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

Equinox Gold

15/12/2025 02:18

** 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%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))