CMOC Shares Climb Over 4% Following Completion of Brazilian Gold Mine Acquisition

Stock News
02/10

CMOC (03993) rose more than 4%, with the stock up 4.09% to HK$22.9 at the time of writing, generating a turnover of HK$237 million. The increase follows the recent completion of the company's acquisition of a Brazilian gold mine for a transaction value of $1.015 billion. The mine holds reserves of 3.87 million ounces, with an average grade of 1.45 grams per ton. Management plans for the mine to contribute 6 to 8 tons of gold production by 2026, with annual output targeted to increase to 20 tons by 2030. The acquisition is expected to create synergies between the new gold operations and the company's existing copper and cobalt business. Combined with copper capacity expansion and cost optimization efforts, profit forecasts for 2026-2027 have been raised by 27% to 30%, with the potential for over 50% profit growth for a consecutive year. The company's copper production guidance for 2026 is set at 760,000 to 820,000 tons, driven by process optimization and technical upgrades at the TFM and KFM mines. The second phase of the KFM project is scheduled to commence production in 2027, adding approximately 100,000 tons of copper capacity annually. By 2028, copper production is targeted at 800,000 to 1 million tons, with a baseline of 800,000 tons; the TFM Phase III project, currently undergoing a feasibility study, is expected to provide additional volume. In 2026, the company aims to further optimize copper unit costs by reducing bulk material procurement prices and maintaining globally leading capital expenditure and operational cost levels.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10