The strong fundamentals of gold have brought good development prospects for the related industrial chain. Especially for those extremely scarce pure gold stocks, the strong gold prices have brought medium and longterm driving force for their subsequent value reassessment. Taking Zhaojin Mining as an example, the gold business contributes nearly of the revenue and nearly of the gross profit.
In addition to its pure "golden bloodline", Zhaojin Mining's latest business progress may be more worthy of attention.
On December , , Laizhou Ruihai Mining Co., Ltd. hereinafter referred nigeria phone number list to as "Ruihai Mining", a subsidiary of Zhaojin Mining, announced: Major good news came from Ruihai Mining's sea gold mine thousands of meters underground. The two TBMs "Haiyue No. " and "Haiyue No. " were successfully assembled and debugged ahead of schedule and were successfully launched.
As soon as the news was announced, the capital market immediately responded positively. Against the backdrop of a weak Hang Seng Index, Zhaojin Mining rose for two consecutive trading days.
Why did the market react so positively?
. Incremental performance is waiting to be released
The keyword of this incident is TBM, which stands for "fullsection hard rock tunnel boring machine", also known as tunnel shield machine or shield machine. It is a largescale machine specially used for tunnel excavation. It can complete the entire business process of excavation, advancement, and propping, significantly improve mining efficiency, reduce manual operations, and reduce safety risks.