香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 PERSISTENCE GOLD GROUP LTD 集海黃金集團有限公司 （股份代號：2489） （於開曼群島註冊成立的有限公司） （前稱 Persistence Resources Group Ltd 集海資源集團有限公司） 內 幕 消 息－ (I)煙 台 中 嘉 及 煙 台 牟 金 暫 停 生 產；及 (II)配售事項所得款項淨額用途的進展 集 海 黃 金 集 團 有 限 公 司（「本公司」或「本集團」）依 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09(2)條 及《證 券 及 期 貨 條 例》第XIVA部項下的內幕 消 息（定 義 上 市 規 則）作 出 本 公 告。 (I) 煙台中嘉及煙台牟金暫停生產 集海黃金集團有限公司 ...

Group 1 - The company, Dingyi Group Investment (00508.HK), has announced the acquisition of a mining license in Zambia, granting exclusive rights to operate a gold mine [1] - The buyer, Igniscore Mineral Group Limited, will purchase 70% of the shares in the target company, Wealthy Faith Group Limited, for an initial cash payment of $3,420,000, which may be adjusted based on the quantity of gold mined [1] - The acquisition is seen as a strategic move for the company to enter the gold mining, exploration, and trading industry, aligning with the interests of the company and its shareholders [2] Group 2 - The company plans to collaborate with a management entity to manage and operate the mine, establishing a shareholder agreement that outlines the terms of cooperation [2] - The company will provide shareholder loans to facilitate the acquisition, while the management will enter into a service agreement to provide management services for the mine [2] - The board of directors believes that the acquisition is fair and reasonable, enhancing the company's portfolio beyond its existing businesses in securities trading, loan financing, and property development [2]

Core Viewpoint - Morgan Stanley has raised its profit forecast for Luoyang Molybdenum (03993) by 27% to 30% for the next two years, and increased the target prices for Luoyang Molybdenum's A-shares and H-shares to 30 RMB and 30 HKD respectively, maintaining an "Overweight" rating [1] Group 1: Company Updates - The acquisition of the Brazilian gold mine has been successfully completed, with management targeting gold production of 6 to 8 tons this year and aiming to reach 20 tons by 2030 [1] - Details regarding this year's copper production guidance have been supported by process optimization and the increase in capacity from the KFM Phase II project [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase exceeding 15% over the next six months [5]. Core Insights - The acquisition of Allied Gold for CAD 5.5 billion (approximately RMB 28 billion) at CAD 44 per share represents a 5.39% premium over the closing price on January 23 [1]. - The acquisition is expected to increase the company's resource and reserve volumes by 25% and 33%, respectively, enhancing its production capabilities significantly [2]. - The report forecasts substantial profit growth for the company, with net profits projected to reach USD 15.4 billion, USD 39.9 billion, and USD 49.3 billion for 2025, 2026, and 2027, respectively, reflecting year-on-year growth rates of 220%, 159%, and 24% [3]. Financial Summary - Revenue is projected to grow from USD 2.26 billion in 2023 to USD 12.91 billion by 2027, with a compound annual growth rate (CAGR) of 75.55% from 2024 to 2025 [4]. - The net profit attributable to the parent company is expected to increase from USD 230 million in 2023 to USD 4.93 billion in 2027, indicating a significant upward trend in profitability [4]. - The earnings per share (EPS) is forecasted to rise from USD 0.42 in 2023 to USD 1.84 in 2027, showcasing strong earnings growth potential [4].

Core Viewpoint - Luoyang Molybdenum (603993) (03993) experienced a significant stock price increase, rising over 6% and currently trading at 24.14 HKD with a transaction volume of 1.3 billion HKD following the completion of its acquisition of 100% equity in Aurizona Gold Mine, RDM Gold Mine, and Bahia Integrated Mining Area from Equinox Gold Corp [1] Group 1: Acquisition Details - The acquisition of the four gold mines was completed on January 23, and these mines are all currently producing gold [1] - The company expects to generate an annual gold production of 6 to 8 tons from these mines by 2026 [1] Group 2: Market Analysis and Forecast - JPMorgan released a report indicating a positive outlook on the company's strategy and operations following a conference call [1] - The management aims for a gold production target of 6 to 8 tons this year and plans to reach 20 tons by 2030 [1] - The bank has raised its profit forecasts for Luoyang Molybdenum for the next two years by 27% to 30% and has adjusted the target prices for both A-shares and H-shares [1]

Core Viewpoint - Luoyang Molybdenum's stock rose over 6% following the completion of its acquisition of 100% equity in Aurizona Gold Mine, RDM Gold Mine, and Bahia Complex from Equinox Gold Corp, expected to contribute 6-8 tons of gold annually by 2026 [1] Group 1: Acquisition Details - The acquisition of the gold mines was completed on January 23 [1] - The four gold mines are all operational and will enhance the company's gold production capacity [1] Group 2: Financial Projections - JPMorgan upgraded its earnings forecast for Luoyang Molybdenum by 27% to 30% for the next two years [1] - The company aims for a gold production target of 6 to 8 tons this year and 20 tons by 2030 [1] - The guidance for copper production is supported by process optimization and increased capacity from the KFM Phase II project [1] Group 3: Market Reaction - As of the report, Luoyang Molybdenum's stock was trading at 24.14 HKD with a trading volume of 1.3 billion HKD [1]

Group 1 - Core viewpoint: Morgan Stanley expresses a positive outlook on Luoyang Molybdenum's strategy and operations following the completion of its acquisition of a gold mine in Brazil [1] - Business update: The acquisition of the Brazilian gold mine has been successfully completed, with management targeting gold production of 6 to 8 tons this year and aiming for 20 tons by 2030 [1] - Copper production guidance: The details for this year's copper production guidance are supported by process optimization and the increase in capacity from the KFM Phase II project [1] - Earnings forecast adjustment: Morgan Stanley raised its earnings forecast for Luoyang Molybdenum for the next two years by 27% to 30% [1] - Target price revision: The target prices for Luoyang Molybdenum's A-shares and H-shares have been increased from 24 yuan and 24 HKD to 30 yuan and 30 HKD, respectively, while maintaining a "buy" rating [1]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expected relative performance increase of over 10% compared to the benchmark index [8]. Core Insights - The acquisition of Allied Gold for CAD 5.5 billion (approximately RMB 28 billion) aims to strengthen the company's position in the gold sector by enhancing its resource base and operational capabilities [7]. - The Sadiola gold mine in Mali has completed its first phase of upgrades, increasing its processing capacity from 5 million tons per year to 5.7 million tons per year, with expected annual gold production rising to between 6.2 and 7.2 tons [2]. - The company anticipates a significant increase in gold production, targeting 105 tons in 2026, driven by the integration of new projects and operational efficiencies [8]. Financial Projections - Revenue is projected to grow from RMB 303.64 billion in 2024 to RMB 434.89 billion in 2027, reflecting a compound annual growth rate (CAGR) of approximately 10.5% [10]. - The net profit attributable to the parent company is expected to rise from RMB 32.05 billion in 2024 to RMB 93.99 billion in 2027, with a notable profit growth rate of 72.65% in 2026 [10]. - The company's EBITDA is forecasted to increase significantly, reaching RMB 1,642.80 billion by 2027, indicating strong operational performance [12]. Project Developments - The Kurmuk gold mine in Ethiopia is set to commence production in the second half of 2026, with a designed processing capacity of 6.4 million tons per year and an expected average annual gold production of 9 tons over the first four years [2]. - The Côte d'Ivoire gold complex, which includes the Bonikro and Agbaou projects, aims to achieve an average annual gold production of 3.1 tons and 2.7 tons, respectively, through operational integration [2]. Cost Management - The all-in sustaining costs for the Sadiola project are projected to decrease from USD 2,067 per ounce in Q3 2025 to USD 1,200 per ounce post-expansion, indicating improved cost efficiency [2][8]. - The report highlights the potential for further cost reductions due to the company's strong technological capabilities and engineering innovations [8].

Core Viewpoint - Citigroup has released a report stating that Zijin Mining's (02899) subsidiary, Zijin Gold International (02259), has signed an agreement to acquire 100% of Allied Gold for a total cash consideration of CAD 5.5 billion (approximately RMB 28 billion) [5] Group 1: Acquisition Details - The acquisition is expected to increase the company's total gold production to between 11.7 and 12.4 tons by 2025, and further to 25 tons by 2029 following the expansion of the Sadiola project and the commencement of the Kurmuk project [5] - The acquisition price is considered attractive given the current high gold prices, according to Citigroup [5] Group 2: Market Position and Projections - Citigroup maintains its preferred industry position for Zijin, setting a target price of HKD 39 and a "Buy" rating [5] - The acquisition of the producing gold mine is anticipated to enhance Zijin's gold production and profitability [5] Group 3: Regulatory Approvals - The acquisition is subject to approval from Allied Gold's shareholders, the Ontario Superior Court of Justice, and major regulatory approvals from both Canadian and Chinese authorities [5] - This acquisition further demonstrates Zijin's commitment to developing its gold asset portfolio through Zijin Gold International [5]

Core Viewpoint - Zijin Mining announced the acquisition of Allied Gold Corporation for approximately 5.5 billion CAD (around 28 billion RMB) at a price of 44 CAD per share, aiming to enhance its gold mining business and strengthen its position in the global gold industry [1][6][8]. Group 1: Acquisition Details - The acquisition involves Zijin Gold International, a subsidiary of Zijin Mining, which holds 85% of its shares [1][8]. - Allied Gold's key assets include the Sadiola gold mine in Mali, the Côte d'Ivoire gold complex (including Bonikro and Agbaou mines), and the Kurmuk gold mine in Ethiopia, expected to commence production in the second half of 2026 [2][9]. - As of the end of 2024, Allied Gold has gold resources of 533 tons with an average grade of 1.48 grams per ton [3][9]. Group 2: Production and Financial Projections - Allied Gold is projected to produce 10.7 tons and 11.1 tons of gold in 2023 and 2024, respectively, with expectations to increase production to between 11.7 tons and 12.4 tons in 2025, and potentially up to 25 tons by 2029 due to expansions [3][9]. - Zijin Mining forecasts a net profit of 51 to 52 billion RMB for 2025, representing a year-on-year growth of 59% to 62%, with gold production expected to reach approximately 90 tons [4][11]. - The company plans to produce 105 tons of gold in 2026, alongside increases in copper and lithium production [4][11].