Zijin Mining completed the acquisition of 100% equity in the La Arena gold mine and Phase II project in Peru on December 3, 2024. This acquisition was conducted by its wholly-owned overseas subsidiary, Jinteng Mining, and involves assets under pan american silver corp. The La Arena gold mine is currently in production, with an annual gold output of approximately 3 tons and a remaining service life of 3 years. The company expects that Phase II will use open-pit mining and flotation processes, with a construction period of 3 years and a production period of 19 years, reaching an annual production of approximately 0.1 million tons of copper and about 3.8 tons of gold after reaching full capacity. The ore reserves of the La Arena gold mine are...Show More

Zijin Mining completed the acquisition of 100% equity in the La Arena gold mine and Phase II project in Peru on December 3, 2024. This acquisition was conducted by its wholly-owned overseas subsidiary, Jinteng Mining, and involves assets under pan american silver corp. The La Arena gold mine is currently in production, with an annual gold output of approximately 3 tons and a remaining service life of 3 years. The company expects that Phase II will use open-pit mining and flotation processes, with a construction period of 3 years and a production period of 19 years, reaching an annual production of approximately 0.1 million tons of copper and about 3.8 tons of gold after reaching full capacity. The ore reserves of the La Arena gold mine are 22.6 million tons, containing about 8 tons of gold, with an average grade of 0.33 grams per ton. The ore quantity for Phase II project is 0.834 billion tons, containing 196.5 tons of gold and 2.785 million tons of copper. The company believes that the project is located in a world-renowned mineralization belt, with large resource quantities and well-developed infrastructure, expecting significant economic benefits. Since the trade does not exceed the 5% applicable percentage rate under Rule 14.07 of the Hong Kong Stock Exchange listing rules, it does not constitute a transaction that requires disclosure. The company reminds investors and shareholders to exercise caution when trading in the company's securities.