经济导报记者 王伟 版权 | 山东财经报道 优做强黄金企业，发挥企业带动作用，按照"一个矿区一个开发主体"原则，支持企业通过兼并重组、股 权合作等方式整合中小矿山及新增黄金矿权，构建区域化矿山开发集群，提升资源开发效率与规模效 益。鼓励中小矿山通过联合、托管等方式融入区域矿山体系。优化产业空间布局，推进"分散采选、集 中冶炼"模式，淘汰落后工艺设备，鼓励新建黄金独立选矿厂、堆浸场、金精矿冶炼厂日处理规模分别 不低于500吨、2000吨、200吨，提高生产规模化水平。 强化生产性服务业支撑。聚焦黄金资源开发全产业链，立足山东省深部开采和难选冶资源特点，在探 矿、采矿、选冶、充填、装备制造等领域开展科技攻关。以胶西北金矿富集区为示范，深化数字孪生技 术应用，推动智能勘查和靶区优选技术突破。完善黄金新材料研发平台，鼓励黄金开采冶炼企业与下游 应用企业协同创新，建立全链条质量管控体系。推进济南市"黄金产业链金融贸易中心"及莱州市、招远 市等黄金主产地特色园区建设，打造集智能制造、会展经济、线上交易、休闲娱乐于一体的产业聚合平 台。 编辑 | 吴淑娟 近日，山东省制定出台《山东省黄金产业高质量发展实施方案（2025—2 ...

山东省工业和信息化厅等十部门近日印发《山东省黄金产业高质量发展实施方案（2025—2027年）》，提出以胶东世界级黄金 富集区为核心载体，打造具有全球竞争力的世界级现代黄金产业链集群，巩固全国黄金产业"压舱石"省份地位。到2027年，山 东将培育1-2家具有全球竞争力的世界级黄金企业，在冶金精炼、矿山设备、金银珠宝等细分领域培育10家专精特新和单项冠军 企业。 山东将优化新增黄金矿权开发布局，重点推进胶东地区深部勘查，加大焦家带、招平带、三山岛带、牟乳带等重点金矿聚集区 勘查力度。按照"一个矿区一个开发主体"原则，支持企业通过兼并重组、股权合作等方式整合中小矿山及新增黄金矿权，构建 区域化矿山开发集群，提升资源开发效率与规模效益。聚焦黄金资源开发全产业链，立足山东省深部开采和难选冶资源特点， 在探矿、采矿、选冶、充填、装备制造等领域开展科技攻关。以胶西北金矿富集区为示范，深化数字孪生技术应用，推动智能 勘查和靶区优选技术突破。紧扣黄金产业价值微笑曲线两端升级导向，聚焦黄金首饰设计研发、精工制造、品牌运营全链条人 才需求，支持龙头企业牵头与高校、科研机构共建实训基地、深化联合培养，定向培育产业急需专业技术人才和 ...

近日，宝鼎科技（002552）（002552.SZ）在互动易平台回复投资者表示，宝鼎科技全资子公司招远市 河西金矿有限公司于2025年10月顺利换发了新的《安全生产许可证》，目前，河西金矿正按每月2.5万 吨的产能组织生产。这一关键进展不仅标志着其"河西矿区资源整合开发工程（一期）项目"正式竣工并 进入生产阶段。 同时也是国家大力推动黄金产业高质量发展的宏观政策背景下取得的实质性成果。 近期，工业和信息化部等九部门联合印发了《黄金产业高质量发展实施方案（2025—2027年）》，为行 业的未来发展指明了高端化、智能化、绿色化和安全化的方向。宝鼎科技河西金矿项目的成功落地与稳 定运行，恰好与这一国家战略同频共振，从多个维度凸显了公司的内在价值与战略优势，体现出公司资 源开发与产能释放能力的显著跨越。新换发的安全生产许可证许可的生产规模为30万吨/年，相较于项 目投产前年产9.9万吨的水平，年产能提升了约两倍。当前每月2.5万吨（即年产30万吨）的生产安排， 意味着公司正稳步朝着满产目标迈进。这一产能的释放将直接转化为成品金产量和销售收入的增长，为 提升公司盈利水平和综合竞争实力奠定坚实的物质基础。 此次扩产并非 ...

Group 1 - Guizhou Moutai plans to repurchase shares worth between 1.5 billion to 3 billion yuan and cancel them [3][12] - The company announced a mid-year profit distribution plan, proposing a cash dividend of 23.957 yuan per share (including tax), totaling 30 billion yuan [12] - The domestic intelligent robot sector is expected to see an average growth rate of 50% to 100% for individual companies, according to the founder of Yushu Technology [3][8] Group 2 - The Ministry of Commerce announced adjustments to export control lists, with 15 U.S. entities to have restrictions lifted starting November 10, 2025 [6] - The Ministry also indicated that 16 U.S. entities will continue to have restrictions suspended for one year [6] - The Ministry of Commerce reported that as of September 30, China's new energy storage installed capacity exceeded 100 million kilowatts, growing over 30 times compared to the end of the 13th Five-Year Plan, accounting for over 40% of the global total [8] Group 3 - The gaming industry saw significant profit growth in Q3, particularly among leading companies with excellent products, indicating an upward trend in industry sentiment [26][27] - The beer sector is currently viewed as being at a bottom level, with potential recovery opportunities expected in 2025 due to macro policy changes and improved fundamentals [28]

Core Viewpoint - The Anhui Provincial Department of Industry and Information Technology has released a draft plan for the high-quality development of the gold industry in Anhui from 2025 to 2027, aiming for significant growth in gold resources and production capacity by 2027 [1] Group 1: Resource and Production Goals - The plan aims for a growth of over 5% in gold resource volume by 2027, establishing a positive cycle where newly discovered resources exceed production consumption [1] - Gold mining production capacity is expected to expand by over 10%, with large and medium-sized mines accounting for 70% of the total [1] - Gold production is targeted to increase by over 5% [1] Group 2: Industry Structure and Development - The plan includes the establishment of one new 25-ton group and one new 10-ton enterprise, with the goal of having over five gold enterprise groups [1] - The application of key common technologies and equipment for deep exploration, mining, and non-cyanide gold extraction will be accelerated [1] Group 3: Efficiency and Sustainability - The plan emphasizes improving the recovery rates of gold mining and mineral processing, as well as the comprehensive utilization rate of associated minerals [1] - The comprehensive utilization rate of solid waste is targeted to increase to 35% [1]

Core Viewpoint - The company is conducting a valuation adjustment for a 40% stake in Asia Pacific Mining and plans to further acquire an additional 11% stake, aiming to enhance its control over valuable gold resources and improve its core competitiveness [1][6]. Group 1: Investor Meeting Overview - The investor meeting was held on August 1, 2025, to discuss the valuation adjustment and further acquisition of Asia Pacific Mining [1]. - Key executives, including the chairman and financial director, participated in the meeting to engage with investors [1]. Group 2: Responses to Investor Questions - The company confirmed that the new mineral resources law positively impacts the transition from exploration to mining rights, and it will adhere to national policies [2]. - The company is actively evaluating further acquisition opportunities that align with its long-term development goals [2]. - Asia Pacific Mining's project has been included in a list of key mining projects by local authorities, which will facilitate project financing [2]. Group 3: Valuation Adjustment and Acquisition Details - The valuation adjustment is based on a 40% increase in value, and the company will negotiate the re-evaluated value with the transaction counterpart [4][5]. - The company aims to enhance its precious metal resource reserves and improve profitability through this acquisition [6]. - The previous valuation report indicated a significant increase in asset value from 2.595 billion to 3.478 billion and 4.38 billion, reflecting a substantial appreciation [7][10]. Group 4: Changes in Mining Operations - The mining operation has shifted to include oxidized ore, which has improved economic feasibility due to rising gold prices [8]. - The production process has been optimized to align with current environmental standards, reducing costs and improving efficiency [8]. Group 5: Financial Management and Debt - Asia Pacific Mining is expected to manage its debts through operational cash flows and financial institution loans, without relying on the parent company's funds [10]. - The company clarified that the higher interest rates on loans from non-financial institutions were due to the limited financing options available during the initial stages of operation [10].

Group 1 - Domestic gold companies have reported significant profit increases for the first half of 2025, with 中金黄金 (China National Gold) expecting a net profit of 2.614 billion to 2.875 billion yuan, a year-on-year increase of 50%-65% [2] - 西部黄金 (Western Gold) anticipates a net profit of 130 million to 160 million yuan, reflecting a year-on-year increase of 96.35%-141.66% [2] - 湖南黄金 (Hunan Gold) projects a net profit of 613 million to 701 million yuan, a year-on-year increase of 40%-60% [2] - 紫金矿业 (Zijin Mining) expects a net profit of approximately 23.2 billion yuan, a year-on-year increase of about 54% [2] - 赤峰黄金 (Chifeng Gold) forecasts a net profit of 1.08 billion to 1.13 billion yuan, a year-on-year increase of 52.01%-59.04% [3] - 山金国际 (Shan Jin International) anticipates a net profit of 1.54 billion to 1.64 billion yuan, a year-on-year increase of 43.24%-52.55% [3] - 山东黄金 (Shandong Gold) expects a net profit of 2.55 billion to 3.05 billion yuan, with the highest year-on-year growth among gold mining companies at 84.3%-120.5% [3] Group 2 - The strong performance of gold mining companies is primarily driven by a significant increase in gold prices, with London spot gold prices rising over 25% in the first half of 2025, marking the largest half-year increase since the second half of 2007 [3] - Despite fluctuations in international gold prices, the demand for gold as a safe-haven asset remains strong, supported by global central banks' willingness to hold gold [3] Group 3 - Gold mining companies are increasing production to capitalize on rising prices, with 紫金矿业 reporting a 17% year-on-year increase in gold production to 410,000 tons [4] - Leading mining companies are accelerating capacity expansion and resource reserves [5] - 山东黄金 is developing gold mining projects in Gansu, with an estimated resource of over 80 tons and an annual production of 5 to 6 tons [6] - 紫金矿业 has completed acquisitions of gold mining projects in Ghana and Kazakhstan, with annual production capacities of 5.8 tons and 5.5 tons, respectively [6] Group 4 - A recent implementation plan for the gold industry (2025-2027) aims to enhance resource security and innovation, targeting a 5%-10% increase in gold resources and production by 2027 [7] - The plan emphasizes the importance of gold as a strategic mineral resource for national industrial and financial security [7] - The gold industry in China has rapidly developed, becoming the largest producer and consumer globally, but still faces challenges in resource security and technology [7]

Core Viewpoint - The "Implementation Plan for High-Quality Development of the Gold Industry (2025-2027)" outlines a roadmap for the gold industry, emphasizing resource enhancement, technological innovation, and international cooperation to address the challenges of resource scarcity and high dependency on imports [1][4]. Group 1: Resource Development and Production - The plan prioritizes "promoting domestic resource increase and production," aiming for a 5%-10% growth in gold resources and over 5% in gold and silver production by 2027, with a focus on exploration in western regions [1][4]. - China's gold resource endowment is limited, with only about 5.85% of the global gold reserves, necessitating a long-term strategy for resource enhancement [1]. Group 2: Technological Innovation - The plan emphasizes "strengthening key technology and equipment breakthroughs," targeting challenges in deep mining, efficient smelting, and green mining, with a focus on specific technological directions [2]. - The promotion of high-purity gold and silver alloy materials is a new highlight, indicating a future integration of gold material development with emerging industrial applications [2]. Group 3: Industry Integration and Safety - The plan encourages "guiding enterprises to strengthen, optimize, and expand," addressing the fragmentation in the gold industry and promoting the formation of globally competitive leading enterprises [3]. - It continues to stress the importance of "enhancing safety production levels" and "accelerating digital transformation," with specific applications in areas like rock microseismic monitoring and unmanned underground operations [3]. Group 4: International Cooperation - The plan calls for "deepening overseas investment cooperation," highlighting the importance of securing global supply chains amid a significant supply-demand gap in gold [4]. - It emphasizes the need for enterprises to engage in global supply chain systems and fulfill social responsibilities, aligning with the Belt and Road Initiative [4]. Group 5: Strategic Opportunities - The next three years present a window for industry integration and upgrading, urging leading gold enterprises to focus on key technology, green resource utilization, high-end product development, and international collaboration to enhance competitiveness [5].

Core Viewpoint - The "Implementation Plan for High-Quality Development of the Gold Industry (2025-2027)" aims to enhance China's gold resource security and innovation levels, targeting a 5% to 10% increase in gold resources and over 5% growth in gold and silver production by 2027 [1][2]. Group 1: Industry Development Goals - By 2027, the plan aims to break through key common technologies and equipment, significantly enhancing the supply capacity of high-end new materials for gold and silver in sectors such as new-generation electronic information, aerospace, high-end medical devices, and new energy [2]. - The plan is expected to drive qualitative leaps in the gold industry through tackling "bottleneck" technologies, equipment upgrades, and digital transformation, ultimately promoting high-quality development [2][3]. Group 2: Technological and Structural Innovations - The plan emphasizes improving technological innovation levels and promoting the transformation and upgrading of the gold industry, including advancements in deep well exploration, green efficient smelting, and the development of high-end new materials [1][2]. - It aims to establish a self-controlled resource security system through innovation-driven strategies, facilitating a deep transformation from scale expansion to quality and efficiency [2]. Group 3: Collaborative Governance and Policy Integration - The plan is a collaborative effort from nine departments, breaking the "multiple management" pattern and integrating resources across various sectors, thus addressing bottlenecks in the entire industry chain from exploration to recycling [3]. - The successful implementation of the plan relies on cooperation among government, enterprises, and industry associations, providing a clear roadmap for the gold industry's development over the next three years [3]. Group 4: Current Industry Landscape - China has rapidly developed into the world's largest gold producer and consumer, with a gold production of 377 tons in 2024, maintaining the global lead for 18 consecutive years, and a consumption of 985 tons, leading for 12 years [3]. - Despite this growth, the industry faces challenges such as insufficient resource security and the inability of key technologies and equipment to meet demand [3].

Core Viewpoint - The implementation plan for the high-quality development of the gold industry in China aims to enhance resource security and innovation levels by 2027, targeting a 5% to 10% increase in gold resource volume and over 5% growth in gold and silver production [1][5][10]. Industry Development - China's gold industry has rapidly developed, becoming the world's largest producer and consumer of gold, with a production of 377 tons in 2024 and a consumption of 985 tons, maintaining the top position for 18 and 12 consecutive years respectively [5][9]. - The industry faces challenges such as insufficient resource security and the inability of key technologies and equipment to meet demand, prompting the need for the implementation plan [5][6]. Technological Innovation - The plan emphasizes technological innovation as a core driver for high-quality development, aiming to break through key common technologies and equipment for mining and processing, including applications for mining below 2000 meters and cyanide-free gold extraction [6][8]. - The application of intelligent and digital technologies in mining operations is transforming traditional production methods, significantly improving efficiency and safety [7][8]. Resource Security Enhancement - The implementation plan outlines measures to enhance resource security, including promoting exploration in key western regions, increasing resource reserves, and improving recovery rates of gold and silver from low-grade and difficult-to-process resources [7][8]. - Encouragement of secondary resource development from tailings and electronic waste is also part of the strategy to strengthen resource security [7]. Market Opportunities - The domestic gold consumption market remains robust, with a growing demand for personalized and high-quality gold jewelry, alongside a steady increase in investment gold products [9][10]. - The industrial demand for gold is rising due to its applications in electronics, aerospace, and high-end medical devices, driven by advancements in technologies such as 5G and artificial intelligence [9][10]. Future Outlook - Experts believe that the implementation of the plan will create new development opportunities for the gold industry, enhancing resource security, promoting technological innovation, and driving industry upgrades [10].