CMOC Group Limited (03993) completes the acquisition and delivery of a gold mine project.

CMOC Group Limited (03993) announced that the company has acquired 100% equity of the Aurizona gold mine, RDM gold mine, and Bahia integrated mining district of Equinox Gold Corp., a Canadian listed company, through its subsidiary. As all the preconditions stipulated in the agreement have been met or waived, the acquisition was completed on January 23, 2026 Beijing time. The company's niobium phosphate mining project in Brazil has been operating smoothly for nearly ten years. Thanks to the accumulated practical experience and synergies, the acquisition project was completed quickly with a significant increase in the pace of implementation. The total gold resources involved in this transaction include 5.013 million ounces of gold resources, with an average grade of 1.88g/t; and 3.873 million ounces of gold reserves, with an average grade of 1.45g/t. The company believes that the above-mentioned gold resources are large, the infrastructure is well developed, the beneficiation process is mature, and the profitability is strong. The completion of the acquisition is expected to contribute to the company's production and profit, with a short expected return on investment period and good economic benefits. The estimated annual gold production in 2026 is 6-8 tons, which will actively contribute to the company's gold production targets and further strengthen the company's resource reserve.