Zijin Mining Group announced that through its wholly-owned subsidiary Jinteng Mining, it has completed the acquisition and transfer of 100% equity in the La Arena gold mine and phase two project in Peru, owned by Pan American Silver. The La Arena gold mine is currently in production, with an annual gold output of about 3 tons and a remaining service life of 3 years. The phase two project plans to adopt open-pit mining and flotation processing, and if designed at a mining scale of 33 million tons/year, it is expected to produce approximately 0.1 million tons of copper and about 3.8 tons of gold annually once it reaches full production. The company believes that this project is located in a mineralization belt, has good potential for mineral discovery and resource increase, and has sound infrastructure, with expected significant economic benefits.