Core Viewpoint - The mining giant Luoyang Molybdenum Co., Ltd. is acquiring gold assets from Equinox Gold for $1.015 billion, aiming to enhance its gold production capabilities amid high international gold prices [2][5][14]. Group 1: Acquisition Details - The acquisition involves 100% equity of LatAm and LGC, which includes four operating gold mines: Aurizona, RDM, and the Bahia complex [2][9]. - The total gold resource of the acquired assets is 5.013 million ounces, with an average grade of 1.88 grams per ton [11]. - The transaction price consists of $900 million at closing and up to $115 million contingent on gold sales in the first operational year [14][15]. Group 2: Production and Financial Impact - The Aurizona mine is expected to produce between 70,000 to 90,000 ounces of gold in 2025, while RDM is projected to yield 50,000 to 60,000 ounces [11]. - The Bahia complex is estimated to produce 125,000 to 145,000 ounces in 2025, contributing to an overall increase of approximately 8 tons in annual gold production for the company [12][18]. - Luoyang Molybdenum's revenue for the first three quarters of the year reached 145.485 billion yuan, with a net profit of 14.280 billion yuan, marking a 72.61% year-on-year increase [18]. Group 3: Strategic Importance - The acquisition aligns with the company's strategy to diversify its resource portfolio, focusing on both copper and gold, while also considering expansion into other metals [15]. - The company aims to leverage the stable geopolitical environment in Brazil to enhance its resource base in South America [15]. - This transaction is part of a broader strategy to achieve a production target of over 20 tons of gold annually, following previous acquisitions [18].

公司投资并购战略聚焦铜和金，2025年6月在南美厄瓜多尔刚完成了首笔金矿投资 此次交易对价中，9亿美元是交割时需要支付的现金，另外最高1.15亿美元现金的支付条件与交割后首个运营年度黄金 销售量挂钩。 洛阳钼业表示，交易符合公司以铜和金为主的投资并购战略规划。洛阳钼业董事长兼首席投资官刘建锋表示："洛阳钼 业看好黄金资产的长期市场前景，交易也是在落实公司'铜金双极'的并购战略。" 洛钼在2025年6月完成了首笔纯金矿投资，以5.81亿加元对价收购南美厄瓜多尔Cangrejos金矿项目，该矿目前处于勘探 阶段，计划2028年投产，年产金约11.5吨。待Cangrejos金矿投产，洛阳钼业黄金年产量有望突破20吨。 对于最新的收购，洛阳钼业表示，巴西金矿资源丰富，地缘政治相对稳定，并可与公司已有的巴西业务协同。 …… 作者｜罗国平 赵煊 洛阳钼业12月15日宣布，将以总计不超过10.15亿美元的对价，收购加拿大黄金企业Equinox Gold（TSX：EQX，NYSE- A：EQX）位于巴西四个在产金矿100%权益，收购预计将于2026年一季度完成交割。 ...

Market Overview - The Hong Kong stock market faced downward pressure, with the Hang Seng Index and the Hang Seng China Enterprises Index both declining over 1%, and the Hang Seng Tech Index dropping over 2% [1] - The Hang Seng Index closed down 1.34% or 347.91 points at 25,628.88 points, with a total trading volume of HKD 204.29 billion [1] - Dongwu Securities believes that the Hong Kong stock market is still in the pre-rebound phase, indicating attractive long-term positioning despite ongoing risks [1] Blue-Chip Stocks Performance - Li Ning (02331) led the blue-chip stocks, rising 5.43% to HKD 18.64, contributing 3.53 points to the Hang Seng Index [2] - Other notable blue-chip performances included New Oriental-S (09901) up 2.81%, China Ping An (02318) up 2.35%, while Hansoh Pharmaceutical (03692) fell 7.58% and SMIC (00981) dropped 4.43% [2] Sector Performance - Major technology stocks generally declined, with Alibaba down 3.57% and Tencent down 2.11%, amid renewed concerns over an AI bubble following disappointing earnings from leading AI companies [3] - Gold stocks saw significant gains, with Zijin Mining (02259) up 7.76% and Chifeng Jilong Gold Mining (06693) up 5.59%, as international gold prices approached historical highs [3][4] - The insurance sector performed well, with China Ping An reaching a four-year high, supported by regulatory changes that allow for more long-term investment funds [5][6] Notable Stock Movements - Cloudtop New Horizon (01952) saw a rise of 4.55% to HKD 46.88, with significant share purchases by key executives [7] - Sanhua Intelligent Control (002050) faced pressure, dropping 7.25% to HKD 33.78, ahead of a significant cornerstone investor lock-up expiration [8]

CMOC Limited拟以10.15亿美元(包括：交割时支付9亿美元现金，以及在交割一年后与销量挂钩的最高 1.15亿美元的或有现金支付)，通过收购EQX旗下Leagold LatAm Holdings B.V.(以下简称"LatAm") 和 Luna Gold Corp.(以下简称"LGC")100%股权，获得Aurizona金矿、RDM金矿、Bahia综合矿区100% 权 益。 洛阳钼业（603993）(03993)逆市涨超3%，截至发稿，涨2.92%，报18.7港元，成交额2.2亿港元。 消息面上，12月15日，洛阳钼业发布公告，洛阳栾川钼业集团股份有限公司(以下简称"公司")控股子公 司洛阳钼业控股有限公司(以下简称"CMOC Limited")及其下属新设全资子公司17536682 Canada Inc.于北 京时间2025年12月14日与加拿大上市公司Equinox Gold Corp.(以下简称"EQX") 及其全资子公司Leagold Mining Corporation签署协议。 ...

Group 1 - The core viewpoint of the article is that Datang Gold (08299) has made significant progress towards transitioning to the main board of the Hong Kong Stock Exchange, which is expected to enhance its market position and attract more investors [1][3][4] - Datang Gold submitted an updated application for the main board listing on December 12, indicating a steady advancement in its transition process [1][3] - The company meets the financial testing standards required for the transition, including profitability and market capitalization tests, and has maintained a strong trading volume on the Growth Enterprise Market [3][4] Group 2 - The introduction of a simplified transition mechanism by the Hong Kong Stock Exchange in 2024 has optimized the approval process, with recent successful transitions taking only 3-4 months [3][4] - A successful transition to the main board is expected to improve liquidity and valuation for Datang Gold, as companies on the main board typically benefit from a broader investor base and a more refined valuation system [4][6] - Datang Gold has experienced substantial revenue and profit growth, with a reported revenue of HKD 1.095 billion for the first half of 2025, representing a year-on-year increase of 103.6%, and a net profit of HKD 42.77 million, up 201.1% [4][5] Group 3 - The company has appointed industry expert Wang Dongsheng as chief advisor, which is anticipated to enhance its growth potential through improvements in resources, talent, and technology [5][6] - The transition to the main board is seen as a critical step for Datang Gold to unlock its valuation ceiling, potentially attracting institutional investments and reflecting its true intrinsic value [6]

本期编辑：王淇 据了解，新成立的省黄金矿产品质量检验检测中心将依托原有综合检验检测平台的技术积累与资源优 势，聚焦黄金矿产品核心环节，提供精准、高效、权威的检验检测服务。通过标准化检测流程、专业化 技术支撑，助力企业提升产品质量管理水平，规范市场运行秩序，同时为政府监管部门开展质量监管、 产业政策制定提供科学依据，进一步夯实繁峙县黄金产业高质量发展的技术基础。 该中心负责人表示，将持续深化检验检测技术创新，拓展检测能力范围，提升服务响应效率，全力打造 黄金矿产品质量检验检测标杆平台，为推动繁峙县黄金产业集群化、规范化发展，构建特色产业高质量 发展新格局提供坚实保障。 近日，山西省黄金矿产品质量检验检测中心在繁峙县正式揭牌成立，标志着该县在黄金产业优化升级、 技术服务体系建设上迈出关键一步，将为区域特色产业规范化发展注入强劲动能。 作为国家第二批县级食品安全检验检测资源整合试点，繁峙县综合检验检测中心历经多年发展，已构建 起覆盖多领域的综合检验检测能力。中心先后取得检验检测机构资质认定（CMA）、农产品质量安全 检测机构考核（CATL）等多项权威资质认证，业务范围涵盖食品、农产品、矿产品、农业产地环境以 及法定 ...

Group 1: Gold Stocks Performance - Gold stocks rose against the market trend, with Zijin Mining International (02259) up 6.73%, Chifeng Jilong Gold Mining (06693) up 3.16%, and Tongguan Gold (00340) up 0.35%. As of the end of November, China's gold reserves reached 74.12 million ounces, an increase of 30,000 ounces from the previous month [1]. Group 2: Company Announcements - Luoyang Molybdenum (03993) increased by 1.43%. On December 15, the company announced a deal with Equinox Gold Corp. and its subsidiary for a transaction set for December 14, 2025 [1]. - Energy and Energy Global (01142) saw a midday rise of over 10%, currently up 1.25%. The company received a summons from Daily Loyal Limited regarding a breach of a global settlement agreement dated October 25, 2024 [2]. - Yihua Tong (02402) rose nearly 4%. On December 12, the company announced the successful delivery of its 100kW fuel cell generator set to a customer in Australia for a distributed generation project in Brisbane [2]. - Chinese dairy stocks were active, with YouRan Dairy (09858) up 9.07%, Modern Dairy (01117) up 5.07%, China Feihe (06186) up 2.18%, and Mengniu Dairy (02319) up 1.64%. The National Medical Insurance Administration released several data and measures during a meeting on December 13 [2]. Group 3: Securities Firms and Technology - Chinese securities firms rose against the market, with China Merchants Securities (06099) up nearly 4%, Dongfang Securities (03958) up 2.47%, and Shenwan Hongyuan (06806) up 1.96%. Recent announcements indicated an increase in margin trading business limits [3]. - UBTECH Robotics (09880) increased by 0.7%. A strategic partnership was formed with Texas Instruments, which has procured UBTECH's Walker S2 industrial humanoid robot for deployment on its production line [3]. Group 4: Market Trends and Stock Movements - The optical communication sector fell across the board, with Yangtze Optical Fibre and Cable (06869) down 8.33%, Hongte Precision (06088) down 5%, and Cambridge Technology (06166) down 4.49%. Reports indicated delays in Oracle's OpenAI data center projects due to labor and material shortages [3]. - Via Biotechnology (01873) initially surged over 13% but later fell 1.03%. On December 13, Sobi announced an acquisition agreement with Via Biotechnology's incubated company Arthrosi [3]. Group 5: Energy Sector Developments - China Energy Storage (02399) rose nearly 2%. The company announced plans to issue a total of 524 million subscription shares to 31 subscribers, representing approximately 14.68% of the expanded issued share capital [4]. Group 6: US Market Overview - Major tech stocks in the US mostly declined, with Broadcom (AVGO.US) down 11.43%, Micron Technology (MU.US) down 6.7%, and Oracle (ORCL.US) down 4.47%. The US Supreme Court is set to rule on the legality of comprehensive tariffs introduced by Trump, which could impact the stock market [5]. - Storage-related stocks fell, with SanDisk (SNDK.US) down 14.66% and Western Digital (WDC.US) down 5.8%. Concerns over AI investments led to a market pullback [5]. - Electric vehicle stocks rose, with Tesla (TSLA.US) up 2.7% and Rivian Automotive (RIVN.US) up 12.11%. Rivian announced the development of its AI chip "RAP1" for its R2 SUV [6]. - Lululemon Athletica (LULU.US) rose 9.6% after reporting a 7% increase in revenue to $2.6 billion for Q3 of fiscal 2025, with same-store sales up 1% [6].

洛阳钼业方面表示，本次交易符合公司以铜和金为主的投资并购战略规划，有利于进一步培厚公司资源 储备。公司董事长兼首席投资官刘建锋称，公司看好黄金资产的长期市场前景，巴西资源丰富且地缘政 治相对稳定，该项目将与洛阳钼业在巴西的现有业务形成协同。 此次交易预计将于2026年第一季度完成交割，尚需获得巴西及中国相关监管机构的批准。这是继今年4 月收购厄瓜多尔凯歌豪斯金矿后，洛阳钼业在黄金领域的又一次重大布局。公司公告预计，待本次交易 完成，其黄金业务年产量将新增约8吨；待厄瓜多尔项目投产后，公司整体黄金年产量有望突破20吨。 （市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。） 本文源自：市场资讯 洛阳钼业12月15日早间发布公告，宣布其控股子公司CMOC Limited及其下属新设全资子公司，已于北 京时间12月14日与加拿大上市公司Equinox Gold Corp.及其全资子公司签署协议。根据协议，CMOC Limited将以总计10.15亿美元的对价，收购Equinox Gold旗下位于巴西的三座金矿资产100%的权益。 公告显示，此次交易对价包括交割时支付的9亿美元现金， ...

消息面上，12月15日，洛阳钼业发布公告，洛阳栾川钼业集团股份有限公司(以下简称"公司")控股子公 司洛阳钼业控股有限公司(以下简称"CMOC Limited")及其下属新设全资子公司17536682 Canada Inc.于北 京时间2025年12月14日与加拿大上市公司Equinox Gold Corp.(以下简称"EQX") 及其全资子公司Leagold Mining Corporation签署协议。 智通财经APP获悉，洛阳钼业(03993)逆市涨超3%，截至发稿，涨2.92%，报18.7港元，成交额2.2亿港 元。 CMOC Limited拟以10.15亿美元(包括：交割时支付9亿美元现金，以及在交割一年后与销量挂钩的最高 1.15亿美元的或有现金支付)，通过收购EQX旗下Leagold LatAm Holdings B.V.(以下简称"LatAm") 和 Luna Gold Corp.(以下简称"LGC")100%股权，获得Aurizona金矿、RDM金矿、Bahia综合矿区100% 权 益。 ...

Core Viewpoint - CMOC Limited, a subsidiary of Luoyang Molybdenum Co., Ltd., has signed an agreement to acquire 100% equity of Leagold LatAm Holdings B.V. and Luna Gold Corp. from Equinox Gold Corp. for a total of $1.015 billion, which includes $900 million in cash at closing and up to $115 million in contingent cash payments based on sales performance after one year [2][6] Group 1: Transaction Details - The acquisition includes four operating gold mines: Aurizona, RDM, and the Bahia Complex [3][6] - Aurizona gold mine, located in Maranhão State, Brazil, is expected to produce between 70,000 to 90,000 ounces of gold in 2025 [3][4] - RDM gold mine, situated in Minas Gerais State, Brazil, is projected to yield 50,000 to 60,000 ounces of gold in 2025 [4][6] - The Bahia Complex consists of Fazenda and Santa Luz mines, with a combined production guidance of 125,000 to 145,000 ounces of gold in 2025 [6] Group 2: Resource and Production Insights - The total gold resources from the acquired assets amount to 5.013 million ounces, with an average grade of 1.88 g/t, and gold reserves of 3.873 million ounces at an average grade of 1.45 g/t [6][7] - Fazenda mine has been operational for nearly 40 years, with cumulative gold production exceeding 3.3 million ounces, and its lifespan is expected to extend to 2033 [5][6] - Santa Luz mine employs open-pit mining and has a higher gold recovery rate than previous carbon-in-leach methods [6] Group 3: Strategic Implications - This acquisition marks another significant achievement for Luoyang Molybdenum in the gold sector, following the acquisition of the Odin mine in Ecuador earlier this year [7] - Post-transaction, the company's annual gold production is expected to increase by approximately 8 tons, potentially exceeding 20 tons with the commencement of operations at the Odin mine [7] - The chairman of Luoyang Molybdenum expressed confidence in the long-term market prospects for gold assets, emphasizing the strategic importance of this acquisition in enhancing the company's resource reserves in South America [7]