Core Viewpoint - Zijin Mining has experienced a stock price increase of 5.01% on December 22, reaching 32.68 CNY per share, with a trading volume of 2.715 billion CNY and a turnover rate of 0.41%, resulting in a total market capitalization of 868.952 billion CNY. The stock has risen for three consecutive days, with a cumulative increase of 2.64% during this period [1] Group 1: Company Overview - Zijin Mining Group Co., Ltd. is located at multiple addresses in Fujian Province and was established on September 6, 2000, with its listing date on April 25, 2008. The company primarily engages in mineral resource exploration and development [1] - The revenue composition of Zijin Mining includes smelting products at 60.94%, mineral products at 36.48%, other revenues at 16.83%, and trading at 8.02% [1] Group 2: Fund Holdings - According to data from the top ten holdings of funds, Ruiyuan Fund has a significant position in Zijin Mining, with its Ruiyuan Steady Configuration Two-Year Holding Mixed A Fund (014362) holding 1.9 million shares, accounting for 1.2% of the fund's net value, ranking as the eighth largest holding. The fund has realized a floating profit of approximately 2.964 million CNY today, with a floating profit of 1.52 million CNY during the three-day increase [2] - The Ruiyuan Steady Configuration Two-Year Holding Mixed A Fund was established on December 6, 2021, with a current scale of 3.106 billion CNY. Year-to-date returns are 15.76%, ranking 4832 out of 8170 in its category, while the one-year return is 16.22%, ranking 4579 out of 8139. Since inception, the fund has achieved a return of 21.51% [2] Group 3: Fund Manager Information - The fund managers of Ruiyuan Steady Configuration Two-Year Holding Mixed A Fund are Rao Gang and Hou Zhenxin. Rao Gang has a cumulative tenure of 19 years and 350 days, managing a total fund size of 4.651 billion CNY, with the best fund return during his tenure being 158.46% and the worst being 0.67% [3] - Hou Zhenxin has a cumulative tenure of 2 years and 339 days, managing a total fund size of 28.437 billion CNY, with the best fund return during his tenure being 26.47% and the worst being 16.8% [3]

Core Viewpoint - The A-share market has shown significant recovery, with over 4,400 stocks rising, particularly in the non-ferrous metals sector, where the Non-Ferrous 50 ETF (159652) increased by 1.76% [1] Non-Ferrous Metals Sector Performance - The majority of the Non-Ferrous 50 ETF constituent stocks experienced gains, with notable increases such as Yun Aluminum Co. (000807) rising by 6.48%, and other companies like Northern Rare Earth, Huayou Cobalt, and China Aluminum seeing increases of over 3% [3] - The top ten constituent stocks of the Non-Ferrous 50 ETF include companies like Sanfour New Materials, Jialong Aluminum, and Northern Rare Earth, with varying performance metrics [4] Domestic and International News Impact - A significant domestic discovery of a giant underwater gold mine in Laizhou City, with proven gold reserves exceeding 3,900 tons, accounting for approximately 26% of the national total [5] - Internationally, U.S. inflation data showed a lower-than-expected increase in the core Consumer Price Index (CPI), leading to heightened expectations for Federal Reserve interest rate cuts, which positively influenced global commodity markets [6] Characteristics and Importance of Non-Ferrous Metals - Non-ferrous metals encompass all metals excluding ferrous metals, including precious metals (gold), industrial metals (copper, aluminum), energy metals (lithium), and rare earths, playing a crucial role in the economy [8] - Copper is highlighted as a key industrial metal, often referred to as the "doctor of the economy," and is increasingly recognized as essential in the AI era [9] Investment Outlook for Precious Metals - The outlook for gold remains positive due to factors such as declining real interest rates, ongoing central bank purchases, and the potential for a global debt crisis reshaping economic order [12][14] - Predictions indicate that gold prices could exceed $4,500 per ounce in the first quarter of next year, with long-term forecasts suggesting prices could reach $5,000 to $6,000 by 2026 [15] Copper Market Dynamics - The copper market is characterized by both supply rigidity and vulnerability, with increasing demand driven by traditional and emerging sectors, including AI and renewable energy [16] - Forecasts indicate a growing global copper supply-demand gap, with prices expected to rise significantly, potentially reaching $12,000 per ton by the end of the year [19] Non-Ferrous 50 ETF Advantages - The Non-Ferrous 50 ETF (159652) offers comprehensive exposure to various metal sectors, with a high concentration of copper (31%) and gold (14%), making it a leading choice for investors [21] - The ETF has demonstrated superior performance with a cumulative return leading its peers, driven by earnings rather than valuation expansion, indicating a strong investment experience [22][23]

智通财经APP讯，紫金矿业(02899)发布公告，本公司日期为2025年12月15日的公告所披露根据A股限制 性股票激励计划回购注销1.02万股A股限制性股票，并于2025年12月18日完成办理注销手续。 ...

Core Viewpoint - Zijin Mining (601899)(02899) announced the repurchase and cancellation of 10,200 A-share restricted stocks under its incentive plan, with the cancellation procedures completed on December 18, 2025 [1] Group 1 - The company disclosed the repurchase of 10,200 A-share restricted stocks [1] - The announcement was made on December 15, 2025 [1] - The cancellation of the stocks was finalized on December 18, 2025 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 紫金礦業集團股份有限公司 呈交日期： 2025年12月18日 FF305 確認 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) 601899 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前 ...

格隆汇12月16日丨紫金矿业(02899.HK)发布公告，若干董事及高级管理人员已于2023年股票期权激励计 划的第一个行权期内行使其股票期权。有关股份(即255万股股份)于2025年12月15日发行，公司于2025 年12月16日收到相关通知。 ...

智通财经APP讯，紫金矿业(02899)发布公告，若干董事及高级管理人员已于2023年股票期权激励计划的 第一个行权期内行使其股票期权。255万股股份于2025年12月15日发行。 ...

紫金矿业（601899）(02899)发布公告，若干董事及高级管理人员已于2023年股票期权激励计划的第一 个行权期内行使其股票期权。255万股股份于2025年12月15日发行。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 紫金礦業集團股份有限公司 呈交日期： 2025年12月16日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 A | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) 601899 | 說明 | | | | | A. 已發行股份或庫存股份變動 | | | | | | 事件 | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | 佔有關事件前的現有已發 已發行股份（不包括庫存股份）數 行股份（不包括庫存股 目 份）數目百分比 (註 ...

Group 1 - CMOC Limited, a subsidiary of Luoyang Molybdenum, plans to acquire 100% equity of Leagold LatAm Holdings B.V. and Luna Gold Corp. for $1.015 billion (approximately 7.156 billion RMB) to gain full ownership of Aurizona and RDM gold mines, as well as Bahia complex [1][2] - The funding for the acquisition will come from internal funds and bank loans, with $900 million to be paid at closing and up to $115 million in contingent cash payments linked to sales one year after closing [1] - The transaction is expected to be completed in Q1 2026, pending approval from Brazilian antitrust authorities and relevant Chinese regulatory bodies, and is projected to increase the company's annual gold production by 8 tons [1][2] Group 2 - Equinox Gold, the seller, is a Canadian gold mining company with multiple operating mines in Canada and the Americas, focusing on North American gold operations after divesting its Brazilian assets [2] - The acquired assets include four operating gold mines with a total gold resource of 5.013 million ounces and a gold reserve of 3.873 million ounces, with production guidance of 247,300 ounces in 2024 and 250,000 to 270,000 ounces in 2025 [2] - Luoyang Molybdenum's chairman expressed confidence in the long-term market prospects for gold assets, emphasizing the strategic importance of this acquisition in enhancing the company's resource layout in South America [2] Group 3 - Luoyang Molybdenum's net profit has significantly increased, with a 72.61% year-on-year growth in net profit to 14.28 billion RMB in the first three quarters of 2023, despite a 5.99% decline in revenue [3] - The company has been actively investing in gold assets, including a recent acquisition of Lumina Gold for 2.987 billion RMB to gain 100% of the Odin project in Ecuador, which is expected to start production by 2029 [3] - The rising gold prices, with COMEX gold up over 65% year-to-date, have prompted many mining companies to increase their investments in gold mines [3]