A股矿业巨头 海外买入金矿

Core Viewpoint - The mining giant Luoyang Molybdenum Co., Ltd. is acquiring gold assets from Equinox Gold for $1.015 billion, aiming to enhance its gold production capabilities amid high international gold prices [2][5][14]. Group 1: Acquisition Details - The acquisition involves 100% equity of LatAm and LGC, which includes four operating gold mines: Aurizona, RDM, and the Bahia complex [2][9]. - The total gold resource of the acquired assets is 5.013 million ounces, with an average grade of 1.88 grams per ton [11]. - The transaction price consists of $900 million at closing and up to $115 million contingent on gold sales in the first operational year [14][15]. Group 2: Production and Financial Impact - The Aurizona mine is expected to produce between 70,000 to 90,000 ounces of gold in 2025, while RDM is projected to yield 50,000 to 60,000 ounces [11]. - The Bahia complex is estimated to produce 125,000 to 145,000 ounces in 2025, contributing to an overall increase of approximately 8 tons in annual gold production for the company [12][18]. - Luoyang Molybdenum's revenue for the first three quarters of the year reached 145.485 billion yuan, with a net profit of 14.280 billion yuan, marking a 72.61% year-on-year increase [18]. Group 3: Strategic Importance - The acquisition aligns with the company's strategy to diversify its resource portfolio, focusing on both copper and gold, while also considering expansion into other metals [15]. - The company aims to leverage the stable geopolitical environment in Brazil to enhance its resource base in South America [15]. - This transaction is part of a broader strategy to achieve a production target of over 20 tons of gold annually, following previous acquisitions [18].