Group 1 - The total copper production of China Molybdenum Co., Ltd. (五矿资源) reached 127,000 tons in Q3 2025, an 11% increase year-on-year. Zinc production was 58,700 tons, up 26% compared to the same period last year [1] - Las Bambas mine ranked as the fifth largest copper mine globally, producing 102,900 tons of copper concentrate in Q3 2025, a 14% increase from Q3 2024, maintaining strong production momentum [1] - Kinsevere mine produced 14,800 tons of electrolytic copper, a 14% increase year-on-year, driven by the ramp-up of the Kinsevere Expansion Project [1] Group 2 - Khoemacau mine produced 9,084 tons of copper concentrate, a 16% decrease year-on-year, primarily due to lower ore extraction and grade [2] - Dugald River mine produced 48,100 tons of zinc concentrate, a 38% increase year-on-year, attributed to operational optimizations [2] - Rosebery mine produced 10,600 tons of zinc concentrate, an 8% decrease year-on-year, due to lower zinc grades related to mining sequence [2] Group 3 - MLB (Minera Las Bambas S.A.) distributed a second dividend of $687 million to shareholders, with China Molybdenum receiving $429 million, which will be used to repay debt and enhance financial flexibility [3] - On October 8, 2025, China Molybdenum completed the issuance of $500 million zero-coupon convertible bonds due in 2030, netting approximately $494 million after expenses [3] - The initial conversion price of the bonds is set at HKD 8.40 per share, with the potential to convert into approximately 463 million shares, representing 3.67% of the expanded share capital [3]
五矿资源(01208)：第三季度铜总产量12.7万吨 同比增长11%