2025年,地缘裂痕未弥、美元信用式微、能源转型加速。这一系列宏大变量交织下,黄金作为“终极货币”与战略资源的双重属性被重新激活。从供给维度看,黄金的稀缺性正面临结构性重构。矿产周期漫长、资源勘探成本攀升,使得供给端难以敏捷响应短期价格波动。这一矛盾在上市黄金矿企的一季报中得以具象化。今年一季度,中国黄金国际、紫金矿业等企业业绩均迎来爆发,其中,中国黄金国际凭借长山壕与甲玛矿的产能释放实现扭亏为盈...
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