Mei Ri Jing Ji Xin Wen·2025-11-26 16:09Core Insights - The exploration project for the Dongbeizhai gold mine in Songpan County, Sichuan Province, has been approved, revealing an additional gold resource of 28.24 tons, bringing the total confirmed gold resources to 81.06 tons, categorizing it as a super-large mine with an average gold grade of 3.75 grams per ton [1] - The total confirmed gold resources are estimated to be approximately 260 million ounces, valued at over 76 billion RMB based on current gold prices [1] Company Overview - The exploration rights for the Dongbeizhai gold mine are held by Songpan County Zijin Industry and Trade Co., Ltd., which has a mining area of 4.8605 square kilometers, with the certificate valid from August 9, 2023, to August 9, 2028 [1][2] - Songpan County Zijin Industry and Trade Co., Ltd. was established in 2005 with a registered capital of 180 million RMB. The company has multiple shareholders, including Aba State Guoxin Mineral Resources Development Co., Ltd. (30%), Zijin Mining Group Co., Ltd. (23.8%), and others [2][3] Industry Context - Zijin Mining Group is recognized as the leading gold company globally in the Forbes 2025 Global 2000 list, based on various metrics such as revenue, profit, assets, and market capitalization [3] - The company has significant mineral resource reserves, including over 1.1 million tons of copper and 3,973 tons of gold, positioning it as a major player in the metal mining industry [4] - Recent market trends indicate a rise in gold prices, with international gold prices increasing significantly, and domestic gold prices also showing a substantial rise, reflecting a broader trend in the precious metals market [4]