Mei Ri Jing Ji Xin Wen·2025-11-26 17:37Group 1: Project Overview - The "Northeast Zhai Gold Mine Exploration" project in Songpan County, Sichuan Province has passed the evaluation by the Sichuan Mineral Resources Reserve Evaluation Center, revealing an additional gold resource of 28.24 tons, bringing the total confirmed gold resources to 81.06 tons, classifying it as a super-large scale mine with an average gold grade of 3.75 grams per ton [2] - The total confirmed gold resource of the Northeast Zhai Gold Mine is approximately 260 million ounces, valued at over 76 billion RMB based on current spot gold prices [2] Group 2: Company Information - The exploration rights for the Northeast Zhai Gold Mine are held by Songpan County Zijin Industry and Trade Co., Ltd., which was established in 2005 with a registered capital of 180 million RMB [2][3] - The company has a shareholding structure that includes 30% held by Aba State Guoxin Mineral Resources Development Co., Ltd., 23.8% by Zijin Mining Group Co., Ltd., 23.1% by Yunnan Jingwei Mining Investment Co., Ltd., and 23.1% by the Geological Exploration Team of the Sichuan Provincial Bureau of Geology and Mineral Resources [2][3] Group 3: Market Context - The market has seen a rise in gold prices, with international gold prices significantly increasing, driven by expectations of interest rate cuts by the Federal Reserve, leading to a decline in U.S. Treasury yields and a weaker dollar [4] - As of the latest reports, the London gold price has risen by over 50% year-to-date, while domestic gold prices have also shown a similar trend, with the Shanghai Gold Exchange Au99.99 contract fluctuating above 900 RMB per gram [4][5]