CHIFENG GOLD(SH:600988) Sou Hu Cai Jing·2025-08-09 18:25Core Viewpoint - Chifeng Gold (600988) has seen a significant increase in stock price, rising 13.35% to 25.9 yuan as of August 8, 2025, with a total market capitalization of 49.221 billion yuan, ranking 4th in the precious metals sector and 300th in the A-share market [1][2]. Company Announcements Summary - Chifeng Gold's subsidiary, Liaoning Wulong Gold Mining Co., Ltd., has obtained a new mining license for the Haogou Gold Mine, with a production scale of 60,000 tons per year and a mining area of 3.4957 square kilometers, valid from July 28, 2025, to August 28, 2034 [1][2]. - The company has also expanded the mining rights for the Aohanqi Zhuanshanzi Gold Mine, increasing the mining area to 8.9166 square kilometers and maintaining a production scale of 60,000 tons per year, valid from July 31, 2025, to March 27, 2032 [2]. Resource Estimation Update - The first phase of resource exploration for the Laos Seiban Gold-Copper Mine SND project has been completed, revealing a total resource estimate of 93.7 million tons at a controlled level with an average grade of 0.57 grams per ton of gold and 0.27% copper [3]. - The total ore volume for the SND project is estimated at 131.5 million tons, with a gold equivalent grade of 0.81 grams per ton, translating to approximately 106.9 tons of gold equivalent metal [3]. - Preliminary metallurgical tests indicate that the ore is suitable for flotation, achieving overall recovery rates of 88% for gold and 88.5% for copper [3].