Zhaojin Mining Seeks Major Increase in Silver Sales Cap With Connected Refinery

Zhaojin Mining Industry Co ( (HK:1818) ) just unveiled an announcement.

Zhaojin Mining Industry has moved to sharply increase the annual cap on its silver sales framework agreement with connected party Zhaojin Refinery, citing a significant rise in silver prices and higher anticipated transaction volumes through 2026. The company has raised the cap for 2026 from RMB210 million to RMB570 million by supplemental agreement and plans, subject to independent shareholders’ approval, to lift it further to RMB2.0 billion while keeping all other contractual terms unchanged.

Because Zhaojin Refinery is a subsidiary of controlling shareholder Shandong Zhaojin, the revised and proposed caps are treated as continuing connected transactions under Hong Kong listing rules, triggering escalating levels of disclosure and approval requirements as the cap rises. Zhaojin will circulate a shareholder circular detailing the proposed higher limit, along with independent board committee and financial adviser opinions, and will limit transactions to the RMB570 million cap until the extraordinary general meeting approves any move to the RMB2.0 billion ceiling.

The most recent analyst rating on (HK:1818) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on Zhaojin Mining Industry Co stock, see the HK:1818 Stock Forecast page.

More about Zhaojin Mining Industry Co

Zhaojin Mining Industry Company Limited is a PRC-incorporated gold and precious metals producer listed in Hong Kong. The group is engaged in the mining, processing and sale of precious metals, including silver, with a sales focus that includes supplying refined products to related-party entities within the Shandong Zhaojin corporate group.

Average Trading Volume: 16,197,182

Technical Sentiment Signal: Buy

Current Market Cap: HK$117.7B

For detailed information about 1818 stock, go to TipRanks’ Stock Analysis page.