本次换届选举后，公司股东会批准聘任陈景河先生为公司终身荣誉董事长、高级顾问，其不再担任公司 执行董事、董事长;林红英女士不再担任公司执行董事、副总裁;何福龙先生、李常青先生、孙文德先生 不再担任公司独立非执行董事;林水清先生不再担任公司监事会主席;刘文洪先生、曹三星先生、丘树金 先生、林燕女士不再担任公司监事。 紫金矿业（601899）(02899)发布公告，有关选举本公司第九届董事会非独立董事及独立董事的议案已 分别于临时股东会上获股东批准通过。据此，邹来昌先生、林泓富先生、吴健辉先生、沈绍阳先生、郑 友诚先生及吴红辉先生(作为执行董事);李建先生(作为非执行董事);以及吴小敏女士、薄少川先生、林寿 康先生、曲晓辉女士、洪波先生及王安建先生(作为独立非执行董事)自临时股东会结束时起正式就任第 九届董事，其任期将于2028年12月30日届满(即第九届董事会任期届满时)。 公司于2025年12月29日召开职工代表大会，选举谢雄辉先生为公司第九届董事会职工董事。谢雄辉先生 与公司临时股东会选举产生的董事共同组成公司第九届董事会，任期与第九届董事会任期一致。 ...

截至今天下午收盘，洛阳钼业大涨超过3.39%，有的投资者朋友问我：还可以买洛阳钼业吗？还能继续 持有吗？今天我就跟大家从基本面、技术面、未来成长潜力三个方面来聊一聊。 洛阳钼业是稀缺战略性矿产的龙头，下面我们来看一下其基本面： 首先，该公司在中国、非洲、南美洲布局了核心矿产资源，资源规模和质量都是排名全球前列。 1、在刚果金布局了铜和钴的矿产资源。持有两大世界级的铜矿，控制铜资源量超过3000万吨，钴资源 量超过200万吨，矿山铜品位、钴品位远超行业平均水平。2023年跻身全球第一大钴生产商。2024年跻 身全球前十铜矿生产商。 其铜生产成本为每吨3200美元，而行业平均值为每吨4800美元，每吨铜的生产成本比同行业低1600美 元。其钼的生产成本也稳居中国前三甲。其生产成本优势全球领先，这就增加了其利润。 第三，其子公司IXM为全球第三大金属贸易商，成功实现了生产、贸易的全产业链闭环，业绩确定性 强。同时与需求方宁德时代签订股权协议，宁德时代控股8.5%，意味着其订单具有稳定性。 其次，我们再来看看其具体的业绩 1、2025年前三季度其归母净利润142.8亿元，超越2024年全年的135.32亿元，5年5倍 ...

Core Viewpoint - Zijin Mining is expected to achieve a net profit attributable to shareholders of approximately RMB 510 billion to 520 billion in 2025, marking a year-on-year increase of about 60% compared to RMB 320.51 billion in 2024, setting a historical record for the company [3][4]. Group 1: Financial Performance - The projected net profit for 2025 represents an increase of approximately RMB 189 billion to 199 billion, with a growth rate of about 59% to 62% year-on-year [3]. - The company's net profit per day in 2025 is estimated to be nearly RMB 1.4 million [3]. - The expected net profit excluding non-recurring items is projected to be around RMB 475 billion to 485 billion, reflecting a year-on-year increase of approximately RMB 158 billion to 168 billion, or a growth rate of 50% to 53% [3]. Group 2: Production Growth - The significant increase in net profit is attributed to a rise in the production of key mineral products, with gold production expected to reach approximately 90 tons in 2025, up from 73 tons in 2024 [3][4]. - The production of copper and other major products also saw growth during the reporting period [3]. - The equivalent lithium carbonate production is projected to be about 25,000 tons in 2025, a substantial increase from 261 tons in 2024 [4]. Group 3: Future Outlook - For 2026, Zijin Mining has set production targets of 105 tons of gold, 1.2 million tons of copper, 120,000 tons of equivalent lithium carbonate, and 520 tons of silver, although these figures are subject to change based on market conditions [5]. - Research institutions remain optimistic about the gold market in 2026, with expectations of continued price increases driven by factors such as declining real interest rates and central bank purchasing behavior [6][7].

Core Viewpoint - The company plans to invest approximately 1.667 billion yuan in 2026, focusing on enhancing resource control, safety, environmental management, and product quality [1] Investment Plan - The planned investment includes 1.204 billion yuan for new projects and 463 million yuan for ongoing projects [1] - The implementation of the 2026 investment plan is expected to strengthen the company's resource management capabilities [1] Strategic Goals - The investment aims to improve mine safety and environmental management, as well as advance the level of intelligence and sustainability in mining operations [1] - The company seeks to enhance product quality and promote strong, supplementary, and extended supply chains to achieve high-quality and sustainable development [1]

Core Viewpoint - Zijin Mining (601899.SH, 02899.HK) expects a significant increase in annual net profit for 2025, projecting a range of 51 billion to 52 billion yuan, representing a year-on-year growth of 59% to 62% [1] Financial Performance - The company anticipates a non-recurring net profit between 47.5 billion and 48.5 billion yuan, reflecting a year-on-year increase of 50% to 53% [1] - In the previous year, Zijin Mining reported a net profit of 32.051 billion yuan and a non-recurring net profit of 31.693 billion yuan [1] Production and Sales - The growth in performance is attributed to the increase in both volume and price of core mineral products [1] - In 2025, the production volumes for key minerals are expected to be approximately 90 tons of gold, 1.09 million tons of copper (including Kamoa's equity production), 437 tons of silver, and 25,000 tons of lithium carbonate equivalent (including production from Zangge Mining from December) [1] - Sales prices for gold, copper, and silver are projected to rise year-on-year in 2025 [1] Future Production Targets - Zijin Mining has set production targets for 2026, aiming for 105 tons of gold, 120 million tons of copper, 520 tons of silver, and 120,000 tons of lithium carbonate equivalent [1]

紫金系发盈喜，港股市场紫金矿业一度涨4.5%，紫金黄金国际一度涨3.6%。紫金矿业预计，2025年度 股东应占净利润约510亿至520亿元，同比增长约59%至62%，主要原因包括期内主要矿产品产量按年增 加，以及矿产金、矿产铜、矿产银销售价格按年上升。紫金黄金预计截至2025年12月底止年度股东应占 净利润约15亿至16亿元美元，按年增加约2.12倍至2.33倍。 ...

智通财经获悉，紫金矿业(02899)涨超3%，截至发稿，涨3.51%，报36.6港元，成交额6.42亿港元。 本文源自：智通财经网 消息面上，12月30日，紫金矿业发布2025年业绩预告，预计全年实现归母净利润约510-520亿元，同比 增长约59%-62%，再创历史新高。2025年，公司主营产品持续放量，矿产金同比增长23.5%至90吨，矿 产铜同比增长2%至109万吨。公司指出，根据此次公告披露，其2026年产量仍将保持高速增长：矿产金 105吨、矿产铜120万吨、当量碳酸锂12万吨、矿产银520吨。这一目标如按期完成，矿产金产量将较原 计划提前两年突破百吨大关。 ...

Core Viewpoint - Minmetals Resources (01208) has seen a stock price increase of over 5%, currently at HKD 9.11, following the announcement of a significant expansion project at the Khoemacau copper mine in Botswana [1] Group 1: Project Announcement - On December 29, Minmetals Resources announced the approval of the feasibility study for the major expansion project at the Khoemacau copper mine [1] - The project aims to increase annual production capacity to 130,000 tons of copper concentrate and over 4 million ounces of associated silver [1] - The expansion will include extending the mining area to the northern part of Zone 5, as well as the Mango and Zeta northeastern deposits, and constructing a new processing plant with an annual capacity of 4.5 million tons [1] Group 2: Financial Implications - The total capital expenditure for the project is estimated to be approximately USD 900 million, including related expenditures before 2026 [1] - The expansion is expected to optimize the average C1 cost to below USD 1.60 per pound, a significant reduction from the actual C1 cost of USD 2.05 per pound recorded for the six months ending June 30, 2025 [1] Group 3: Strategic Importance - This expansion project is a crucial strategic initiative aimed at enhancing the long-term profitability and production capacity of the company's copper asset portfolio [1]

Group 1 - The core viewpoint is that industrial metals are performing significantly better than financial and stable styles, indicating positive market expectations for rising metal prices [1] - The non-ferrous metals industry is benefiting from a dual drive of price increases and demand improvement, making it a key area of focus for capital [1] - The mining ETF (561330) tracks the non-ferrous mining index (931892), which selects listed companies involved in the mining and processing of copper, aluminum, lead, zinc, and rare metals, reflecting the overall performance of the non-ferrous metal mining sector [1] Group 2 - The non-ferrous mining index exhibits strong cyclical characteristics, effectively reflecting market trends in the non-ferrous metal industry [1]

智通财经APP获悉，摩根士丹利发布研报称，紫金矿业(02899)2025年业绩预告大致符合预期。公司2025 年初步净利润为510亿至520亿元人民币，同比增长59-62%，相比之下，大摩预期为524亿元人民币。 2025年第四季隐含利润为132亿至142亿元人民币，低于第三季的146亿元人民币，主要因年终销售管理 费用上升。该行维持紫金"增持"评级，目标价46.1港元。 另外，紫金矿业2025年矿产金90吨(2024年73吨)，矿产铜109万公吨(2024年产量107万吨)，矿产银437吨 (2024年436吨)，碳酸锂2.5万吨(2024年2.61万吨)。至于2026年产能目标，分别是矿产金105吨、矿产铜 120万吨、矿产银520吨; 碳酸锂12万吨。 ...