西部矿业：玉龙铜矿大幅增储，派送春节前分红“大礼包”

Core Viewpoint - The announcement of resource increase at Yulong Copper Mine marks a significant milestone for Western Mining, enhancing its market competitiveness and sustainability in the copper industry [1][2]. Group 1: Resource Increase - Yulong Copper Mine has confirmed an additional copper metal resource of 131.42 thousand tons and molybdenum metal resource of 10.77 thousand tons, bringing the total confirmed copper resources to 753.39 thousand tons and molybdenum to 45.90 thousand tons [2]. - The resource increase is expected to extend the mine's operational lifespan and support the company's sustainable development and profitability [2]. Group 2: Production Capacity and Projects - Following the completion of the expansion project in November 2023, Yulong Copper Mine's production capacity is set to increase to 30 million tons per year [2]. - The company has actively pursued exploration and mining rights in various regions, including acquiring exploration rights for the Chating copper polymetallic mine in Anhui and mining licenses for lead-zinc and iron polymetallic mines in Sichuan [3]. Group 3: Dividend Distribution - The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, totaling 95.32 million yuan, which represents 3% of the net profit attributable to shareholders for the first three quarters of 2025 [4]. - This dividend proposal is aligned with regulatory expectations for increased shareholder returns and aims to enhance investor confidence [4][5]. Group 4: Financial Performance - For the first three quarters of 2025, the company reported a net profit of 2.945 billion yuan and a net cash flow from operating activities of 8.810 billion yuan [6].