SDR(SZ:000603) Zheng Quan Shi Bao Wang·2026-01-16 12:41Core Viewpoint - Shengda Resources announced progress in the integration of its subsidiary, Inner Mongolia Yindu Mining Co., Ltd., and has obtained a new mining license, which is expected to enhance the company's resource security for long-term development [1][2]. Group 1: Mining License and Resource Integration - Yindu Mining has completed part of the integration work for the mining rights of the Baiyinda Silver Polymetallic Mine, covering an area of 5.1481 square kilometers, and has received the mining license and property certificates from the Chifeng Natural Resources Bureau [1]. - The mining area has increased from 5.1481 square kilometers to 5.5395 square kilometers, which is expected to increase the mine's exploitable reserves and extend its service life [2]. Group 2: Resource Estimates - As of February 29, 2024, the estimated resource reserves for the Baiyinda Silver Polymetallic Mine include 8.034 million tons of ore, 1,433 tons of silver with an average grade of 221.96 grams per ton, 149,321 tons of lead with an average grade of 2.46%, and 294,903 tons of zinc with an average grade of 4.10% [1]. - The associated silver-lead-zinc mine at Baiyinda has proven, controlled, and inferred resources of 2.84 million tons of ore, 87 tons of silver with an average grade of 54.65 grams per ton, 8,212 tons of lead with an average grade of 0.53%, and 5,842 tons of zinc with an average grade of 0.69% [2]. Group 3: Company Overview - Shengda Resources specializes in the mining and sales of precious and non-ferrous metals, operating seven mining subsidiaries, including Yindu Mining, Jinshan Mining, Guangda Mining, Jindu Mining, Dongsheng Mining, Honglin Mining, and Deyun Mining [2]. - The company has a total identified silver resource of approximately 12,000 tons and gold resources of about 34 tons, with over 7,000 tons of silver and over 26 tons of gold expected by the end of 2024, and an annual mining capacity of nearly 2 million tons [2].