SDR(000603)2024-10-16 12:21Group 1: Company Overview - Jinchuan Mining was established in April 2004 and became a subsidiary of Shengda Resources in December 2018 by acquiring 67% of its shares [3] - The mining license allows for an annual production capacity of 480,000 tons, focusing on silver, gold, and manganese [3] - The Erentao Legai mining area is one of the largest independent silver mines in China, with a total area of 10.0304 square kilometers [3] Group 2: Resource Reserves - As of the end of 2023, the Erentao Legai mining area has a total resource reserve of 14.9875 million tons, containing 3,144.20 tons of silver, 9,344.34 kg of gold, and 361,300.63 tons of manganese [3] - The average silver grade is 209.79 g/t, while the average gold grade is 0.62 g/t, and the manganese grade is 2.41% [3] Group 3: Mining Operations and Upgrades - Jinchuan Mining operates five mines and plans to invest in mining engineering technology upgrades to enhance safety and production capacity [4] - The upgrades include infrastructure improvements and the expansion of No. 2 and No. 5 shafts, aiming to increase mining capacity to 600,000 tons per year [4] - The company has completed a technical transformation of the flotation production process, improving recovery rates and reducing costs [4] Group 4: Future Prospects - The company aims to gradually increase production capacity to the licensed limit of 480,000 tons per year and will assess the feasibility of further expansion [5] - Jinchuan Mining is also focusing on exploration in the western peripheral silver mine area, which covers 11.04 square kilometers [5] - The company is committed to sustainable practices and has been recognized as a green mine in Inner Mongolia [4]