HK Stock Market Move | CMOC Group Limited (03993) rose by over 4% as the acquisition of the Brazilian gold mining project was completed.

CMOC Group Limited (03993) rose by more than 4%, reaching an increase of 4.67% as of the time of writing, reaching 22.4 Hong Kong dollars with a turnover of 1.13 billion Hong Kong dollars. In terms of news, on January 25th, CMOC Group Limited announced that the company has acquired 100% equity of Aurizona Gold Mine, RDM Gold Mine, and Bahia Integrated Mining Zone under Equinox Gold Corp., a Canadian listed company, through its subsidiary. As all the prerequisites stipulated in the agreement have been met or waived, the acquisition was completed on January 23, 2026, Beijing time. The company's niobium and phosphate mine project in Brazil has been operating successfully for nearly ten years. Benefiting from the previous accumulated operational experience and synergies, the acquisition project was completed at a significantly faster pace. The total gold resources involved in this transaction amount to 5.013 million ounces, with an average grade of 1.88 g/t; gold reserves amount to 3.873 million ounces, with an average grade of 1.45 g/t. The company believes that the above-mentioned gold mine resources are large, with well-established infrastructure, mature beneficiation processes, strong profitability, and can contribute to the company's production and profits once the acquisition is completed. The expected investment payback period is short, and the economic benefits are good. The estimated annual gold production for 2026 is 6-8 tons, which will positively contribute to the company's gold production target and further enhance the company's resource reserves.