Jinchengxin Increases Stake in Alacran Mine to 97.5%, Boosts Investment by $178.67M

Published: May 24, 2026 00:13

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Jinchengxin (603979) announced on May 22 that the company's equity interest in the Alacran copper-gold-silver mine has increased to 97.5%. Accordingly, the company plans to increase its project construction investment by $178.67 million in proportion to the equity change, bringing the cumulative investment to approximately $409.89 million. Apart from the changes in the company's equity proportion and corresponding investment amount, the investment estimate, construction plan, and other aspects of the Alacran copper-gold-silver mine project remain unchanged.

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