每经记者｜吴泽鹏 每经编辑｜陈柯名 张益铭 湖南黄金（SZ002155）在1月12日宣布，计划以发行股票方式收购两家关联公司，分别是湖南黄金天岳矿业有限公司（以下简称黄金天岳）及湖南中南黄 金冶炼有限公司（以下简称中南冶炼），交易事项尚处于筹划阶段，尚未披露详细方案。 此外，记者查询到，作为此次主要的交易对手，湖南黄金集团有限责任公司持有湖南黄金5.48亿股股份，是湖南黄金的控股股东，根据湖南黄金2025年第 三季度报告，这一持股数量对应的持股比例为35.06%。这也意味着，此次交易是控股股东将相应的黄金资源"装入"上市公司平台。 湖南黄金拟收购2家黄金公司 1月12日，湖南黄金宣布停牌，预计停牌时间不超过10个交易日。湖南黄金称，公司目前正与标的公司各股东接洽，拟以发行股份方式购买中南冶炼100% 股权及黄金天岳100%股权。 《每日经济新闻》记者注意到，中南冶炼成立于2006年8月，是湖南黄金集团有限责任公司的全资子公司，而黄金天岳则由湖南黄金集团有限责任公司、 湖南天岳投资集团有限公司分别持股51%、49%。 至于两家收购标的，目前公告所介绍的内容不多，不过，在公开渠道及湖南黄金历史公告中，可以查询到不 ...

每日经济新闻消息，湖南黄金（SZ002155，股价22.97元，市值358.94亿元）在1月12日宣布，计划以发 行股票方式收购两家关联公司，分别是湖南黄金天岳矿业有限公司（以下简称黄金天岳）及湖南中南黄 金冶炼有限公司（以下简称中南冶炼），交易事项尚处于筹划阶段，尚未披露详细方案。 《每日经济新闻》记者查询到，中南冶炼年处理金精矿8万吨，年产黄金4吨。黄金天岳则更有来头： 2024年11月，有媒体发布"湖南平江发现超40条金矿脉，远景储量超1000吨，估值达6000亿元"，报道中 的"湖南平江县万古金矿田"覆盖了黄金天岳所拥有的5个采矿权和7个探矿权等区域。 此外，记者查询到，作为此次主要的交易对手，湖南黄金集团有限责任公司持有湖南黄金5.48亿股股 份，是湖南黄金的控股股东，根据湖南黄金2025年第三季度报告，这一持股数量对应的持股比例为 35.06%。这也意味着，此次交易是控股股东将相应的黄金资源"装入"上市公司平台。 湖南黄金拟收购2家黄金公司 1月12日，湖南黄金宣布停牌，预计停牌时间不超过10个交易日。湖南黄金称，公司目前正与标的公司 各股东接洽，拟以发行股份方式购买中南冶炼100%股权及黄金天岳 ...

Core Insights - Zijin Mining International (02259) reported a gold production of 32 tons and a revenue of $3.415 billion with a net profit of approximately $905 million for the nine months ending September 30, 2025 [1] Financial Performance - The All-In Sustaining Cost (AISC) for the first nine months of 2025 was $1,574 per ounce, an increase from $1,458 per ounce in 2024, primarily due to a significant rise in gold prices affecting the equity royalties [1] - For the first half of 2025, the Bogala Gold Mine produced an equity gold output of 1,357 kilograms, while for the third quarter (July to September), the output was 767 kilograms, which is included in the company's total production [1] Strategic Developments - The company successfully completed the acquisition and delivery of two major projects: the Akim Gold Mine in Ghana and the Raygorodok Gold Mine in Kazakhstan, enhancing its gold resource reserves [1] - Both mines have started contributing to production and profits, leading to improved investment returns [1] - In the fourth quarter of 2025, the company plans to capitalize on rising gold prices by increasing production and efficiency, while also focusing on cost control and optimizing gold recovery rates at its mines [1]

Company Overview - Zijin Gold International is a leading global gold mining company, integrating all gold mines owned by Zijin Mining outside of China, primarily engaged in gold exploration, mining, processing, smelting, refining, and sales[1] - As of the last feasible date, the company holds interests in 8 gold mines located in resource-rich areas across Central Asia, South America, Oceania, and Africa[6] Industry Status and Growth - Global gold demand is expected to grow steadily, with a compound annual growth rate (CAGR) of 5.8% from 2020 to 2024, driven by increased central bank reserves and investment demand[28] - Global gold production is projected to experience moderate growth, with a 2024 output of 116.3 million ounces, reflecting a CAGR of 1%[30] Financial Performance - The company reported revenues of $1,818.0 million, $2,262.4 million, and $2,989.9 million for the years 2022, 2023, and 2024, respectively, with a CAGR of 28.2%[25] - Net profit attributable to shareholders for the same years was $183.7 million, $230.4 million, and $481.4 million, achieving a CAGR of 61.9%[25] Production and Cost Efficiency - The company ranks first among the top fifteen global gold producers in terms of production growth rate, with a CAGR of 21.4% from 2022 to 2024[6] - The all-in sustaining cost (AISC) for gold production is approximately $1,458 per ounce, placing the company in the lower tier among its peers[19] IPO and Capital Utilization - The IPO is set for September 29, 2025, with a total issuance amount of approximately HKD 249.84 billion, and net proceeds expected to be HKD 244.70 billion[5] - Approximately 33.4% of the net proceeds will be used to acquire the Raygorodok gold mine in Kazakhstan, while 50.1% will fund upgrades and construction projects for existing mines[8] Strategic Advantages - The company possesses strong geological exploration capabilities and cost-effective expansion construction, driving sustainable organic growth[3] - A visionary management team with extensive expertise and global insights supports the company's strategic direction and operational excellence[3] Risks and Challenges - Fluctuations in gold prices may adversely affect the company's performance, alongside geopolitical and operational risks associated with operating in multiple countries[4] - The company faces uncertainties related to exploration results and potential illegal mining activities[4]