智通财经网·2026-02-10 02:19Core Viewpoint - Luoyang Molybdenum (03993) has seen a stock increase of over 4%, currently trading at HKD 22.9 with a transaction volume of HKD 237 million, following the completion of a USD 1.015 billion acquisition of a gold mine in Brazil, which has reserves of 3.87 million ounces at an average grade of 1.45 grams per ton [1] Group 1: Acquisition and Production Plans - The acquisition of the Brazilian gold mine is expected to synergize with the company's existing copper and cobalt businesses, enhancing overall profitability [1] - Management plans to contribute 6-8 tons of gold production by 2026 and aims to increase annual production to 20 tons before 2030 [1] Group 2: Profitability and Production Guidance - Morgan Stanley has raised the company's profit expectations for 2026-2027 by 27%-30%, anticipating over 50% profit growth for consecutive years [1] - The copper production guidance for 2026 is set at 760,000 to 820,000 tons, driven by process optimization and technological upgrades at TFM and KFM mines [1] - The KFM Phase II project is expected to commence production in 2027, adding approximately 100,000 tons of copper capacity annually [1] Group 3: Cost Optimization - The company aims to further optimize unit costs in its copper business by reducing the procurement price of bulk materials and maintaining leading levels of capital expenditure and operational costs globally [1]