Group 1 - The core viewpoint of the news is that Minmetals Resources (01208) has shown strong operational performance in 2025, with significant increases in copper, zinc, and precious metal production, contributing to enhanced profitability [1] - The total copper production for the year reached 506,900 tons, a 27% increase year-on-year, primarily driven by the strong performance of the flagship Las Bambas mine [1] - Zinc production increased by 6% to 232,100 tons, mainly due to record annual output from the Dugald River mine [1] Group 2 - The total gold production for the year was 118,100 ounces, a 22% year-on-year increase, while silver production reached 1,056,480 ounces, up 17% year-on-year [1] - The company achieved significant by-product revenue, which effectively reduced the C1 costs across its mines, reflecting its strategic focus on maximizing by-product value [1] - In December 2025, the board approved the feasibility study for the Khoemacau expansion project, which is expected to increase the mine's annual capacity to 130,000 tons of copper concentrate and over 4 million ounces of associated silver [2]
五矿资源高开逾3% 公司25年铜总产量同比增长27% 贵金属产量表现亮眼