Zheng Quan Shi Bao Wang·2025-12-15 02:02Core Viewpoint - CMOC Limited, a subsidiary of Luoyang Molybdenum Co., Ltd., has signed an agreement to acquire 100% equity of Leagold LatAm Holdings B.V. and Luna Gold Corp. from Equinox Gold Corp. for a total of $1.015 billion, which includes $900 million in cash at closing and up to $115 million in contingent cash payments based on sales performance after one year [2][6] Group 1: Transaction Details - The acquisition includes four operating gold mines: Aurizona, RDM, and the Bahia Complex [3][6] - Aurizona gold mine, located in Maranhão State, Brazil, is expected to produce between 70,000 to 90,000 ounces of gold in 2025 [3][4] - RDM gold mine, situated in Minas Gerais State, Brazil, is projected to yield 50,000 to 60,000 ounces of gold in 2025 [4][6] - The Bahia Complex consists of Fazenda and Santa Luz mines, with a combined production guidance of 125,000 to 145,000 ounces of gold in 2025 [6] Group 2: Resource and Production Insights - The total gold resources from the acquired assets amount to 5.013 million ounces, with an average grade of 1.88 g/t, and gold reserves of 3.873 million ounces at an average grade of 1.45 g/t [6][7] - Fazenda mine has been operational for nearly 40 years, with cumulative gold production exceeding 3.3 million ounces, and its lifespan is expected to extend to 2033 [5][6] - Santa Luz mine employs open-pit mining and has a higher gold recovery rate than previous carbon-in-leach methods [6] Group 3: Strategic Implications - This acquisition marks another significant achievement for Luoyang Molybdenum in the gold sector, following the acquisition of the Odin mine in Ecuador earlier this year [7] - Post-transaction, the company's annual gold production is expected to increase by approximately 8 tons, potentially exceeding 20 tons with the commencement of operations at the Odin mine [7] - The chairman of Luoyang Molybdenum expressed confidence in the long-term market prospects for gold assets, emphasizing the strategic importance of this acquisition in enhancing the company's resource reserves in South America [7]