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China's CMOC Group rises on plan to buy 4 gold mines in Brazil

ReutersDec 15, 2025 2:18 AM

Hong Kong shares of Chinese metals miner and processor CMOC Group 3993.HK climb 2.3% to HK$18.58, on track for their biggest one-day pct gain since December 5

Stock touches the highest level since December 9, heads for a second session of gain

Shanghai-listed stock 603993.SS rises 3.3% to 18.16 yuan, on course for the biggest one-day pct rise since December 1

CMOC Group says its unit CMOC Ltd plans to buy Leagold LatAm Holdings and Luna Gold Corp from Canada's Equinox Gold Corp EQX.TO for a combined $1.015 billion

CMOC will obtain 100% interest in four gold mines in Brazil through the deal

The deal is subject to regulatory approvals, including from Brazil's antitrust authority CADE and relevant Chinese regulatory authorities

YTD, Hong Kong stock up 253.3%, Shanghai-listed shares up 171.3%

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