Western Mining(SH:601168) 中国基金报·2025-10-27 13:40Core Viewpoint - The company, Western Mining, has successfully acquired exploration rights for the Chating copper polymetallic mine in Anhui Province for 8.609 billion yuan, which is expected to enhance its resource reserves and industry position in the non-ferrous metals sector [2][4][6]. Group 1: Acquisition Details - Western Mining's subsidiary, Tibet Yulong Copper Co., won the bidding for the Chating copper polymetallic mine exploration rights at a price of 8.609 billion yuan [2][4]. - The acquisition is part of a strategy to strengthen resource reserves and expand the company's scale in the non-ferrous metals industry [4][6]. - The exploration rights will be formalized through a contract with the seller by November 27, 2025, with the payment to be made as per the contract terms [4]. Group 2: Financial Performance - In the first three quarters of 2025, Western Mining reported a revenue of 48.4 billion yuan, marking a year-on-year increase of 31.90%, and a profit of 5.964 billion yuan, up 12.39%, achieving a historical high [7]. - The revenue growth is attributed to increased production and sales in copper and lead smelting, despite low processing fees impacting overall profits [7]. Group 3: Resource Potential - The Chating copper polymetallic mine has confirmed industrial-grade copper ore reserves of 122 million tons, with a metal content of 656,700 tons and an average grade of 0.54% [7]. - The mine also contains low-grade copper ore reserves of 449 million tons, with a metal content of 1,090,900 tons and an average grade of 0.24%, indicating significant resource potential [7].