"A-Share Focus" TNMG won the exploration rights for a copper-gold-molybdenum mine for 3.2 billion, with the stock price rising nearly 2%

TNMG won the exploration rights for the Jiguan Mountain - Hu Village copper-gold-molybdenum mine in Tongling City, Anhui Province, for approximately 3.2 billion yuan, with its stock price rising nearly 2%. The mineral types explored in this mine include copper, gold, and molybdenum, covering an area of 1.3207 square kilometers, with a yield rate of 1.2% for copper, 2.3% for gold, and 2.3% for molybdenum. The company stated that this mining auction will help enhance the resource reserves of non-ferrous metals and improve sustainable development capabilities

The A-share gold concept initially declined, CHJ approached the limit down, Northern Copper fell over 5%, and Hunan Gold, TNMG, and Pengxin Mining all fell

The non-ferrous sector continues to decline, and Tongling Nonferrous Metals is approaching the limit down

In the afternoon, the non-ferrous metal sector continued to decline, with industrial metals leading the drop. TNMG approached the limit down, ANHUI XINBO ALUMINUM, Huayou Cobalt, Yuguang Gold&Lead, JCCL, JCHX, and SDR all fell over 5%

The gold concept weakens, Tongling Nonferrous Metals falls over 7%

The gold concept weakened, with TNMG falling over 7%. SDR, Ycc, Zhaojin Gold, JCCL, and CHIFENG GOLD also saw significant declines

TNMG: Net profit in the third quarter was 329.6 million yuan, a year-on-year decrease of 39.92%