Group 1 - First Au Limited (ASX: FAU) is accelerating drilling operations at its Gimlet gold project in Western Australia while also advancing its Nimba project in West Africa, aiming to enhance its gold resource portfolio [3][5][6] - The Gimlet project has received regulatory approval, and a 2,500-meter reverse circulation drilling program has commenced, targeting an inferred resource of 120,000 ounces of gold at a grade of 3.19 g/t Au [5][6] - The Nimba project, located near Endeavour Mining's Ity mine, has confirmed gold mineralization extensions, with an initial 3,000-meter diamond drilling program underway [7][8] Group 2 - The drilling at Gimlet is expected to provide critical geological data to support future open-pit and underground mining studies, enhancing the confidence in the existing resource [5][6] - The Nimba project is strategically positioned within the West African Craton gold belt, with significant nearby resources, indicating strong exploration potential [6][7] - First Au Limited plans to focus on resource expansion, feasibility data acquisition, and project value reassessment over the next 6 to 12 months [8]

Core Viewpoint - The recent surge in international gold prices has prompted major Chinese gold companies to pursue listings in Hong Kong, with Shandong Gold International submitting its IPO application, marking a significant step in its global strategy [3][4]. Group 1: Market Context - Since 2025, international gold prices have risen significantly, with a cumulative increase of approximately 40% in 2023, reaching a record high of $3,829.70 per ounce by September 23 [3]. - Domestic gold prices in China have also seen substantial growth, increasing from RMB 354.8 per gram in Q1 2020 to an expected RMB 614.6 per gram by Q4 2024, with projections to reach RMB 871.2 per gram by Q4 2030 [3]. Group 2: Company Overview - Shandong Gold International is recognized as one of China's leading gold producers, ranking sixth in total gold production within the industry, with an output of 258.4 thousand ounces in 2024 [4][5]. - The company has a strong cost structure, with its all-in sustaining costs for gold production being among the lowest globally, recorded at $754.4 per ounce in 2022 and projected to be $697.1 per ounce in 2025 [5][6]. Group 3: Financial Performance - Shandong Gold International reported revenues of RMB 83.73 billion, RMB 80.95 billion, and RMB 135.80 billion for the years 2022, 2023, and 2024 respectively, with a compound annual growth rate of 27.35% [6][7]. - The company's profit for 2024 reached RMB 24.38 billion, reflecting a year-on-year growth of 55.74%, while the first half of 2025 saw a revenue increase of 42.2% compared to the previous year [7][9]. Group 4: Future Plans - The IPO proceeds are intended for continued development and exploration of mining projects in China and abroad, acquisition of quality mining assets, repayment of debts related to the Osino project, and general corporate purposes [6]. - The company aims to enhance its international presence and optimize its shareholder structure through this listing, thereby strengthening its competitive position in the global market [9].

Group 1 - The IPO of Zijin Gold International has been postponed to September 25 due to severe weather conditions in Hong Kong caused by a typhoon, with Morgan Stanley and CITIC Securities as joint sponsors [1] - As of September 25, the brokers have lent out HKD 480.7 billion in margin financing, with the public offering subscription amounting to HKD 24.98 billion, resulting in an oversubscription of 191.4 times [1] - Zijin Gold International plans to issue 350 million shares, with 10% allocated for public offering at a price of HKD 71.59 per share, aiming to raise HKD 24.98 billion [1] Group 2 - Qualified H-share shareholders of Zijin Mining will have priority to subscribe to 17.45 million reserved shares of Zijin Gold International, representing 5% of the total shares available for subscription [2] - Zijin Mining is not only the major shareholder of Zijin Gold International but also its largest customer and main supplier, with a net payable amount of USD 640 million as of June 30, 2025 [2] - In the previous year, Zijin Gold International reported revenues of USD 2.99 billion, a year-on-year increase of 32.2%, and a net profit attributable to shareholders of USD 480 million, up 108.9% [2] Group 3 - The net proceeds from the IPO will be allocated as follows: approximately 33.4% for settling the acquisition cost of the Raygorodok gold mine in Kazakhstan, 50% for upgrading and construction projects at existing mines, 6.5% for exploration activities, and 10% for general corporate purposes [3]

Core Viewpoint - The IPO of Zijin Gold International has been delayed due to severe weather conditions in Hong Kong, with significant oversubscription and strong backing from cornerstone investors [1][2]. Group 1: IPO Details - The IPO subscription deadline has been postponed from September 24 to September 25, with a total of HKD 480.7 billion in margin loans extended by brokers, resulting in an oversubscription rate of 191.4 times against the public offering amount of HKD 2.498 billion [1]. - Zijin Gold International plans to issue 350 million shares at a price of HKD 71.59 per share, aiming to raise HKD 24.98 billion, with the listing expected on September 30 [1]. - The company has secured full subscription for its international placement, with 28 cornerstone investors committing approximately USD 1.6 billion, representing 49.9% of the global offering [1]. Group 2: Company Background - Zijin Gold International is a spin-off from Zijin Mining Group, primarily engaged in gold exploration, mining, refining, and sales, with operations in Central Asia, South America, Oceania, and Africa [2]. - As of June 30, 2025, the net amount payable to Zijin Mining by Zijin Gold International is USD 640 million, highlighting the close relationship between the two entities [2]. - In the previous year, Zijin Gold International reported revenues of USD 2.99 billion, a year-on-year increase of 32.2%, with a net profit attributable to shareholders of USD 480 million, up 108.9% [2]. Group 3: Use of Proceeds - Approximately 33.4% of the net proceeds from the IPO will be used to settle the acquisition cost of the Raygorodok gold mine in Kazakhstan, while 50% will be allocated for upgrades and construction projects at existing mines to enhance production capacity [3]. - 6.5% of the funds will be directed towards exploration activities to fully realize growth potential, and 10% will be used for general corporate purposes [3].

资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 招金黄金9月25日在互动平台回答投资者提问时表示，目前，斐济瓦图科拉金矿每天采选处理矿石约900 吨—1000吨。香港富林公司建设的1000吨/日矿石处理量的选厂正式达产后，每天处理矿石约1000吨。 ...

Group 1 - The company, Zhaojin Gold, stated that the Vatukoula gold mine in Fiji processes approximately 900 to 1000 tons of ore daily [1] - The processing plant built by Hong Kong Fulin Company, with a capacity of 1000 tons per day, has officially reached full production, handling about 1000 tons of ore daily [1]

Core Viewpoint - The company, Zhaojin Gold (000506), has confirmed that its Fiji Vatukoula gold mine is currently processing approximately 900 to 1,000 tons of ore daily, with a new processing plant set to reach a capacity of 1,000 tons per day [1] Group 1 - Zhaojin Gold is processing about 900 to 1,000 tons of ore daily at the Vatukoula gold mine in Fiji [1] - The new processing plant constructed by Hong Kong Fulian Company is expected to achieve a daily processing capacity of 1,000 tons once fully operational [1]

Group 1 - The company Baoding Technology (002552.SZ) provided an update on its gold mine reserves, indicating a total ore amount of 3,864,978 tons and a total gold metal quantity of 10,964 kilograms, with a grade of 2.84 grams per ton according to the 2024 annual report on reserves for the Hexi gold mine [2]

Core Viewpoint - The company is set to officially commence production at its newly constructed 1000 tons/day ore processing plant in Fiji on September 20, 2025, following successful testing of equipment and operations [1] Company Summary - Currently, the Vatu Kola gold mine processes approximately 900 to 1000 tons of ore daily [1] - Once the new plant reaches full production capacity, it is expected to handle around 1000 tons of ore per day [1]

Core Viewpoint - Shanjin International Gold Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities, CICC, and UBS as joint sponsors. The company is already listed on the Shenzhen Stock Exchange [1][3]. Company Overview - Shanjin International is one of China's leading gold producers, engaged in the exploration, mining, and trading of gold, silver, lead, and zinc [3]. - The company ranks sixth among Chinese gold producers in terms of gold output and fourth in gold reserves. Its gold resource volume has significantly increased, reaching 284.6 tons by June 30, 2025, nearly doubling from 146.7 tons as of December 31, 2023 [3]. Financial Performance - For the fiscal years ending June 30, the company reported revenues of approximately RMB 83.73 billion, RMB 80.95 billion, RMB 135.8 billion, and RMB 92.41 billion for 2022, 2023, 2024, and 2025 respectively. Corresponding profits were about RMB 12.47 billion, RMB 15.66 billion, RMB 24.38 billion, and RMB 17.73 billion [4][5]. - The all-in sustaining cost of gold for the year ending December 31, 2024, is projected to be USD 683.5 per ounce, placing it in the top 10% of global gold mining costs, compared to the global average of USD 1,438.1 per ounce [3]. Mining Projects - The company operates six mining enterprises in China and Namibia, with significant projects including the Qinghai Dachaidan fine crystal valley open-pit expansion project expected to be completed by 2028, and the Gemini Mountain gold mine in Namibia, projected to produce 5.1 tons of gold annually upon completion [4]. - The Huasheng gold mine in Mangshi is expected to yield 1.9 tons of gold annually once operational, and the Yulong Mining Bayanwudui mining area is anticipated to increase silver production by over 83.5 tons by 2028 [4].