a total gold resource of 5.013 million ounces and reserves of 3.873 million ounces [3][4]. Group 2: Strategic Importance - This acquisition is part of Luoyang Molybdenum's strategy to establish a dual-resource system focusing on copper and gold, enhancing its resource portfolio significantly [4][5]. - The company expects the newly acquired gold mines to contribute to production and profits immediately, with a projected annual gold output of 6-8 tons in 2026, aligning with its production goals [4][5]. Group 3: Financial Performance - Luoyang Molybdenum anticipates a net profit of RMB 20 billion to 20.8 billion for the year 2025, representing a year-on-year increase of 47.80% to 53.71%, marking the first time the company surpasses the RMB 20 billion profit threshold since its A-share listing in 2012 [4][5]. - The company reported a significant increase in copper production for 2025, reaching 741,149 tons, exceeding its production guidance by 18% [5].

（编辑 丛可心） 证券日报网讯 1月25日，洛阳钼业发布公告称，公司完成收购EquinoxGoldCorp.旗下Aurizona金矿、 RDM金矿、Bahia综合矿区100%权益，交割于北京时间2026年1月23日完成，合计黄金资源量501.3万盎 司、储量387.3万盎司，预计2026年黄金年化产量6吨-8吨。 ...

Core Viewpoint - Company completed the acquisition of 100% equity in Aurizona Gold Mine, RDM Gold Mine, and Bahia Complex from Equinox Gold Corp, enhancing its gold resource portfolio and operational capabilities [1] Group 1: Acquisition Details - The acquisition was finalized on January 23, 2026, after all conditions stipulated in the agreement were met or waived [1] - The acquired gold assets contain a total gold resource of 5.013 million ounces with an average grade of 1.88 g/t, and gold reserves of 3.873 million ounces with an average grade of 1.45 g/t [1] Group 2: Operational and Financial Impact - The company has successfully operated its niobium-phosphate project in Brazil for nearly ten years, leveraging operational experience and synergies to expedite the acquisition process [1] - The acquired gold mines are expected to contribute significantly to the company's production and profits, with an anticipated annual gold production of 6-8 tons in 2026, supporting the company's gold production targets and enhancing resource reserves [1]