招金黄金(000506) - 2025年11月25日投资者关系活动记录表

Group 1: Mining Operations - The water drainage situation at the Vatukoula Gold Mine has improved due to updates and renovations of pumping equipment, with water levels nearly cleared and recovery work ongoing in specific mining areas [1] - The continuity of the ore body at the Vatukoula Gold Mine is reported to be good, as it is a volcanic rock formation [2] - The current production costs at the Vatukoula Gold Mine are higher than domestic competitors due to reliance on heavy oil and diesel for power generation, with plans to switch to renewable energy to reduce costs [2] Group 2: Exploration and Production Plans - Preparations for exploration at the Fiji North Island Kasiya Mountain are underway, with exploration staff already on-site [2] - Future production scale will be determined based on the confirmed resource reserves from exploration activities [2] Group 3: Product and Sales - The Vatukoula Gold Mine primarily sells its products in USD, with plans to potentially include RMB settlements based on operational needs [2] Group 4: Employee Management and Incentives - There is a need to change employee work attitudes to reduce the current high dilution rate, with suggestions to link employee compensation to ore quality and production output [2] - The management is confident about the company's future and may consider implementing an equity incentive plan, with timely disclosures if such a plan is initiated [2] Group 5: Risk Considerations - The content discussed in the investor relations activity, including future development plans, does not constitute a substantive commitment from the company, and investors should remain aware of associated risks [3]