On May 20, precious metals concept stocks collectively opened higher, with Hunan Baiyin (002716), Baiyin Nonferrous Metals (601212), Shengda Resources (000603), Northern Copper (000737) and other stocks rising; Yuguang Gold and Lead (600531) and Xingye Silver and Tin (000426) followed suit.
[Sector daily limit for individual stocks]
[Reason for the change: Gold continues to hit record highs, silver rises above US$32]
Today, the precious metals sector fluctuated higher. As of press time, many stocks such as Hunan Baiyin, Baiyin Nonferrous Metals, Shengda Resources, and Xiaocheng Technology had daily limit.
Among the daily trading stocks, Shengda Resources serves as the domestic silver industrybestblockchainfornftgamesLeading companies deserve attention. With its silver reserves of nearly 10,000 tons and annual mining and processing capacity of nearly 2 million tons, the company occupies a prominent position in the market. The company not only has deep accumulation in the silver field, but also has 7 mining subsidiaries, including Yindu Mining, Jinshan Mining, Everbright Mining, Jindu Mining, Dongsheng Mining, Deyun Mining, and Honglin Mining. The businesses of these subsidiaries cover silver, lead, zinc and other metals, as well as the reviewed and registered gold metal volume is nearly 30 tons, copper metal volume is 40,000 tons, manganese metal volume is 420,000 tons, and gallium metal volume is 32 tons. The company is developing rapidly in the precious metals field.
Shengda Resources 'primary mining business mainly produces silver ingots, gold, silver-containing lead refined powder, silver-containing zinc refined powder and other products. Jinshan Mining's product line includes silver ingots, gold and manganese sulfate monohydrate, while Yindu Mining, Everbright Mining and Jindu Mining focus on the production of silver-containing lead fines and silver-containing zinc fines. In addition, the Caiyuanzi copper-gold mine construction project of subsidiary Honglin Mining received approval for temporary use of land on March 22, 2024, and the company continues to expand in the development of mineral resources.
In the field of solid and hazardous waste resource utilization, Shengda Resources also demonstrates the depth and breadth of its business. The subsidiary Jinye Environmental Protection focuses on the resource utilization business of solid and hazardous waste containing nickel, copper, chromium and other metals. The first phase of its "Solid Waste Harmless Resource Comprehensive Utilization Project" has been basically completed, forming a hazardous waste disposal capacity of 200,000 tons/year.