Core Viewpoint - Chifeng Gold (600988) has seen a significant increase in stock price, rising 13.35% to 25.9 yuan as of August 8, 2025, with a total market capitalization of 49.221 billion yuan, ranking 4th in the precious metals sector and 300th in the A-share market [1][2]. Company Announcements Summary - Chifeng Gold's subsidiary, Liaoning Wulong Gold Mining Co., Ltd., has obtained a new mining license for the Haogou Gold Mine, with a production scale of 60,000 tons per year and a mining area of 3.4957 square kilometers, valid from July 28, 2025, to August 28, 2034 [1][2]. - The company has also expanded the mining rights for the Aohanqi Zhuanshanzi Gold Mine, increasing the mining area to 8.9166 square kilometers and maintaining a production scale of 60,000 tons per year, valid from July 31, 2025, to March 27, 2032 [2]. Resource Estimation Update - The first phase of resource exploration for the Laos Seiban Gold-Copper Mine SND project has been completed, revealing a total resource estimate of 93.7 million tons at a controlled level with an average grade of 0.57 grams per ton of gold and 0.27% copper [3]. - The total ore volume for the SND project is estimated at 131.5 million tons, with a gold equivalent grade of 0.81 grams per ton, translating to approximately 106.9 tons of gold equivalent metal [3]. - Preliminary metallurgical tests indicate that the ore is suitable for flotation, achieving overall recovery rates of 88% for gold and 88.5% for copper [3].

Core Viewpoint - The company has announced that its subsidiary, Liaoning Wulong Gold Mining Co., Ltd., has obtained a new mining license and made changes to exploration and mining rights, which will enhance its resource capacity and exploration potential, positively impacting long-term sustainable development [1][2] Group 1: New Mining Rights and Changes - Liaoning Wulong Gold Mining has acquired a new mining license through the conversion of part of its exploration rights in Dandong City, expanding its exploration area from 0.6112 square kilometers to 1.0705 square kilometers [1] - The new mining rights are valid for 9 years and 1 month, from July 28, 2025, to August 28, 2034, with an annual production capacity of 60,000 tons [1] - The company has also made changes to its existing mining rights, including deepening the mining depth from 737 meters to -135 meters for the Aohanqi Zhuangshanzi Gold Mine [1] Group 2: Impact on the Company - The acquisition and integration of new mining and exploration rights will enhance the company's mineral resource capacity and exploration potential, improving resource allocation and utilization efficiency [1] - This development is expected to strengthen the company's risk resistance and market competitiveness, contributing positively to its long-term sustainable growth [1]