Xingye Silver-Tin: The mining area of Yinman Mining resumed production on April 16.

On April 21, the stock price of Xingye Silver and Tin rose. As of 10:16 on the 21st, Xingye Silver and Tin increased by 3.06%, reaching 12.14 yuan per share.

On the news front: An investor asked on the investor interaction platform: When will the company start producing gold? When will the Yinman mining area be completely shut down (since the accident investigation has been delayed, will it enter an indefinite shutdown and rectification like Tibet Bosheng)? When will the shield machine of China Railway Tunnel Group start serving Xingye? On April 18, Xingye Silver and Tin responded on the investor interaction platform, The mining area of Yinman Mining resumed production on April 16, 2025; the "Strategic Cooperation Framework Agreement" signed with China Railway Tunnel Group is an indicative framework agreement. If a formal cooperation agreement is signed later, the company will fulfill its information disclosure obligations in accordance with relevant laws, regulations, and the company's articles of association based on subsequent progress.

When asked, "Recently, antimony prices have hit new highs, reaching 230,000. Does the company have antimony resources among its many mines? The prices of silver and tin were very good in Q1, is there a pre-increase in the company's performance?" On April 17, Xingye Silver and Tin responded on the investor interaction platform, As of the end of 2023, the subsidiary Yinman Mining's mining license area contained 184,700 mt of antimony metal content. The company produces silver-lead concentrates and silver-copper concentrates containing antimony, sold in mixed powder form; in 2024, the company's antimony metal production was around 1,350 mt. For the company's Q1 2025 performance, please pay attention to the Q1 2025 report to be disclosed on April 28, 2025, on designated media.

On April 16, Xingye Silver and Tin announced the progress of the safety accident at its wholly-owned subsidiary Yinman Mining: On March 9, 2025, a safety accident occurred during operations by the mining contractor of Yinman Mining, resulting in one death. After the accident, the mining area of Yinman Mining was shut down, while the beneficiation plant continued normal production. After the accident, the company conducted a comprehensive safety self-inspection and strictly implemented rectification measures. Currently, Yinman Mining has completed the relevant rectification work as required by the regulatory authorities. On April 15, 2025, the Inner Mongolia Autonomous Region Mine Safety Supervision Bureau issued the "Notice on the Resumption of Production of the 1.65 million mt/year Underground Mining Project (above 690 level) of the Baiyinchagan East Mountain Copper-Lead-Tin-Silver-Zinc Mine of Xiwuzhumuqin Banner Yinman Mining Co., Ltd." The notice stated: After review, the resumption of production of the 1.65 million mt/year underground mining project (above 690 level) of the Baiyinchagan East Mountain Copper-Lead-Tin-Silver-Zinc Mine of Xiwuzhumuqin Banner Yinman Mining Co., Ltd. is approved. According to the above notice, the mining area of Yinman Mining resumed production on April 16, 2025. Xingye Silver and Tin's announcement pointed out that the accident did not have a significant impact on the company's production and operations, nor did it have a significant adverse impact on the company's 2025 performance. The company will seriously learn from this accident, fully implement the main responsibility for safety production, and consistently integrate the concept of safety production into daily production and operations. The company will continue to increase the investment of human, material, and financial resources in safety management, and persistently focus on hazard investigation, awareness improvement, cultural promotion, education and training, daily supervision, and emergency response to ensure the safe, continuous, and stable operation of the company's production and operations.

On April 11, Xingye Silver and Tin responded to investor inquiries on the interaction platform, stating that the stock price of the publicly listed firm is affected by macroeconomic conditions, market cycles, investor sentiment, and many other factors. The company's main products do not have export business, and tariff policies have not had a direct impact on the company's production and operations. The company's production and operations are stable, and there is no undisclosed information. The company will focus on the development of its main business in line with strategic development arrangements, and through stable operations, corporate governance, standardized operations, information disclosure, investor relations, and other aspects, it will work together to reward investor trust with steady performance growth and boost investor confidence. The company's management is confident about the future business development of the company and actively faces various challenges. Investors are invited to pay attention to the company's growth potential.

Xingye Silver and Tin previously released its 2024 annual performance forecast, showing that the expected net profit attributable to the parent company in 2024 is 1.35 billion to 1.65 billion yuan, an increase of 39.27%-70.22% YoY; the expected net profit after deducting non-recurring gains and losses in 2024 increased by 32.77% to 62.06% YoY.

Xingye Silver and Tin stated that the reasons for the performance pre-increase include: After the technological transformation of the beneficiation plant of the subsidiary Yinman Mining was completed (the beneficiation plant of Yinman Mining was shut down for technological transformation from June 9, 2023, and the beneficiation process was transformed to include cassiterite flotation, which was completed and put into use on July 10, 2023), the production of the main mineral products increased. During the reporting period, affected by the macroeconomic environment and changes in market demand for products, the selling prices of the company's main products such as tin concentrates, silver concentrates, lead concentrates, and zinc concentrates increased compared to the same period last year.