Zhi Tong Cai Jing·2025-12-15 07:33Core Viewpoint - CMOC Limited, a subsidiary of Luoyang Molybdenum Co., Ltd., is acquiring 100% equity of LatAm and LGC from EQX for $1.015 billion, which includes $900 million in cash at closing and up to $115 million in contingent cash payments based on sales performance [1][2] Group 1: Transaction Details - The acquisition involves four operating gold mines: Aurizona, RDM, and Bahia, which are expected to significantly enhance the company's gold production capacity [2] - The total gold resource from the acquired assets is 5.013 million ounces with an average grade of 1.88 g/t, while the gold reserves are 3.873 million ounces with an average grade of 1.45 g/t [1] - Post-transaction, the company's annual gold production is projected to reach 8 tons, aligning with its strategic focus on copper and gold investments [2] Group 2: Strategic Implications - This acquisition marks the company's continued expansion into South America, following its previous investment in the Kayser House gold mine [2] - The transaction is expected to bolster the company's resource reserves and support its investment and acquisition strategy centered on copper and gold [2]