金吾财讯 | 民生证券发布研报指，万国黄金集团(03939)发布金岭金矿资源和储量更新报告。截至2024年7月31日，金岭金矿黄金资源量从103吨增长至227吨，增幅为121.2%，平均品位达到1.17g/t；黄金储量从37吨增长至40吨，增幅为8.3%，未来或仍有进一步增储潜力。以20年左右的矿山生命周期来预估，未来金岭金矿年产量或能达到10吨以上，成长空间广阔。
该行指，目前万国黄金集团拥有金岭金矿88.2%的权益。自金岭金矿重新投产以来，矿山的生产运营十分良好，且未来仍有极大的扩产潜力和管理改善的空间。本次资源量更新奠定了公司未来广阔的成长空间，随着当前产能的逐步爬坡和未来的进一步扩产，叠加当前金价景气向上，看好公司后续黄金产量持续增长，迎来量价齐升。
该行预测，公司2024-2026年分别实现归母净利润5.90/7.59/9.13亿元，EPS分别为0.54/0.70/0.84元，对应12月27日PE分别为18X、14X、12X，维持“推荐”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.