Baiyin Nonferrous(SH:601212) Mei Ri Jing Ji Xin Wen·2026-01-21 21:55Core Viewpoint - A significant gold mine bidding war has concluded, setting a record for metal mine transactions in Gansu, while the losing bidder, Baiyin Nonferrous Metals, faces a leadership change with the resignation of its chairman. Group 1: Bidding Details - The gold mine auction was highly competitive, with a total of 2025 bids made, resulting in Baiyin Nonferrous Metals ultimately losing the bid [3][6]. - The auction concluded with a total transaction price of 6.407 billion yuan, with Tonggui Co. winning the exploration rights for the Qianhongquan gold mine at a price of 6.387 billion yuan, marking the highest transaction record for metal mines in Gansu [4][6]. - The exploration rights for the Qianhongquan mine are estimated to contain over 40 tons of gold resources, equivalent to two large gold mines [6]. Group 2: Leadership Changes - Baiyin Nonferrous Metals announced the resignation of Chairman Wang Pugong on January 21, effective immediately, nearly three months ahead of the originally scheduled departure date of April 17, 2026 [4][5]. - Wang Pugong had previously emphasized the importance of the gold industry as a strategic focus for the company, aiming to leverage Gansu's gold resources for future growth [3][8]. Group 3: Market Impact - Following the auction, Baiyin Nonferrous Metals' stock price has shown a strong upward trend, aligning with the performance of the gold sector, achieving consecutive gains in the last two trading days [7].