Xin Lang Cai Jing·2025-12-15 04:45Core Viewpoint - Luoyang Luanchuan Molybdenum Group Co., Ltd. announced the acquisition of 100% equity in three gold mining assets in Brazil from Equinox Gold for a total consideration of $1.015 billion, which includes an upfront payment of $900 million and potential contingent payments of up to $115 million based on gold sales in the first operational year after closing [1][2]. Group 1 - The acquisition includes four operating gold mines: Aurizona in Maranhão, Bahia complex (including Fazenda and Santa Luz mines) in Bahia, and RDM mine in Minas Gerais, with a total gold resource of 5.013 million ounces and a gold reserve of 3.873 million ounces [2]. - The expected gold production from these assets is 247,300 ounces in 2024, with guidance for 250,000 to 270,000 ounces in 2025 [2]. - The chairman and chief investment officer of Luoyang Molybdenum expressed confidence in the long-term market prospects for gold assets, stating that this acquisition is a significant step in the company's "copper-gold dual-pole" merger strategy [2]. Group 2 - The transaction is expected to close in the first quarter of 2026 and has been approved by the company's board without the need for shareholder approval, pending necessary regulatory approvals [2]. - Luoyang Molybdenum's recent acquisition follows a previous purchase of the Cangrejos gold mine in Ecuador in April 2025, and upon completion, the company's annual gold production is expected to increase by approximately 8 tons, potentially exceeding 20 tons with the Ecuadorian asset [2]. - As of December 15, Luoyang Molybdenum's stock price rose by 1.93% to 17.92 CNY per share, with a total market capitalization of approximately 383.3 billion CNY [3].