Investment Rating - The report maintains a "Recommended" rating for the company [10][11]. Core Views - The acquisition of the La Arena gold mine in Peru is significant for the company, with a total consideration of 245millionandadditionalcontingentpayments[9].−TheLaArenaprojecthassubstantialresourcereserves,withconfirmedandprobableorereservesof22.6milliontonscontainingapproximately8tonsofgoldandsignificantcopperresources[9].−Theprojectisexpectedtoenhancethecompany′sresourcebaseandsupportitsproductiontargetsof100−110tonsofgoldand1.5−1.6milliontonsofcopperby2028[10].FinancialProjections−Thecompanyforecastsnetprofitsof32.853billion,37.543billion,and42.566billionyuanfor2024,2025,and2026respectively,withcorrespondingEPSof1.24,1.41,and1.60yuan[10][15].−Theprojectedrevenuegrowthratesare6.631,362 per ounce in Q2 2024, primarily due to declining gold grades and increased mining costs [3][5]. - The company maintains a competitive cost control capability, with an estimated unit sales cost of approximately $1,034 per ounce for gold [6][10]. - The La Arena project is expected to further reduce production costs, enhancing profitability [7][10].
Zijin Mining(601899) 中国银河·2024-11-11 02:59