Cai Jing Wang·2026-01-26 04:17Core Viewpoint - Luoyang Molybdenum Co., Ltd. has successfully completed the acquisition of three gold mining assets in Brazil from Equinox Gold for up to $1.015 billion, indicating a strong commitment to expanding its gold resource portfolio and enhancing production capacity [1][2] Group 1: Acquisition Details - The acquisition includes 100% ownership of the Aurizona, RDM, and Bahia gold mining assets, comprising a total gold resource of 5.013 million ounces (approximately 156 tons) with an average grade of 1.88 grams per ton [1] - The total gold reserves amount to 3.873 million ounces (approximately 120 tons) with an average grade of 1.45 grams per ton, and the company expects an annual production of 6 to 8 tons of gold from these assets [1] Group 2: Strategic Plans - The transaction was completed in just 40 days from announcement to closing, showcasing the company's efficiency in executing acquisitions [1] - Following the acquisition, the company plans to accelerate management integration and enhance project capacity to realize value [1] - Luoyang Molybdenum is actively seeking further expansion opportunities in the gold market and has issued $1.2 billion in convertible bonds to secure funding for future acquisitions [2]