（文章来源：证券日报） 证券日报网讯 1月21日，华锡有色发布公告称，公司于2026年1月20日召开了第九届董事会第二十六次 会议（临时），审议通过了《关于增加聘任公司证券事务代表的议案》，同意聘任梁丹丹女士为公司证 券事务代表。 ...

随着国际金价的突破上行，黄金股重获市场青睐。 实际上，四川黄金并非黄金板块的热门标的，一直以来也是鲜有机构关注该公司，比如收录的最新一份卖方 研报还要追溯到2025年3月。 过去一年，在申万黄金板块整体实现95%涨幅的情况下，四川黄金同期涨幅仅为34.8%，板块内排名倒数第 二。 不过，因为已经逐步进入年报季，二级市场变得更为注重业绩增长的弹性和确定性。而从这个维度比较，处 于产业链最上游的金矿企业，无疑要明显强于中游冶炼、下游消费企业。 加之四川黄金具备"补涨"需求，最终被二级市场选择成为了黄金股的阶段性龙头，并在过去的五个交易日里 取得三个涨停。 盈利增长预期明确 1月21日午后，现货黄金价格一度升至4888美元/盎司，月度涨幅超过13%，逼近5000美元整数价位。 商品、股票市场共振之下，黄金股取得了更为突出的涨幅，当天四川黄金（001337）、招金黄金（000506） 等多只贵金属板块个股涨停，其中四川黄金月度涨幅已经扩大至57%，创出公司2023年上市以来的历史新 高。 | 代码 | 名称 | 现价 | 涨跌幅 | 5日涨跌幅 | | --- | --- | --- | --- | --- | | ...

Group 1 - The company Huayun Titanium Industry's wholly-owned subsidiary, Qinghe Huayun Mining Co., Ltd., is engaged in non-ferrous metal mining and has obtained exploration rights for the "Xinjiang Qinghe Akvana Vanadium-Titanium Magnetite Mine," currently in the preliminary exploration stage [2] - The company's controlling subsidiary, Guangnan Chenxiang Mineral Development Co., Ltd., focuses on the mining, processing, and sales of titanium ore and holds mining rights for the "Guangnan Sandou Namo Titanium Mine," which contains titanium iron ore and associated magnetite, and is currently in the process of obtaining relevant mining permits [2]

Group 1 - The core viewpoint of the article indicates that Luoyang Molybdenum (03993) is expected to meet preliminary performance expectations for 2025, primarily driven by copper production exceeding guidance [1] - Management has guided that copper production will further increase by 2.6% to 10.7% year-on-year in 2026 [1] - The cobalt export quota from the Democratic Republic of Congo reflects a structural tightening in global supply, positively impacting prices and benefiting large producers like Luoyang Molybdenum [1] Group 2 - The company has enhanced its financial flexibility by issuing $1.2 billion in zero-coupon convertible bonds, with limited dilution risk [1] - The rating has been maintained at "Buy," with the target price raised to HKD 24 from the previous HKD 20.3 [1]

智通财经APP获悉，洛阳钼业(03993)涨近2%，截至发稿，涨1.76%，报21.94港元，成交额8.71亿港元。 消息面上，近日，洛阳钼业发盈喜，预计2025年净利润为200亿至208亿元人民币(下同)，同比增长48% 至54%。大摩指出，公司符合市场预期202亿元，单计去年第四季净利润介乎57至65亿元，按季升2%至 16%。管理层表示，业绩理想主要受惠于产量及价格同步上升，加上成本控制得宜。公司计划2026年铜 产量为76万至82万吨，按中位数计算同比增长7%。并计划每年来自新收购巴西金矿的黄金产量为6吨至 8吨，目标今年第一季完成收购。 大华继显表示，洛阳钼业2025年初步业绩符合预期，主要受铜产量超越指引所带动，管理层更指引2026 年铜产量将进一步按年增长2.6%至10.7%。该行续指，刚果钴出口配额反映全球供应结构性收紧，并已 推动价格显着反应，对洛阳钼业等大型生产商有利。此外，公司透过发行12亿美元零息可换股债券增强 了资金灵活性，且摊薄风险有限。 ...

大华继显发表研究报告指，洛阳钼业2025年初步业绩符合预期，主要受铜产量超越指引所带动，管理层 更指引2026年铜产量将进一步按年增长2.6%至10.7%。该行指，刚果的钴出口配额反映全球供应结构性 收紧，并已推动价格显著反应，对洛阳钼业等大型生产商有利。此外，公司透过发行12亿美元零息可换 股债券增强了资金灵活性，且摊薄风险有限；维持"买入"评级，将目标价由20.3港元上调至24港元。 ...

Core Viewpoint - Luoyang Molybdenum Co., Ltd. plans to issue $1.2 billion of zero-coupon convertible bonds due in 2027, backed by its indirect subsidiary CMOC Capital Limited, to enhance its capital structure and support overseas resource projects [1][16]. Group 1: Transaction Overview - The company intends to issue $1.2 billion in convertible bonds, with a conversion price of HKD 28.03 per share, representing a premium of approximately 28.70% over the last closing price of HKD 21.78 on January 19, 2026 [2][12]. - If fully converted at the initial conversion price, the bonds will convert into approximately 333,739,565 H-shares, accounting for about 8.48% of the existing H-shares and 1.56% of the total issued shares [2][12]. Group 2: Use of Proceeds - The net proceeds from the bond issuance, estimated at approximately $1,187.5 million, will be used to support the expansion, optimization, and ongoing capital expenditures of the company's overseas resource projects, as well as to enhance working capital flexibility [15][16]. Group 3: Benefits of Issuing Bonds - The board believes that issuing the bonds provides an opportunity to diversify the shareholder base, improve liquidity, reduce financing costs, and raise additional working capital, which will promote the overall development and expansion of the company [16]. Group 4: Regulatory and Approval Process - The company will apply for the listing of the bonds on the Vienna Stock Exchange and for the conversion shares on the Hong Kong Stock Exchange, with no further shareholder approval required for the bond issuance and share allocation [3][16]. - The issuance is subject to several conditions, including satisfactory due diligence and compliance with regulatory requirements, including filings with the China Securities Regulatory Commission [8][9]. Group 5: Company Background - Luoyang Molybdenum Co., Ltd. is a leading producer in the non-ferrous metal mining industry, primarily engaged in the mining and processing of base and rare metals, with operations across Asia, Africa, South America, and Europe [20]. - The company ranks 138th in the 2025 Fortune China 500 and 630th in the 2025 Forbes Global 2000 [20].

Core Viewpoint - The company, Nepean Mining, has announced significant investments in the Alacran copper-gold-silver mine in Colombia, indicating a strategic move to enhance its resource portfolio and capitalize on valuable mineral reserves [1] Investment Details - The company will hold a board meeting on May 7, 2025, to approve an investment of $45 million for a 22.5% stake in the Alacran mine project [1] - A second extraordinary shareholders' meeting is scheduled for July 10, 2025, to approve an additional investment of $94.59 million for the construction of the mine [1] Resource Estimates - The feasibility study estimates the mine's copper reserves at approximately 402,900 tons, gold reserves at 23.5 tons, and silver reserves at 260 tons [1] - The total estimated value of the mineral reserves, based on current market prices, is around 50 billion yuan [1] Project Timeline - The mine is currently in the environmental assessment phase, and construction is expected to commence once the environmental approval is obtained [1] - The planned construction period for the mine is two years [1]

Core Viewpoint - The company has achieved a significant milestone in mineral resource reserves, with new findings in tungsten and other associated minerals, indicating a breakthrough in geological exploration [2][3]. Group 1: Mineral Resource Findings - The company’s subsidiary, Hunan Shizhu Garden Nonferrous Metals Co., Ltd., has reported an increase in mineral resources, including 91,700 tons of tungsten, 24,426,000 tons of associated fluorite, 63,300 tons of bismuth, 133,700 tons of tin, and 13,600 tons of molybdenum [2]. - After the recent assessment, the total reserves for tungsten stand at 678,700 tons, with associated fluorite at 6,676,900 tons, bismuth at 277,300 tons, tin at 238,300 tons, and molybdenum at 113,600 tons [2]. Group 2: Production Capacity and Strategic Implications - The company currently has a tungsten ore processing capacity of 2,354,000 tons per year and is implementing a technical transformation project aimed at increasing this capacity to 3,500,000 tons per year [3]. - The newly added reserves will extend the lifespan of the mining operations and support the sustainable development of strategic mineral resources, although the increase in reserves will not impact current production levels due to government restrictions on tungsten mining [3].

Core Viewpoint - The company, Zhongtung Gaoxin, announced that its wholly-owned subsidiary, Shizhu Garden, has received a mineral resource reserve review response from the Hunan Provincial Department of Natural Resources, confirming significant increases in various mineral reserves [1] Group 1: Mineral Resource Increases - The confirmed increase in tungsten metal reserves amounts to 91,700 tons [1] - The company also reported an increase in associated fluorite mineral reserves of 24,426,000 tons [1] - Additional increases include bismuth metal reserves of 6,330 tons, tin metal reserves of 13,370 tons, and molybdenum metal reserves of 1,360 tons [1] Group 2: Impact on Operations - The increase in reserves will not have a direct impact on the company's current production operations and financial situation [1]