CTM(SH:600711) Zhi Tong Cai Jing·2025-10-14 13:39Group 1 - The company, Chengtun Mining (600711.SH), plans to acquire all issued and outstanding common shares of Canadian company Loncor at a price of CAD 1.38 per share, totaling approximately CAD 261 million, equivalent to USD 190 million or RMB 1.35 billion [1] - The acquisition aims to enhance the company's resource reserves, increase gold production capacity, and support strategic development plans [1] - The funding for the acquisition will come from the company's own or raised funds, and upon completion, the company will hold 100% equity in Loncor through its subsidiary Chengtun Gold Ontario Inc. [1] Group 2 - The Adumbi gold mine, located in the Ituri tropical rainforest in the Democratic Republic of Congo, features simple geological conditions suitable for both open-pit and underground mining [2] - The planned production capacity for the Adumbi mine is 3.6 million tons per year, with no adjacent mining rights or permanent structures within a 300-meter radius of the mining area [2]