Core Viewpoint - Nanchang Mining Group Co., Ltd. plans to invest $30 million to acquire a 10% stake in Eagle Canyon Gold Limited, marking a strategic move to enhance its overseas mineral resource portfolio [1][5]. Group 1: Investment Details - The investment will be made through Nanchang Mining's wholly-owned subsidiary, NMS International Holding Pte. Ltd. [1]. - Eagle Canyon Gold focuses on gold mining projects in Zimbabwe and aims to consolidate control over three local companies holding 100% mining rights to key projects [2]. - The overall valuation of Eagle Canyon Gold is set at $300 million, with the stake acquisition price based on future asset evaluations [3]. Group 2: Financial Performance - Eagle Canyon Gold reported a revenue of $34.80 million and a net profit of $12.94 million for the year 2024, indicating strong financial performance [2]. - For the first nine months of 2025, the company achieved revenues of $44.15 million and net profits of $22.66 million, reflecting a 75.10% increase compared to the previous year [3]. Group 3: Strategic Positioning - Nanchang Mining is focusing on overseas market expansion and optimizing its business structure, particularly in gold and copper mining [4]. - The company has established principles for investment, avoiding high-risk greenfield projects and focusing on smaller, quality mines to mitigate competition with larger firms [4]. - The investment in Eagle Canyon Gold is expected to enhance Nanchang Mining's resource reserves and support its transformation and upgrade strategy [5].
加码金矿布局拓展海外版图 南矿集团拟3000万美元认购鹰谷黄金10%股权