Zhi Tong Cai Jing·2025-12-17 06:23Core Viewpoint - Luoyang Molybdenum (603993) (03993) has announced the acquisition of 100% equity in three gold mining assets located in Brazil from Equinox Gold for a total consideration of $1.015 billion, reflecting the company's commitment to its "copper-gold dual strategy" [1] Group 1 - The company's stock rose nearly 4%, trading at HKD 18.62 with a transaction volume of HKD 421 million at the time of reporting [1] - The acquisition includes the Aurizona gold mine, RDM gold mine, and Bahia complex, which are expected to enhance the company's gold asset portfolio [1] - According to a report from Galaxy Securities, this transaction marks the company's second investment in South American gold projects, following the acquisition of the Kaigao Gold Mine [1] Group 2 - The new Brazilian assets are anticipated to synergize well with the company's existing silver-phosphate assets in Brazil, further strengthening its gold asset layout [1] - If the transaction is successfully completed, the company's annual gold production is expected to reach 8 tons, with potential to exceed 20 tons following the commencement of production at Ecuador's Odin Mining [1]