智通财经网·2026-01-28 03:35Core Viewpoint - The report from Jefferies highlights that Luoyang Molybdenum (03993) has completed the acquisition of Equinox Gold's gold asset portfolio in Brazil for up to $1 billion, with an implied gold price of approximately $3,320 per ounce, significantly lower than the current spot gold price exceeding $5,000 per ounce [1] Group 1: Acquisition Details - The acquisition of Equinox Gold's assets has been finalized, with a maximum consideration of $1 billion [1] - The implied gold price from the asset valuation is around $3,320 per ounce, compared to the current market price of over $5,000 per ounce [1] Group 2: Company Strategy and Outlook - Management views gold as a new business pillar alongside copper, expecting reasonable returns from the acquisition [1] - The company aims to reduce operational costs of the acquired assets through synergies and efficiency improvements, leveraging competitive procurement and supply chain management [1] Group 3: Production and Financial Projections - Jefferies estimates that gold production from the Brazil and Ecuador projects will reach 20 tons annually once fully operational [1] - Gold is projected to contribute 5% to 6% of Luoyang Molybdenum's gross profit by 2026, increasing to over 10% by 2030, with a goal to double gold production primarily through acquisitions [1]