Group 1 - The core announcement indicates that China Nonferrous Mining (01258) has completed the repair work on the main and auxiliary shafts of the Qianbixi Southeast mine, with the repairs meeting expectations, and the mine is set to resume production on January 1, 2026 [1] - In 2026, the company expects a total copper production of approximately 484,000 tons, including 134,000 tons of cathode copper and 350,000 tons of crude/anode copper, with a noted decrease in crude/anode copper production due to planned maintenance shutdowns at Qianbixi and Luabala copper smelters [1] - The company anticipates producing approximately 155,000 tons of copper from its own mines, along with 900,000 tons of sulfuric acid, 100,000 tons of liquid sulfur dioxide, and 600 tons of cobalt hydroxide containing cobalt [1]

Core Viewpoint - The company has successfully completed the repair work at the Qianbixi Southeast mine, with production resuming on January 1, 2026, and is expected to meet production targets for copper output in 2026 [1] Production Forecast - The company anticipates a total copper production of approximately 484,000 tons in 2026, which includes 134,000 tons of cathode copper and 350,000 tons of crude/anode copper, including copper product processing services [1] - The expected copper production from its own mines is around 155,000 tons for the year [1] By-Product Production - The company projects to produce approximately 900,000 tons of sulfuric acid in 2026 [1] - The expected production of liquid sulfur dioxide is around 100,000 tons [1] - The company plans to produce about 600 tons of cobalt hydroxide containing cobalt [1] Impact of Maintenance - The planned maintenance shutdowns at the Qianbixi copper smelting and Luabala copper smelting operations are expected to lead to a decrease in crude/anode copper production [1]

Core Viewpoint - China Nonferrous Mining (01258) has announced its production guidance for 2026, expecting a total copper output of approximately 484,000 tons, with specific impacts from maintenance activities on production levels [1] Group 1: Production Guidance - The company expects a total copper production of about 484,000 tons in 2026, which includes 134,000 tons of cathode copper and 350,000 tons of crude/anode copper, including copper product processing services [1] - The production of crude/anode copper is anticipated to decline due to planned maintenance shutdowns at the Qianbixi and Luabalaba copper smelters [1] Group 2: Other Production Estimates - The company forecasts its own mine copper production to be around 155,000 tons for the year [1] - It is projected to produce approximately 900,000 tons of sulfuric acid and 100,000 tons of liquid sulfur dioxide [1] - The production of cobalt hydroxide is estimated to contain about 600 tons of cobalt [1]