Core Insights - The announcement from WanGuo Gold (03939) highlights two major positive developments: the completion of the feasibility study for the Jinling Gold Mine expansion project by strategic shareholder Zijin Mining, and a significant increase in gold resource estimates from 7.34 million ounces (228 tons) to 367 tons, representing a 61% increase [1][2][8] Resource Increase - The core highlight of the announcement is the substantial increase in gold resources at the Jinling Gold Mine, with total ore reserves estimated at approximately 2.894 billion tons and gold metal content at 367.104 tons [1][5] - The updated resource estimate of 328 tons of gold, based on the boundary reserves, adds over 100 tons of exploitable gold resources, potentially valued at over 30 billion yuan based on current industry averages [2][5] Project Expansion - The expansion plan for the Jinling Gold Mine has been clearly outlined, with an additional processing capacity of over 10 million tons per year, bringing the total processing scale to 13.5 million tons per year [6][8] - The mining costs during the expansion phase are projected at $4.2 per ton of ore, decreasing to $2.19 per ton once production scales reach 13 million tons per year [7] Production Forecast - Once the project reaches full production, annual gold output is expected to increase from 2.06 tons in 2024 to 15 tons, marking a 628% increase and exceeding previous market expectations [7][8] - The anticipated net profit for the company in the first half of 2025 is projected to be 600 million yuan, reflecting a year-on-year increase of 136% [7] Market Confidence - The announcement effectively eliminates market uncertainties regarding project progression, positioning the Jinling Gold Mine as a transition from a growth asset to a world-class profit engine [8]

公告显示，金岭金矿的资源量提升是本次披露的核心亮点。数据显示，矿区内保有矿石量约28.94亿 吨，Au金属量367.104吨；境界内保有矿石量24.93亿吨，Au金属量328.593吨。 如果仅按照境界内保有金属量计算，相较于2024年底的 228 吨黄金资源量，紫金矿业凭借行业领先的勘 探技术与成矿带研究经验，通过系统钻探与储量核实，将黄金资源量更新至 328 吨，且平均品位在1.32 克/吨的优质水平。这一增量相当于为公司新增超100吨可开发黄金资源，按当前行业平均开采成本与金 价水平测算，新增资源对应的潜在价值超300亿元。 智通财经APP获悉，11月17日，万国黄金（03939）公告披露了最新的金岭金矿资源储量与开发进展信 息，两大核心利好引发市场高度关注：战略股东紫金矿业已完成金岭金矿扩建项目可行性研究，1000万 吨 / 年扩建方案正式敲定，项目推进确定性全面提升；经紫金专业勘探核实，矿山黄金资源量从 2024 年底公告的 734 万盎司（折合 228 吨）跃升至 367 吨，增幅高达 61%。双重利好叠加，不仅印证了金 岭金矿的世界级资源禀赋，更标志着其从资源储备向产能释放的转型进入加速期。 资 ...