Core Viewpoint - Jihai Resources (02489) experienced a significant stock price increase, rising over 12% in early trading and currently up 9.38% at HKD 2.1, with a trading volume of HKD 19.45 million [1] Group 1: Company Operations - Jihai Resources announced a mining accident at its Denggezhuang mine in late July, leading to a temporary suspension of operations for rectification [1] - On September 26, the Yantai Emergency Management Bureau granted permission for the Denggezhuang mine to resume operations, indicating a quick recovery from the incident [1] - The company's board believes that the short duration of the suspension will not have a significant impact on the group's financial performance [1] Group 2: Financial Activities - Jihai Resources plans to issue up to 400 million shares at a discount of 19.2%, with a placement price of HKD 1.18 per share, expecting net proceeds of approximately HKD 462 million [1] - Approximately 50% of the proceeds will be allocated for the acquisition of potential gold mining projects, while 25% will be used to accelerate business expansion, and the remaining 25% for general working capital and other corporate purposes [1]