COMEX gold futures closed as low as 17, giving up all the earlier gains, because the low oil price damaged investors' confidence and weakened inflation worries. Comex 65438+February gold futures settlement price closed down 0.5 US dollars to 742.00 US dollars per ounce, with a trading range of 729.60 to 748.70 US dollars. The weakness of the global stock market initially triggered a wide settlement of all assets, including gold.

Investment highlights:

1. Gold Reserve: At present, the company owns three gold mines and is acquiring Laixi Mountain Back Mine. The proven exploitable gold reserves are about 100 tons, including 6.65 million tons in Xincheng Gold Mine, 6100000 tons in Jiaojia Gold Mine, 0/820000 tons in Jinzhou Gold Mine and 200000 tons in Laixi Mountain Mine.

2. Xincheng Gold Mine: Xincheng Gold Mine, the main body of the company's production and operation, is a large-scale second-class mine with comprehensive production capacity of mining, dressing and metallurgy. The proven geological reserves are calculated according to the annual mined ore amount of 410.25 million tons, the service life exceeds 16 years, and the annual output value is10.20 million yuan, so it is known as "the first gold mine in China". Gold mines have world-class equipment, and all underground mines have realized mechanized production, with large capacity and high efficiency. Among them, the world's most advanced 35-ton overhead electric truck imported from Sweden has only three in Asian mines.

3. Have a complete industrial chain: the company's annual production capacity has increased from 65,438+00 tons of gold to 40 tons. At present, it has formed the most complete industrial chain of the national gold system, which integrates the production and refining of gold products, the processing of gold ornaments and the production and marketing. In June 2006, the company acquired 42.3 1% equity of Jinbo Economic and Trade Company held by Xinyi Company in cash with book value of 22 million yuan.