Sichuan Gold's net profit increased by 87.69% last year, with good results achieved in exploration and mineral prospecting.

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On the evening of April 2, Sichuan Gold (001337) released its 2025 annual report. Last year, the company achieved operating revenue of RMB 1.026 billion, up 60.38%; achieved net profit attributable to shareholders of RMB 466 million, up 87.69%; achieved net profit after deducting non-recurring items of RMB 473 million, up 96.3%; and plans to distribute cash dividends of RMB 5 for every 10 shares (including tax).

As a company that has long focused on the development and comprehensive utilization of gold mine resources, after years of development, Sichuan Gold has become one of the major gold ore mining and processing companies in China. The company holds the mining right for the Suoluogou Gold Mine, located in the Garzê–Litang structural belt; the mining right for the Jingou ore section in the Suoluo–Jingou Gold Mine area; the exploration and prospecting right for the Suoluo–Jingou Gold Mine; and the prospecting survey right for the Kugesi–Jiaobei Gold Mine in the Kuqaor? District of Xinjiang, located in the Central Tianshan mineralization belt.

Behind the company’s surge in performance is the sharp rise in gold product prices. In 2025, amid the ongoing escalation of international geopolitical conflicts, the rollout of the Federal Reserve’s rate-cutting cycle, and strong global central bank strategic gold-buying demand, among multiple factors converging, domestic and international gold prices showed a one-way uptrend with repeated new highs in a strong market. The Shanghai Gold Exchange’s Au9999 gold year-end closing price was RMB 974.90 per gram, compared with the RMB 614 per gram opening price at the beginning of the year, up significantly by 58.78%; the full-year increase was notably higher than the same period in 2024.

Leveraging the high boom in the gold industry, in 2025, Sichuan Gold aligned with its operating targets and spared no effort to boost production. The company produced 32.6 thousand tons of gold concentrates throughout the year and sold 28.5 thousand tons of gold concentrates; all key operating indicators met their expected targets.

During the reporting period, Sichuan Gold continued to invest in geological exploration funds, totaling RMB 58.1305 million, which was used for production exploration, geological prospecting within the exploration and prospecting right coverage area of the Suoluogou–Jingou Gold Mine, and verification of the resource reserves of the Suoluogou Gold Mine, and achieved relatively good exploration results.

According to the “Resource Reserve Verification Report on the Suoluogou Gold Mine in Muliri County, Sichuan Province” submitted by the geological prospecting unit to the Department of Natural Resources of Sichuan Province in December 2025, the gold ore volume retained within the Suoluogou Gold Mine mining right coverage area is 33.108 million tons, with a metal content of 76,340 kilograms (the filing letter from the Department of Natural Resources of Sichuan Province regarding the resource reserve verification report for the Suoluogou Gold Mine has not yet been obtained). In addition, within the mining right coverage area of the Jingou ore section in the Suoluogou Gold Mine area, the retained gold ore volume is 5.020 million tons, with a metal content of 1,105.00 kilograms.

During the reporting period, Sichuan Gold also won the bid for the prospecting survey right for the Kugesi–Jiaobei Gold Mine in the Kuqaer? District of Xinjiang. The mining area is located in an important gold ore mineralization belt in China—the Central Tianshan mineralization belt. The gold anomaly belt extends for several kilometers, consistent with the direction of the controlling ore structures. The geological conditions for mineralization are relatively favorable, with significant potential for finding new deposits.

According to the business plan, in 2026, Sichuan Gold will accelerate the progress of key projects, including advancing the intelligent mine for the Suoluogou Gold Mine and the ecological restoration project; orderly advance the pre-work for the continuation project of the Suoluogou east and west mining areas; and accelerate the transformation of exploration results and the effective connection with mining. It will also speed up the handling of permits and licenses in the mining area, complete procedures such as environmental impact assessment and safety facilities design prior to the start of extraction in the Suoluogou mining area’s Jingou ore section, accelerate the preliminary preparation work for the Kugesi–Jiaobei Gold Mine area in Xinjiang, and accelerate the conversion from exploration to mining for the first mining section.

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