Major News from Wanggu Gold Mine: 002155 Makes Acquisition Move

Hunan Gold (002155) plans to acquire 100% equity of Gold Tianyue and 100% equity of Zhongnan Smelting for 4.334 billion yuan (approximately $56.9 million), and upon completion of the transaction, it will take control of the Wanggu Gold Mine in Pingjiang, Hunan. The ore field was announced discovered by the Hunan Provincial Geological Institute in November 2024, with over 40 gold veins found above 2,000 meters underground, the highest gold grade reaching 138 grams per ton, and gold resources of 300.2 tons. This acquisition will significantly enhance Hunan Gold's resource reserves and smelting capacity.