Shengda Resources 2021 lead, Zinc and Silver products income growth Nickel products will become a New profit growth Point

SMM January 25: prior to this, Shengda Resources issued its 2021 performance forecast. The company expects the net profit attributed to shareholders of listed companies to be 450 million yuan to 500 million yuan in 2021, an increase of 54.84% and 72.04% over the same period last year.

As for the reasons for the changes in the company's performance, Shengda Resources said that, on the one hand, the company's mine output in 2021 increased significantly compared with the same period last year; on the other hand, thanks to the rise in basic metal prices, the company's average sales prices of lead concentrate, zinc concentrate and other major products rose year-on-year, leading to a significant increase in the company's operating performance compared with the same period last year.

Subsequently, Shengda Resources also released a research information activity table, according to the research table, the company's performance increment in 2021 is mainly from the growth of mining business income, silver, lead and zinc and other major product income have a large increase compared with the same period last year. The company's four mines in production have successfully completed the annual mining and selection target and the task of prospecting and increasing reserves in 2021. At the same time, the company's mines metal grade, metal recovery and other indicators continue to maintain a good condition.

For the Zhugongtang lead-zinc mine project, which is of great concern to the industry, Shengda Resources said that at present, the mining and selection procedures for its relevant mines are being processed, and it is expected that specific documents such as land certificates will be implemented around the Spring Festival in 2022. According to the current construction progress, it is expected that the first phase of the project of Zhugongtang lead-Zinc Mine will be put into production by the end of 2022, and the second phase of the project will be put into production by the end of 2024.

The company expects to complete the merger and acquisition of the Pig Gongtang lead-Zinc Mine project in 2022. After the completion of the merger and acquisition, the company's lead and zinc output will jump from 50,000 tons to 200,000 tons. In the next two years, in the selection of varieties, we will focus on precious metals represented by silver and metal resources related to new energy materials such as nickel, cobalt, manganese and lithium, so as to increase the attributes of rare and precious metal mining enterprises. to become a large-scale rare and precious metal mining enterprise with advantages in scale and characteristics.

In addition, the company will continue to promote the new energy metals business. By the end of 2021, Shengda Resources subsidiary Gold Environmental Protection has built a disposal capacity of 200000 tons of hazardous waste containing nickel and produced nickel matte (low matte). Metal nickel products will become the company's new profit growth point in 2022.