CMOC(SH:603993) Sou Hu Cai Jing·2025-04-22 02:17Group 1 - Luoyang Molybdenum (603993.SH) plans to acquire all issued and unissued common shares of Canadian company Lumina Gold for approximately 581 million CAD (about 3.068 billion RMB) in cash [1] - Lumina Gold is a precious and base metals exploration company listed on the TSX Venture Exchange, fully owning the Cangrejos gold project located in Ecuador [1] - The Cangrejos project has a resource estimate of 1.376 billion tons with an average gold grade of 0.46 g/t, containing 638 tons of gold, and a reserve of 659 million tons with an average gold grade of 0.55 g/t, containing 359 tons of gold [1] Group 2 - The acquisition price translates to 1.27 CAD per share, representing a 41% premium over Lumina's closing price on April 17 [2] - Luoyang Molybdenum has signed a subscription agreement for 20 million USD in convertible bonds to support the ongoing operations of the Cangrejos project [2] Group 3 - The acquisition has received support from 52.3% of Lumina's shareholders and will proceed according to local public acquisition procedures [4] - Luoyang Molybdenum's revenue is projected to exceed 200 billion RMB for the first time in 2024, reaching 213 billion RMB, a 14% year-on-year increase [4] - The company reported a net profit of 13.5 billion RMB, a 64% increase year-on-year, and operating cash flow of 32.4 billion RMB, up 108% year-on-year [4] - In the first three quarters of this year, production of copper, cobalt, and niobium increased by 15.65%, 20.68%, and 4.39% respectively [4] - International gold prices have significantly risen, with COMEX gold futures at 3,463.7 USD/oz and London gold spot prices at 3,448.91 USD/oz as of April 22 [4]