{"id":631204,"date":"2026-04-14T22:38:14","date_gmt":"2026-04-15T05:38:14","guid":{"rendered":"https:\/\/nai500.com\/?p=631204"},"modified":"2026-04-14T22:38:14","modified_gmt":"2026-04-15T05:38:14","slug":"%e5%a4%ae%e8%a1%8c%e9%83%bd%e5%9c%a8%e6%8a%a2%e9%bb%84%e9%87%91%e4%ba%86%ef%bc%8c%e8%bf%99%e4%ba%9b%e5%9b%9e%e8%b0%83%e7%9a%84%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%bb%84%e9%87%91%e8%82%a1%e4%b8%8d%e8%83%bd","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/04\/%e5%a4%ae%e8%a1%8c%e9%83%bd%e5%9c%a8%e6%8a%a2%e9%bb%84%e9%87%91%e4%ba%86%ef%bc%8c%e8%bf%99%e4%ba%9b%e5%9b%9e%e8%b0%83%e7%9a%84%e5%8a%a0%e6%8b%bf%e5%a4%a7%e9%bb%84%e9%87%91%e8%82%a1%e4%b8%8d%e8%83%bd\/","title":{"rendered":"\u592e\u884c\u90fd\u5728\u62a2\u9ec4\u91d1\u4e86\uff0c\u8fd9\u4e9b\u56de\u8c03\u7684\u52a0\u62ff\u5927\u9ec4\u91d1\u80a1\u4e0d\u80fd\u6284\u5e95\uff1f"},"content":{"rendered":"<p>\u8fd1\u671f\u7684\u56fd\u9645\u91d1\u4ef7\u8d70\u52bf\u8ba9\u4e0d\u5c11\u6295\u8d44\u8005\u9677\u5165\u8ff7\u832b\u2014\u2014\u521a\u521a\u51b2\u7834\u6bcf\u76ce\u53f85300\u7f8e\u5143\u5386\u53f2\u9ad8\u70b9\uff0c\u8f6c\u5934\u4fbf\u56e0\u4e2d\u4e1c\u5c40\u52bf\u6ce2\u52a8\u51fa\u73b0\u4e00\u8f6e\u6025\u8dcc\u3002\u52a0\u62ff\u5927\u5e02\u573a\u51e0\u53ea\u660e\u661f\u9ec4\u91d1\u80a1\u968f\u4e4b\u96c6\u4f53\u56de\u8c03\uff0c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=ABX%3ACA\">Barrick Gold\uff08ABX\uff09<\/a>\u3001<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=K%3ACA\">Kinross Gold\uff08K\uff09<\/a>\u3001<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=LUG%3ACA\">Lundin Gold\uff08LUG\uff09<\/a>\u5728\u4e09\u6708\u95f4\u8dcc\u5e45\u5747\u8d85\u8fc720%\u3002<\/p>\n<p>\u5e02\u573a\u6050\u614c\u4e4b\u9645\uff0c\u4e00\u4e2a\u66f4\u5b8f\u5927\u7684\u80cc\u666f\u5374\u88ab\u8bb8\u591a\u4eba\u5ffd\u7565\u4e86\uff1a\u5168\u7403\u592e\u884c\u6b63\u5728\u4ee5\u6570\u5341\u5e74\u672a\u89c1\u7684\u529b\u5ea6\u72c2\u626b\u9ec4\u91d1\u3002\u00a0\u5f53\u5404\u56fd\u8d27\u5e01\u5f53\u5c40\u90fd\u5728\u7528\u811a\u6295\u7968\u589e\u6301\u9ec4\u91d1\u50a8\u5907\uff0c\u6563\u6237\u5728\u56de\u8c03\u4e2d\u4ea4\u51fa\u7b79\u7801\uff0c\u6050\u6015\u5e76\u975e\u660e\u667a\u4e4b\u4e3e\u3002<\/p>\n<h2>\u592e\u884c\u62a2\u7b79\u7684\u903b\u8f91\uff1a\u4fe1\u7528\u8d27\u5e01\u7684\u88c2\u75d5\u4e0e\u9ec4\u91d1\u7684\u56de\u5f52<\/h2>\n<p>\u91d1\u4ef7\u8fd9\u4e00\u8f6e\u53f2\u8bd7\u7ea7\u884c\u60c5\u5e76\u975e\u51ed\u7a7a\u800c\u6765\u3002\u8fc7\u53bb\u4e94\u5e74\uff0c\u91d1\u4ef7\u4ece\u6bcf\u76ce\u53f81600\u7f8e\u5143\u51fa\u5934\u4e00\u8def\u6500\u5347\u81f3\u7a81\u78344785\u7f8e\u5143\uff0c\u6da8\u5e45\u9ad8\u8fbe173%\u3002\u63a8\u52a8\u8fd9\u6ce2\u6da8\u52bf\u7684\u6838\u5fc3\u4e70\u5bb6\uff0c\u6b63\u662f\u5404\u56fd\u592e\u884c\u3002\u636e\u8def\u900f\u793e\u62a5\u9053\uff0c\u4e2d\u56fd\u592e\u884c\u66fe\u8fde\u7eed17\u4e2a\u6708\u589e\u6301\u9ec4\u91d1\uff0c\u6ce2\u5170\u3001\u54c8\u8428\u514b\u65af\u5766\u7b49\u56fd\u540c\u6b65\u8ddf\u8fdb\u3002\u8868\u9762\u770b\u662f\u907f\u9669\u60c5\u7eea\u9a71\u52a8\uff0c\u6df1\u5c42\u903b\u8f91\u5219\u6307\u5411\u5168\u7403\u4fe1\u7528\u8d27\u5e01\u4f53\u7cfb\u7684\u88c2\u75d5\u3002<\/p>\n<p>\u4eca\u5e745\u6708\uff0c\u7a46\u8fea\u4e0b\u8c03\u7f8e\u56fd\u957f\u671f\u4fe1\u7528\u8bc4\u7ea7\uff0c\u7406\u7531\u76f4\u6307\u4e0d\u53ef\u6301\u7eed\u7684\u8d22\u653f\u8d64\u5b57\u548c\u8d85\u8fc736\u4e07\u4ebf\u7f8e\u5143\u7684\u503a\u52a1\u5927\u5c71\u3002\u5f53\u6240\u8c13\u201c\u65e0\u98ce\u9669\u8d44\u4ea7\u201d\u7684\u7f8e\u56fd\u56fd\u503a\u5f00\u59cb\u663e\u9732\u4fe1\u7528\u7455\u75b5\uff0c\u9ec4\u91d1\u4f5c\u4e3a\u65e0\u5bf9\u624b\u65b9\u98ce\u9669\u3001\u65e0\u6cd5\u88ab\u4eba\u4e3a\u8d85\u53d1\u7684\u7ec8\u6781\u8d27\u5e01\uff0c\u5176\u4ef7\u503c\u56de\u5f52\u4fbf\u52bf\u4e0d\u53ef\u6321\u3002\u4e00\u4e2a\u6807\u5fd7\u6027\u7684\u8f6c\u6298\u5df2\u7ecf\u51fa\u73b0\uff1a\u5168\u7403\u592e\u884c\u6301\u6709\u7684\u9ec4\u91d1\u50a8\u5907\u603b\u4ef7\u503c\uff0c\u5386\u53f2\u4e0a\u9996\u6b21\u8d85\u8d8a\u5176\u6301\u6709\u7684\u7f8e\u56fd\u56fd\u503a\u603b\u989d\u3002\u00a0\u592e\u884c\u4eec\u6b63\u5728\u7528\u5b9e\u9645\u884c\u52a8\u91cd\u6784\u50a8\u5907\u8d44\u4ea7\u7248\u56fe\u2014\u2014\u4f60\u624b\u91cc\u7684\u7f8e\u5143\u8d44\u4ea7\u6216\u8bb8\u4f1a\u8d2c\u503c\uff0c\u4f46\u5730\u4e0b\u6316\u51fa\u6765\u7684\u9ec4\u91d1\u4e0d\u4f1a\u51ed\u7a7a\u6d88\u5931\u3002<\/p>\n<h2>\u4e09\u53ea\u52a0\u62ff\u5927\u9ec4\u91d1\u80a1\uff0c\u8c01\u56de\u8c03\u51fa\u4e86\u201c\u9ec4\u91d1\u5751\u201d\uff1f<\/h2>\n<p>\u592e\u884c\u62a2\u9ec4\u91d1\uff0c\u6563\u6237\u8ddf\u7740\u4e70\u91d1\u6761\u56fa\u7136\u7a33\u59a5\uff0c\u4f46\u4ece\u8d44\u672c\u56de\u62a5\u7387\u89d2\u5ea6\u770b\uff0c\u9ec4\u91d1\u77ff\u4e1a\u80a1\u7684\u5f39\u6027\u5f80\u5f80\u8fdc\u8d85\u91d1\u4ef7\u672c\u8eab\u3002\u00a0\u8fc7\u53bb\u4e00\u6bb5\u65f6\u95f4\uff0c\u52a0\u62ff\u5927\u5934\u90e8\u9ec4\u91d1\u80a1\u7684\u6da8\u5e45\u751a\u81f3\u8dd1\u8d62\u4e86\u591a\u6570\u9ad8\u589e\u957f\u79d1\u6280\u80a1\u3002\u5982\u4eca\u80a1\u4ef7\u96c6\u4f53\u6253\u6298\uff0c\u6b63\u662f\u5ba1\u89c6\u57fa\u672c\u9762\u7684\u597d\u65f6\u673a\u3002<\/p>\n<p>\u4e09\u5bb6\u6700\u5177\u4ee3\u8868\u6027\u7684\u52a0\u62ff\u5927\u9ec4\u91d1\u77ff\u5546\u2014\u2014Barrick Gold\u3001Kinross Gold\u548c Lundin Gold \u2014\u2014\u5728\u4e09\u6708\u56de\u8c03\u4e2d\u5747\u51fa\u73b0\u4e86\u8d8520%\u7684\u8dcc\u5e45\u3002\u4f46\u6284\u5e95\u4e0d\u80fd\u201c\u4e00\u89c6\u540c\u4ec1\u201d\uff0c\u5173\u952e\u5728\u4e8e\u5b8c\u5168\u7ef4\u6301\u6210\u672c\uff08AISC\uff09\u4e0e\u80a1\u4ef7\u5f39\u6027\u7684\u5bf9\u6bd4\u3002<\/p>\n<table>\n<thead>\n<tr>\n<td>\u9ec4\u91d1\u80a1<\/td>\n<td>2025\u5e74\u4ea7\u91cf\u9884\u4f30 (\u76ce\u53f8)<\/td>\n<td>\u51c0\u73b0\u91d1\u72b6\u51b5<\/td>\n<td>\u5b8c\u5168\u7ef4\u6301\u6210\u672c AISC\/\u76ce\u53f8<\/td>\n<td>2026\u5e74 AISC \u9884\u4f30<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Barrick Gold<\/td>\n<td>326\u4e07<\/td>\n<td>20\u4ebf\u7f8e\u5143<\/td>\n<td>$1,637<\/td>\n<td>$1,855<\/td>\n<\/tr>\n<tr>\n<td>Kinross Gold<\/td>\n<td>200\u4e07<\/td>\n<td>10\u4ebf\u7f8e\u5143<\/td>\n<td>$1,571<\/td>\n<td>$1,730<\/td>\n<\/tr>\n<tr>\n<td>Lundin Gold<\/td>\n<td>49.8\u4e07<\/td>\n<td>6.3\u4ebf\u7f8e\u5143<\/td>\n<td>$1,015<\/td>\n<td>$1,140<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul>\n<li>Lundin Gold\uff1a\u6210\u672c\u6740\u624b\uff0c\u5f39\u6027\u6700\u5927\u3002\u00a0AISC\u4ec5\u4e3a1015\u7f8e\u5143\/\u76ce\u53f8\uff0c\u610f\u5473\u7740\u91d1\u4ef7\u5373\u4fbf\u5927\u5e45\u56de\u843d\uff0c\u5176\u5229\u6da6\u7a7a\u95f4\u4f9d\u7136\u539a\u5b9e\u3002\u4f46\u4f53\u91cf\u8f83\u5c0f\u3001\u4ea7\u91cf\u4e0d\u523050\u4e07\u76ce\u53f8\uff0c\u80a1\u4ef7\u6ce2\u52a8\u6027\u4e5f\u6700\u9ad8\u2014\u2014\u4e09\u6708\u56de\u8c03\u5e45\u5ea6\u4e3a24.5%\uff0c\u4f46\u8fc7\u53bb12\u4e2a\u6708\u53cd\u5f39\u4e86124.6%\u3002\u9002\u5408\u80fd\u627f\u53d7\u6ce2\u52a8\u7684\u8fdb\u653b\u578b\u8d44\u91d1\u3002<\/li>\n<li>Barrick Gold\uff1a\u822a\u6bcd\u7ea7\u9009\u624b\uff0c\u7a33\u5b57\u5f53\u5934\u3002\u00a0\u4ea7\u91cf\u8d85320\u4e07\u76ce\u53f8\uff0c\u8d26\u4e0a\u8db4\u774020\u4ebf\u7f8e\u5143\u51c0\u73b0\u91d1\uff0c\u662f\u52a0\u62ff\u5927\u9ec4\u91d1\u677f\u5757\u7684\u5b9a\u6d77\u795e\u9488\u3002\u4f46\u5176AISC\u9ad8\u8fbe1637\u7f8e\u5143\uff0c\u6210\u672c\u504f\u9ad8\u5bfc\u81f4\u80a1\u4ef7\u5728\u91d1\u4ef7\u4e0a\u884c\u521d\u671f\u7684\u7206\u53d1\u529b\u5f80\u5f80\u7a0d\u900a\u4e00\u7b79\u3002\u8fc7\u53bb12\u4e2a\u6708\u6da8\u5e45112%\uff0c\u9002\u5408\u7a33\u5065\u914d\u7f6e\u3002<\/li>\n<li>Kinross Gold\uff1a\u5e73\u8861\u4e4b\u738b\uff0c\u653b\u5b88\u517c\u5907\u3002\u00a0\u8fd9\u662f\u5f53\u524d\u56de\u8c03\u4e2d\u6700\u503c\u5f97\u7559\u610f\u7684\u6807\u7684\u3002AISC\u4ec51571\u7f8e\u5143\uff0c\u660e\u663e\u4f18\u4e8eBarrick\uff1b\u4ea7\u91cf200\u4e07\u76ce\u53f8\uff0c\u4f53\u91cf\u53c8\u8fdc\u975eLundin\u53ef\u6bd4\u3002\u8fd9\u79cd\u9002\u4e2d\u7684\u6210\u672c\u63a7\u5236+\u53ef\u89c2\u7684\u4ea7\u80fd\u89c4\u6a21\uff0c\u8ba9\u5b83\u65e2\u80fd\u5728\u91d1\u4ef7\u4e0b\u8dcc\u65f6\u625b\u4f4f\u538b\u529b\uff0c\u53c8\u80fd\u5728\u53cd\u5f39\u4e2d\u51b2\u5728\u6700\u524d\u3002\u4e8b\u5b9e\u4e5f\u5370\u8bc1\u4e86\u8fd9\u4e00\u70b9\u2014\u2014\u4e09\u6708\u56de\u8c03\u6700\u6df1\uff08\u8dcc27.8%\uff09\uff0c\u4f46\u8fc7\u53bb12\u4e2a\u6708\u6da8\u5e45\u5374\u8fbe\u5230131%\uff0c\u9886\u8dd1\u4e09\u8005\u3002<\/li>\n<\/ul>\n<h2>\u7ed3\u8bed\uff1a\u592e\u884c\u5728\u4e70\uff0c\u4f60\u5728\u6015\u4ec0\u4e48\uff1f<\/h2>\n<p>\u5206\u6790\u5e08\u6307\u51fa\uff0c\u5f53\u5e02\u573a\u5145\u6ee1\u566a\u97f3\u3001\u6295\u8d44\u8005\u538c\u5026\u731c\u6d4b\u54ea\u53ea\u80a1\u7968\u80fd\u8dd1\u8d62\u5927\u76d8\u65f6\uff0c\u56de\u5f52\u4f9b\u9700\u57fa\u672c\u9762\u662f\u6700\u6734\u7d20\u4e5f\u6700\u53ef\u9760\u7684\u65b9\u6cd5\u3002\u5f53\u524d\u91d1\u4ef7\u7684\u77ed\u671f\u56de\u8c03\u66f4\u591a\u662f\u5730\u7f18\u60c5\u7eea\u6270\u52a8\uff0c\u800c\u975e\u957f\u671f\u8d8b\u52bf\u9006\u8f6c\u3002\u53ea\u8981\u5168\u7403\u592e\u884c\u589e\u6301\u9ec4\u91d1\u3001\u4fe1\u7528\u8d27\u5e01\u4f53\u7cfb\u91cd\u6784\u7684\u5e95\u5c42\u903b\u8f91\u4e0d\u53d8\uff0c\u9ec4\u91d1\u80a1\u6bcf\u4e00\u6b21\u975e\u7406\u6027\u4e0b\u8dcc\uff0c\u90fd\u53ef\u80fd\u662f\u4e00\u6b21\u6253\u6298\u4e70\u5165\u786c\u8d44\u4ea7\u7684\u673a\u4f1a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u8fd1\u671f\u7684\u56fd\u9645\u91d1\u4ef7\u8d70\u52bf\u8ba9\u4e0d\u5c11\u6295\u8d44\u8005\u9677\u5165\u8ff7\u832b\u2014\u2014\u521a\u521a\u51b2\u7834\u6bcf\u76ce\u53f85300\u7f8e\u5143\u5386\u53f2\u9ad8\u70b9\uff0c\u8f6c\u5934\u4fbf\u56e0\u4e2d\u4e1c\u5c40\u52bf\u6ce2\u52a8\u51fa\u73b0\u4e00\u8f6e\u6025\u8dcc [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":553236,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430,2196],"tags":[2146,659,2232,440],"class_list":["post-631204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","category-2196","tag-2146","tag-659","tag-2232","tag-440","sectors-gold-zh-hans","locations-canada-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/631204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=631204"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/631204\/revisions"}],"predecessor-version":[{"id":631207,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/631204\/revisions\/631207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/553236"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=631204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=631204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=631204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}