Western Mining(SH:601168) Mei Ri Jing Ji Xin Wen·2025-10-28 00:55Core Viewpoint - Western Mining has successfully acquired exploration rights for the Chating copper polymetallic mine in Anhui Province for 8.609 billion yuan, which is expected to enhance the company's resource reserves and position in the non-ferrous metal industry [1][2][3]. Summary by Sections Acquisition Details - The exploration rights were won by the company's subsidiary, Tibet Yulong Copper Co., Ltd., on October 23, 2025, at a price of 8.609 billion yuan [1][2]. - The mine is located in Xuancheng City, Anhui Province, covering an area of 10.4470 square kilometers, with an initial exploration period of five years [3]. Resource Information - The mine is classified as a large porphyry copper-gold deposit, with confirmed copper metal content exceeding 1.7476 million tons [3]. - The industrial-grade copper ore amounts to 122 million tons, with a copper metal content of 656,700 tons and an average grade of 0.54% [3]. - Low-grade copper ore amounts to 450 million tons, with a copper metal content of 1.0909 million tons and an average grade of 0.24% [3]. - The mine also contains associated metals, including 248.07 tons of gold with an average grade of 0.43 grams per ton, as well as lead, zinc, silver, and sulfur [3]. Financial Impact - The acquisition will be funded by the company's own resources, and it is stated that this transaction will not significantly impact the company's current financial status or operating performance [4]. - For the first three quarters of 2025, the company reported a revenue increase of 31.90%, reaching 48.442 billion yuan, with a net profit of 2.945 billion yuan, up 7.80% year-on-year [5]. Production Performance - The company has seen an increase in production across its main mineral products, with copper production at 137,700 tons, a slight increase of 1.32% year-on-year [6]. - Notable increases were observed in the lead and zinc sectors, with zinc production rising by 19.92% to 94,800 tons and lead production increasing by 21.02% to 50,100 tons [6]. - Other mineral products also showed growth, with molybdenum production up 18.30% and iron concentrate production up 9.18% [6].