SMM News: Zijin Mining announcement, the company will be established through overseas wholly owned subsidiary Jinshan Hong Kong subsidiary, in cash to mainland gold existing issued shares of 203 million shares and diluted shares to issue an agreement to purchase. After deducting the exercise price of the equity instruments, the total consideration for the actual acquisition of a 100 per cent stake in mainland gold is about C $1.33 billion, or about RMB 7.03 billion yuan. After the completion of the acquisition, the company's gold resources reserves will exceed 2,000 tons, increasing the mine gold production by about 20% (after reaching production). The project will greatly improve the proportion and profitability of the company's gold plate business.
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