{"id":582613,"date":"2025-07-09T18:47:27","date_gmt":"2025-07-10T01:47:27","guid":{"rendered":"https:\/\/nai500.com\/?p=582613"},"modified":"2025-07-09T18:49:46","modified_gmt":"2025-07-10T01:49:46","slug":"%e4%ba%94%e5%8f%aa-%e6%b4%be%e6%81%af-%e7%99%bd%e9%93%b6-%e8%82%a1%e7%a5%a8-%e9%81%bf%e9%99%a9-%e7%a8%b3%e5%81%a5-%e6%94%b6%e7%9b%8a","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/07\/%e4%ba%94%e5%8f%aa-%e6%b4%be%e6%81%af-%e7%99%bd%e9%93%b6-%e8%82%a1%e7%a5%a8-%e9%81%bf%e9%99%a9-%e7%a8%b3%e5%81%a5-%e6%94%b6%e7%9b%8a\/","title":{"rendered":"\u4e94\u53ea\u503c\u5f97\u5173\u6ce8\u7684\u6d3e\u606f\u767d\u94f6\u80a1\u7968\uff1a\u907f\u9669\u5c5e\u6027\u4e0b\u7684\u7a33\u5065\u6536\u76ca\u4fdd\u969c"},"content":{"rendered":"

\u5728\u5168\u7403\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\u52a0\u5267\u7684\u80cc\u666f\u4e0b\uff0c\u517c\u5177\u907f\u9669\u5c5e\u6027\u4e0e\u5de5\u4e1a\u9700\u6c42\u7684\u767d\u94f6\u6210\u4e3a\u6295\u8d44\u8005\u5173\u6ce8\u7684\u7126\u70b9\u3002\u5c3d\u7ba1\u94f6\u4ef7\u6ce2\u52a8\u5267\u70c8\uff0c\u4f46\u90e8\u5206\u8d22\u52a1\u7a33\u5065\u7684\u767d\u94f6\u77ff\u4e1a\u516c\u53f8\u901a\u8fc7\u6301\u7eed\u6d3e\u606f\u4e3a\u6295\u8d44\u8005\u63d0\u4f9b\u6536\u76ca\u4fdd\u969c\u3002\u672c\u6587\u7cbe\u9009\u4e94\u53ea\u80a1\u606f\u7387\u9886\u5148\u7684\u94f6\u77ff\u80a1\uff08\u6570\u636e\u622a\u81f32025\u5e746\u670819\u65e5\uff09\uff0c\u4e3a\u6295\u8d44\u8005\u89e3\u6790\u5176\u6295\u8d44\u4ef7\u503c\u3002<\/p>\n

1. <\/b><\/strong>Fresnillo (LSE:FRES,OTC Pink:FNLPF)<\/a>\uff1a\u5168\u7403\u6700\u5927\u539f\u751f\u94f6\u77ff\u5546\uff0c\u80a1\u606f\u653f\u7b56\u7075\u6d3b<\/b><\/strong><\/h3>\n

\u4f5c\u4e3a\u5168\u7403\u6700\u5927\u539f\u751f\u767d\u94f6\u751f\u4ea7\u5546\uff0c\u58a8\u897f\u54e5\u4e0a\u5e02\u7684Fresnillo\u00a02024\u5e74\u767d\u94f6\u4ea7\u91cf\u8fbe5630\u4e07\u76ce\u53f8\uff0c\u9ec4\u91d1\u4ea7\u91cf61\u4e07\u76ce\u53f8\u3002\u5176\u65d7\u8230Fresnillo\u94f6\u77ff\u4ea7\u91cf\u5360\u5168\u7403\u539f\u751f\u94f6\u4f9b\u5e94\u91cf\u768412%\u3002\u8be5\u516c\u53f8\u91c7\u7528\u201c\u4e09\u5206\u4e4b\u4e00\u4e2d\u671f+\u4e09\u5206\u4e4b\u4e8c\u672b\u671f\u201d\u7684\u80a1\u606f\u5206\u914d\u6a21\u5f0f\uff0c2024\u5e74\u56e0\u4e1a\u7ee9\u589e\u957f26.9%\u989d\u5916\u6d3e\u53d1\u6bcf\u80a131.47\u4fbf\u58eb\uff08\u7ea60.418\u7f8e\u5143\uff09\u7279\u522b\u80a1\u606f\uff0c\u521b\u4e0b\u5386\u53f2\u6700\u9ad8\u6d3e\u606f\u7eaa\u5f55\u3002Fresnillo\u5f53\u524d\u80a1\u606f\u6536\u76ca\u7387\u4e3a1.71%\uff0c\u5728\u767d\u94f6\u80a1\u4e2d\u540d\u5217\u524d\u8305\u3002<\/p>\n

\u6295\u8d44\u4eae\u70b9<\/b><\/strong>\uff1a<\/p>\n

\u62e5\u6709\u5168\u7403\u6700\u9ad8\u54c1\u4f4d\u94f6\u77ff\u8d44\u6e90\uff1b\u80a1\u606f\u53ef\u9009\u62e9\u82f1\u9551\u6216\u7f8e\u5143\u7ed3\u7b97\uff1b2025\u5e74\u7b2c\u4e00\u5b63\u5ea6\u767d\u94f6\u4ea7\u91cf\u540c\u6bd4\u63d0\u53479%<\/p>\n

2. <\/b><\/strong>Pan American Silver (TSX:PAAS,NYSE:PAAS)<\/a>\uff1a\u5e76\u8d2d\u6269\u5f20\u4e2d\u7684\u9ad8\u80a1\u606f\u5ef6\u7eed\u8005<\/b><\/strong><\/h3>\n

\u8fd9\u5bb6\u52a0\u62ff\u5927\u77ff\u4f01\u5728\u62c9\u7f8e\u8fd0\u8425\u56db\u5927\u94f6\u77ff\uff0c2024\u5e74\u767d\u94f6\u4ea7\u91cf2110\u4e07\u76ce\u53f8\u3002\u6cdb\u7f8e\u767d\u94f6\u516c\u53f82025\u5e745\u6708\u5ba3\u5e03\u6536\u8d2dMAG Silver\u516c\u53f844%\u80a1\u6743\uff0c\u5c06\u63a7\u80a1\u58a8\u897f\u54e5\u5927\u578b\u9ad8\u54c1\u4f4dJuanicipio\u94f6\u77ff\uff08\u9884\u8ba1\u5e74\u4ea7\u80fd1600\u4e07\u76ce\u53f8\uff09\u3002\u8be5\u516c\u53f8\u5386\u53f2\u4e0a\u66fe\u8fde\u7eed9\u4e2a\u5b63\u5ea6\u7ef4\u6301\u6bcf\u80a10.125\u7f8e\u5143\u80a1\u606f\uff0c\u5f53\u524d\u80a1\u606f\u73871.41%\uff0c\u6700\u65b0\u5b63\u5ea6\u80a1\u606f\u4e3a0.10\u7f8e\u5143\/\u80a1\u3002<\/p>\n

\u6838\u5fc3\u4f18\u52bf<\/b><\/strong>\uff1a<\/p>\n

\u5e76\u8d2d\u6218\u7565\u6301\u7eed\u63d0\u5347\u8d44\u6e90\u50a8\u5907\uff1b\u526f\u4ea7\u54c1\u9ec4\u91d1\u8d21\u732e25%\u8425\u6536\uff0c\u5bf9\u51b2\u94f6\u4ef7\u6ce2\u52a8\uff1b\u73b0\u91d1\u6d41\u8986\u76d6\u80a1\u606f\u652f\u4ed8\u7387\u8fbe85%<\/p>\n

3. <\/b><\/strong>Wheaton Precious Metals (TSX:WPM,NYSE:WPM)<\/a>\uff1a\u96f6\u5f00\u91c7\u98ce\u9669\u7684<\/b><\/strong>\u201c<\/b><\/strong>\u767d\u94f6\u94f6\u884c<\/b><\/strong>\u201d<\/b><\/strong><\/h3>\n

\u4f5c\u4e3a\u5168\u7403\u6700\u5927\u8d35\u91d1\u5c5e\u6d41\u4e1a\u52a1\u516c\u53f8\uff0cWheaton\u901a\u8fc7\u9884\u4ed8\u6b3e\u9501\u5b9a18\u4e2a\u77ff\u5c71\u7684\u767d\u94f6\u4f18\u5148\u91c7\u8d2d\u6743\uff0c\u89c4\u907f\u5f00\u91c7\u6210\u672c\u98ce\u9669\u3002\u5176\u5546\u4e1a\u6a21\u5f0f\u4f7f\u80a1\u606f\u652f\u4ed8\u4e0e\u94f6\u4ef7\u76f4\u63a5\u6302\u94a9\uff0c2025\u5e74\u5df2\u4e24\u6b21\u6d3e\u53d1\u6bcf\u80a10.165\u7f8e\u5143\u5b63\u5ea6\u80a1\u606f\u3002\u5c3d\u7ba1\u80a1\u606f\u73870.71%\u76f8\u5bf9\u8f83\u4f4e\uff0c\u4f46\u8fd1\u4e94\u5e74\u80a1\u606f\u590d\u5408\u589e\u957f\u7387\u8fbe12%\u3002<\/p>\n

\u72ec\u7279\u4ef7\u503c<\/b><\/strong>\uff1a<\/p>\n

28\u4e2a\u5f00\u53d1\u4e2d\u9879\u76ee\u63d0\u4f9b\u957f\u671f\u4ea7\u91cf\u4fdd\u969c\uff1b\u7ecf\u8425\u5229\u6da6\u7387\u8d8560%\uff0c\u8fdc\u9ad8\u4e8e\u4f20\u7edf\u77ff\u4f01\uff1b\u94f6\u4ef7\u6bcf\u4e0a\u6da810\u7f8e\u5143\uff0c\u5e74\u5316\u73b0\u91d1\u6d41\u589e\u52a01.2\u4ebf\u7f8e\u5143<\/p>\n

4. <\/b><\/strong>Silvercorp Metals (TSX:SVM)<\/a>\uff1a\u4e2d\u56fd\u77ff\u5c71\u8fd0\u8425\u7684\u6210\u672c\u63a7\u5236\u4e13\u5bb6<\/b><\/strong><\/h3>\n

\u4e13\u6ce8\u4e8e\u4e2d\u56fd\u94f6\u77ff\u5f00\u53d1\u7684\u5e0c\u5c14\u5a01\u91d1\u5c5e\uff0c2025\u8d22\u5e74\uff08\u622a\u81f33\u670831\u65e5\uff09\u767d\u94f6\u4ea7\u91cf695\u4e07\u76ce\u53f8\uff0c\u73b0\u91d1\u6210\u672c\u4ec53.2\u7f8e\u5143\/\u76ce\u53f8\u3002\u8be5\u516c\u53f8\u5b9e\u884c\u534a\u5e74\u5ea6\u80a1\u606f\u653f\u7b56\uff0c\u6700\u65b0\u80a1\u606f\u4e3a0.0125\u7f8e\u5143\/\u80a1\uff0c\u867d\u7edd\u5bf9\u503c\u8f83\u5c0f\uff0c\u4f46\u5bf9\u5e94\u80a1\u606f\u73870.59%\u4e14\u8fd1\u4e09\u5e74\u672a\u66fe\u4e2d\u65ad\u3002<\/p>\n

\u6295\u8d44\u903b\u8f91<\/b><\/strong>\uff1a<\/p>\n

\u5e7f\u4e1c\u9e70\u5c71\u77ff\u54c1\u4f4d\u8fbe285\u514b\/\u5428\uff0c\u6392\u540d\u5168\u7403\u524d5%\uff1b2026\u5e74\u4ea7\u91cf\u6307\u5f15\u63d0\u5347\u81f3760\u4e07\u76ce\u53f8\uff1b\u4eba\u6c11\u5e01\u8ba1\u4ef7\u6210\u672c\u53d7\u76ca\u4e8e\u6c47\u7387\u4f18\u52bf<\/p>\n

5. <\/b><\/strong>Hecla Mining Company (NYSE:HL)<\/a>\uff1a\u5317\u7f8e\u767d\u94f6\u9f99\u5934\uff0c\u80a1\u606f\u653f\u7b56\u8f6c\u578b<\/b><\/strong><\/h3>\n

\u8fd9\u5bb6\u62e5\u6709133\u5e74\u5386\u53f2\u7684\u5317\u7f8e\u6700\u5927\u539f\u751f\u94f6\u5546\uff0c2024\u5e74\u767d\u94f6\u4ea7\u91cf1620\u4e07\u76ce\u53f8\u4e3a\u5386\u53f2\u7b2c\u4e8c\u9ad8\u3002\u8be5\u516c\u53f82025\u5e74\u53d6\u6d88\u4e0e\u94f6\u4ef7\u6302\u94a9\u7684\u6d6e\u52a8\u80a1\u606f\uff0c\u6539\u4e3a\u56fa\u5b9a\u5b63\u5ea6\u80a1\u606f0.00375\u7f8e\u5143\/\u80a1\uff0c\u65e8\u5728\u96c6\u4e2d\u8d44\u91d1\u5f00\u53d1\u80b2\u7a7a\u5730\u533a\u8d85\u9ad8\u54c1\u4f4dKeno Hill\u94f6\u77ff\uff08\u94f6\u54c1\u4f4d804\u514b\/\u5428\uff09\u3002<\/p>\n

\u6218\u7565\u770b\u70b9<\/b><\/strong>\uff1a<\/p>\n

\u963f\u62c9\u65af\u52a0Greens Creek\u77ff\u73b0\u91d1\u6210\u672c\u6781\u4f4e\uff1bB\u7c7b\u4f18\u5148\u80a1\u63d0\u4f9b7.5%\u5e74\u5316\u80a1\u606f\u7387\uff1b\u94f6\u4ef7\u7a81\u783430\u7f8e\u5143\/\u76ce\u53f8\u540e\u6709\u671b\u6062\u590d\u7279\u522b\u80a1\u606f<\/p>\n","protected":false},"excerpt":{"rendered":"

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