研報掘金丨中郵證券:紫金礦業全球佈局更進一步,維持“買入”評級
中郵證券研報指出,紫金礦業擬收購哈國金礦,全球佈局更進一步。RG金礦為大型在產露天礦山,綜合成本較低,盈利能力較強,且在生產運營方面仍有進一步提升空間,併購當年即可為公司貢獻產量和利潤,並助力公司2028年產量規劃目標的實現(2028年公司礦產金產量目標為100-110噸)。本次交易符合公司加大對中國周邊國家重大資源項目併購的戰略導向,哈薩克斯坦礦業投資環境較好,RG金礦將與公司在塔吉克斯坦的吉勞/塔羅金礦和吉爾吉斯斯坦的左岸金礦形成良好協同效應,有助於公司未來進一步深耕礦產資源豐富的中亞地區,優化全球資源配置。若RG金礦順利交割,將顯著提升紫金黃金國際的資產規模、盈利水平及全球行業地位,助力紫金黃金國際在國際資本市場的上市發行工作。隨着金價中樞穩健上移,銅價高位震盪,公司銅金產銷量穩中有升。公司若成功分拆黃金子公司於港交所上市,有望重塑黃金業務估值。綜上,維持“買入”評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.