en.Wedoany.com Reported - China Shenggda Metal Resources Co., Ltd. (Shenggda Resources, 000603.SZ) announced on June 22, 2026, that the company plans to invest a total of approximately 118 million yuan to acquire a 20% equity stake and corresponding creditor's rights in its controlled subsidiary, Alukerqinqi Deyun Mining Co., Ltd. Upon completion of the transaction, the company's stake in Deyun Mining will increase from 54% to 74%.
Deyun Mining holds two core mining rights: the mining right for the Bayanbaolege silver polymetallic deposit (with an annual production capacity of 900,000 tons, a mining area of 2.32 square kilometers, and a mining life of 14 years) and the exploration right for the large-scale lead-zinc polymetallic deposit in the Bayanbaolege area. Reserve data shows that the total ore volume in the main Bayanbaolege mining area exceeds 18.1 million tons, with a silver metal content of 612 tons and an average silver grade of 140.45 grams per ton; associated lead metal amounts to 16,600 tons, zinc metal to 361,200 tons, with a zinc grade of 2.60%. Combined with inferred resources from peripheral exploration rights, the total silver reserves in the mining area approach nearly 1,000 tons.
This stake increase is a continuation of Shenggda Resources' long-term development strategy of "focusing on silver and gold, and controlling high-quality mines." Silver possesses dual attributes of industrial rigid demand and precious metal safe-haven appeal, with the photovoltaic, electronics, and new energy industries continuously driving demand for silver. Upon completion of this equity increase, the company's equity mineral reserves will further expand. Additionally, this acquisition of creditor's rights optimizes the subsidiary's debt structure. Once the mine is built and begins generating stable cash flow, the 74% high shareholding ratio will maximize the mine's profitability flowing back to the listed company.
Shenggda Resources stated that after this stake increase is completed, the company will accelerate supplementary exploration work in the mining area, deeply explore the potential for peripheral reserve growth, and simultaneously speed up mine infrastructure approvals and construction preparations, striving to commence production as soon as possible. The company will continue to adhere to a dual approach of endogenous exploration for reserve growth and external high-quality mineral asset acquisitions, continuously expanding its core precious metal resource portfolio of silver and gold.
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