招金黄金：公司高度重视上游黄金资源的战略布局

Core Viewpoint - The company emphasizes the strategic layout of upstream gold resources as a core measure for sustainable development in response to the rising gold prices [2] Group 1: Upstream Resource Planning - The 2026 upstream resource planning will focus on two main aspects: enhancing exploration work to increase resource reserves [2] - The company aims to deepen exploration within existing mining rights, particularly advancing the exploration of the Beidao Kaxishan mining rights to provide solid resource support for long-term development [2] Group 2: Cautious Approach to Mergers and Acquisitions - In light of the uncertainties brought by high fluctuations in gold prices, the company will maintain a cautious attitude and rigorously assess external acquisition opportunities [2] - The focus will be on controllable risks and high-quality projects to ensure the stability of the strategic layout [2] Group 3: Overall Resource Assurance - The company will enhance its resource assurance capabilities through a combination of exploration and cautious mergers and acquisitions, laying a solid foundation for long-term development [2]