3 6 Ke·2026-01-26 03:13Core Viewpoint - Luoyang Molybdenum has completed the acquisition of three gold mines in Brazil, significantly enhancing its gold resource reserves and production capacity amid rising international gold prices [1] Group 1: Acquisition Details - The acquisition was finalized on January 23, involving 100% equity in the Aurizona Gold Mine, RDM Gold Mine, and Bahia Complex, executed through the subsidiary CMOC Limited [1] - The total gold resource of the acquired projects amounts to 501.3 million ounces (approximately 156 tons), with an average grade of 1.88 grams per ton [1] - The gold reserves are reported at 387.3 million ounces (approximately 120 tons), with an average grade of 1.45 grams per ton [1] Group 2: Strategic Importance - This acquisition is a key move in Luoyang Molybdenum's "Copper + Gold" strategy, following the previous acquisition of the Odin Gold Mine in Ecuador in June 2025 [1] - The projects are expected to contribute an annual gold production of 6 to 8 tons by 2026, significantly increasing the company's gold resource reserves and production scale [1] - The recent surge in international gold prices, surpassing $5,000 per ounce, is anticipated to enhance the company's profitability and risk resilience in the precious metals sector [1]