{"id":612782,"date":"2026-01-02T23:18:53","date_gmt":"2026-01-03T07:18:53","guid":{"rendered":"https:\/\/nai500.com\/?p=612782"},"modified":"2026-01-02T23:21:17","modified_gmt":"2026-01-03T07:21:17","slug":"2025%e5%b9%b4-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e9%8b%85%e5%b8%82%e5%80%bc-%e6%9c%80%e5%a4%a7-%e4%ba%94%e5%ae%b6-%e5%85%ac%e5%8f%b8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/01\/2025%e5%b9%b4-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e9%8b%85%e5%b8%82%e5%80%bc-%e6%9c%80%e5%a4%a7-%e4%ba%94%e5%ae%b6-%e5%85%ac%e5%8f%b8\/","title":{"rendered":"\u76e4\u9ede2025\u5e74\u52a0\u62ff\u5927\u92c5\u7926\u9818\u57df\u5e02\u503c\u6700\u5927\u7684\u4e94\u5bb6\u516c\u53f8"},"content":{"rendered":"

2025\u5e74\uff0c\u92c5\u50f9\u5728\u4e0b\u534a\u5e74\u8fce\u4f86\u53cd\u5f48\uff0c\u65bc12\u6708\u91cd\u56de\u6bcf\u56783000\u7f8e\u5143\u4e0a\u65b9\u3002\u9019\u4e00\u50f9\u683c\u8907\u8607\u70ba\u52a0\u62ff\u5927\u92c5\u7926\u4f01\u696d\u5e36\u4f86\u4e86\u5598\u606f\u4e4b\u6a5f\uff0c\u76e1\u7ba1\u5e02\u5834\u4ecd\u9762\u81e8\u6311\u6230\uff1a\u4e2d\u570b\u623f\u5730\u7522\u884c\u696d\u8907\u8607\u9810\u671f\u6e1b\u5f31\u6291\u5236\u4e86\u934d\u92c5\u92fc\u9700\u6c42\uff0c\u800c\u7f8e\u570b\u8cbf\u6613\u653f\u7b56\u7684\u4e0d\u78ba\u5b9a\u6027\u6301\u7e8c\u5f71\u97ff\u8457\u5e02\u5834\u60c5\u7dd2\u3002<\/p>\n

\u5728\u5168\u7403\u92c5\u7926\u4f9b\u61c9\u904e\u5269\u9010\u6b65\u6536\u7a84\u4f46\u7cbe\u7149\u7522\u54c1\u5eab\u5b58\u9ad8\u4f01\u7684\u80cc\u666f\u4e0b\uff0c\u52a0\u62ff\u5927\u92c5\u7926\u4f01\u696d\u7684\u8868\u73fe\u5448\u73fe\u51fa\u660e\u986f\u5206\u5316\u3002\u622a\u81f32025\u5e7412\u670824\u65e5\uff0c\u5e02\u503c\u8d85\u904e5000\u842c\u52a0\u5143\u7684\u52a0\u62ff\u5927\u92c5\u7926\u4e0a\u5e02\u516c\u53f8\u4e2d\uff0c\u4e94\u5bb6\u4f01\u696d\u6191\u501f\u5176\u8cc7\u6e90\u898f\u6a21\u3001\u9805\u76ee\u9032\u5c55\u8207\u6230\u7565\u5e03\u5c40\u812b\u7a4e\u800c\u51fa\u3002<\/p>\n

\u884c\u696d\u5de8\u64ce\uff1a\u6cf0\u514b\u8cc7\u6e90\u7684\u5168\u7403\u5e03\u5c40\u8207\u4e16\u7d00\u4e26\u8cfc<\/b><\/strong><\/h2>\n

\u6cf0\u514b\u8cc7\u6e90Teck Resources\uff08TSX:TECK.A<\/a>\uff09\u4ee5312.5\u5104\u52a0\u5143\u7684\u5e02\u503c\u7a69\u5c45\u699c\u9996\uff0c\u9019\u5bb6\u7e3d\u90e8\u4f4d\u65bc\u6eab\u54e5\u83ef\u7684\u591a\u5143\u5316\u7926\u696d\u5de8\u982d\u4e0d\u50c5\u662f\u5168\u7403\u6700\u5927\u7684\u92c5\u751f\u7522\u5546\u4e4b\u4e00\uff0c\u66f4\u57282025\u5e74\u5b8c\u6210\u4e86\u4e00\u5834\u6539\u5beb\u884c\u696d\u683c\u5c40\u7684\u4e26\u8cfc\u30022025\u5e74\uff0c\u6cf0\u514b\u7684\u92c5\u7522\u91cf\u6307\u5c0e\u76ee\u6a19\u70ba52.5\u842c\u81f357.5\u842c\u516c\u5678\u3002\u5176\u6838\u5fc3\u8cc7\u7522\u5305\u62ec\u7f8e\u570b\u963f\u62c9\u65af\u52a0\u7684Red Dog\u7926\u2014\u20142024\u5e74\u8ca2\u737b\u4e8655.56\u842c\u516c\u5678\u92c5\u7cbe\u7926\uff0c\u4ee5\u53ca\u6301\u670922.5%\u6b0a\u76ca\u7684\u79d8\u9b6f\u5b89\u5854\u7c73\u7d0d\u9285\u92c5\u7926\u3002<\/p>\n

\u66f4\u70ba\u5f15\u4eba\u6ce8\u76ee\u7684\u662f\u5176\u4f4d\u65bc\u5351\u8a69\u7701\u7684Trail\u51b6\u7149\u5ee0\uff0c\u4f5c\u70ba\u5168\u7403\u6700\u5927\u7684\u5b8c\u5168\u4e00\u9ad4\u5316\u92c5\u925b\u51b6\u7149\u8207\u7cbe\u7149\u7d9c\u5408\u9ad4\u4e4b\u4e00\uff0c\u8a72\u5ee02024\u5e74\u751f\u7522\u4e8625.6\u842c\u516c\u5678\u7cbe\u7149\u92c5\u30022025\u5e749\u6708\uff0c\u6cf0\u514b\u5ba3\u5e03\u8207\u7926\u696d\u5de8\u982d\u82f1\u7f8e\u8cc7\u6e90\u96c6\u5718\u4ee5700\u5104\u52a0\u5143\u9032\u884c\u201c\u5e73\u7b49\u5408\u4e26\u201d\uff0c\u7d44\u5efa\u82f1\u7f8e\u6cf0\u514b\u516c\u53f8\u3002\u9019\u7b46\u4ea4\u6613\u65bc12\u670815\u65e5\u7372\u5f97\u52a0\u62ff\u5927\u806f\u90a6\u653f\u5e9c\u6279\u51c6\uff0c\u689d\u4ef6\u662f\u96d9\u65b9\u627f\u8afe\u5728\u52a0\u62ff\u5927\u4fdd\u969c4000\u500b\u5de5\u4f5c\u5d17\u4f4d\u4e26\u5728\u4e94\u5e74\u5167\u6295\u516545\u5104\u52a0\u5143\u3002\u5408\u4e26\u5f8c\u7684\u65b0\u516c\u53f8\u5c07\u7e7c\u7e8c\u4ee5\u6eab\u54e5\u83ef\u70ba\u7e3d\u90e8\uff0c\u6210\u70ba\u5351\u8a69\u7701\u6709\u53f2\u4ee5\u4f86\u6700\u5927\u7684\u4f01\u696d\u3002<\/p>\n

\u660e\u65e5\u4e4b\u661f\uff1a<\/b><\/strong>Foran Mining<\/b><\/strong>\u7684\u6295\u7522\u5012\u8a08\u6642<\/b><\/strong><\/h2>\n

\u5e02\u503c26.2\u5104\u52a0\u5143\u7684Foran Mining\uff08TSX:FOM<\/a>\uff09\u00a0\u6b63\u5168\u529b\u63a8\u9032\u5176\u4f4d\u65bc\u85a9\u65af\u5580\u5fb9\u6eab\u7701\u7684McIlvenna Bay\u9805\u76ee\uff0c\u8a72\u9805\u76ee\u5df2\u9032\u5165\u6295\u7522\u524d\u7684\u6700\u5f8c\u6c96\u523a\u968e\u6bb5\u3002\u622a\u81f32025\u5e7412\u6708\uff0c\u8a72\u9805\u76ee\u958b\u767c\u9032\u5ea6\u5df2\u905479%\uff0c\u6309\u8a08\u5283\u6309\u9810\u7b97\u63a8\u9032\uff0c\u9810\u8a08\u5c07\u65bc2026\u5e74\u5e74\u4e2d\u5be6\u73fe\u5546\u696d\u5316\u751f\u7522\u3002\u516c\u53f8\u57f7\u884c\u8463\u4e8b\u9577\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u4e39\u00b7\u9081\u723e\u68ee\u8868\u793a\uff1a\u201c\u9810\u8abf\u8a66\u5de5\u4f5c\u5df2\u5168\u9762\u5c55\u958b\uff0c\u76ee\u524d\u7684\u9032\u5c55\u8b49\u660e\u4e86\u6211\u5011\u5718\u968a\u548c\u57fa\u790e\u8a2d\u65bd\u7684\u904b\u71df\u51c6\u5099\u5c31\u7dd2\u3002\u201d<\/p>\n

\u8a72\u9805\u76ee\u7684\u8cc7\u6e90\u898f\u6a21\u4ee4\u4eba\u77da\u76ee\uff1a2025\u5e743\u6708\u7684\u6280\u8853\u5831\u544a\u986f\u793a\uff0c\u6307\u793a\u8cc7\u6e90\u91cf\u905418.6\u5104\u78c5\u92c5\uff0c\u5e73\u5747\u54c1\u4f4d2.18%\uff1b\u63a8\u65b7\u8cc7\u6e90\u91cf2.6\u5104\u78c5\uff0c\u54c1\u4f4d2.6%\u3002\u622a\u81f311\u6708\u5e95\uff0c\u7926\u77f3\u5eab\u5b58\u5df2\u7a4d\u7d2f\u7d0416.5\u842c\u516c\u5678\uff0c\u70ba\u660e\u5e74\u6295\u7522\u505a\u597d\u4e86\u5145\u5206\u51c6\u5099\u3002<\/p>\n

\u653f\u7b56\u53d7\u76ca\u8005\uff1a<\/b><\/strong>Trilogy Metals<\/b><\/strong>\u7684\u9006\u8f49\u4e4b\u8def<\/b><\/strong><\/h2>\n

Trilogy Metals\uff08TSX:TMQ<\/a>\uff09\u5e02\u503c11.4\u5104\u52a0\u5143\uff0c\u5176\u547d\u904b\u8207\u653f\u7b56\u98a8\u5411\u7dca\u5bc6\u76f8\u9023\u3002\u516c\u53f8\u6838\u5fc3\u8cc7\u7522\u662f\u4f4d\u65bc\u963f\u62c9\u65af\u52a0\u4e0a\u79d1\u4f2f\u514b\u5730\u5340\u7684Arctic\u9805\u76ee\uff0c\u9019\u662f\u4e00\u500b\u8655\u65bc\u53ef\u884c\u6027\u7814\u7a76\u968e\u6bb5\u7684\u9285\u92c5\u925b\u91d1\u9280\u591a\u91d1\u5c6c\u706b\u5c71\u6210\u56e0\u584a\u72c0\u786b\u5316\u7269\u7926\u5e8a\u3002<\/p>\n

\u8a72\u9805\u76ee\u66fe\u56e0\u62dc\u767b\u653f\u5e9c\u65bc2024\u5e746\u6708\u5426\u6c7a\u5176Ambler\u901a\u9053\u8a08\u5283\u800c\u9677\u5165\u505c\u6eef\uff0c\u7406\u7531\u662f\u64ec\u5efa\u9053\u8def\u53ef\u80fd\u5c0d\u7576\u5730\u539f\u59cb\u74b0\u5883\u548c\u793e\u5340\u9020\u6210\u5f71\u97ff\u3002\u7136\u800c\uff0c\u7279\u6717\u666e\u653f\u5e9c\u4e0a\u81fa\u5f8c\u63a8\u7ffb\u4e86\u9019\u4e00\u6c7a\u5b9a\uff0c\u805a\u7126\u963f\u62c9\u65af\u52a0\u81ea\u7136\u8cc7\u6e90\u958b\u767c\u7684\u7cfb\u5217\u884c\u653f\u547d\u4ee4\u70ba\u9805\u76ee\u5e36\u4f86\u8f49\u6a5f\u30022025\u5e7410\u670824\u65e5\uff0c\u963f\u62c9\u65af\u52a0\u5de5\u696d\u767c\u5c55\u53ca\u51fa\u53e3\u7ba1\u7406\u5c40\u6388\u4e88\u4e86\u9053\u8def\u901a\u884c\u6b0a\u8a31\u53ef\uff0c\u91cd\u65b0\u78ba\u7acb\u4e86\u8a72\u9805\u76ee\u7684\u806f\u90a6\u6388\u6b0a\u3002<\/p>\n

\u52d8\u63a2\u5148\u92d2\uff1a<\/b><\/strong>Fireweed Metals<\/b><\/strong>\u7684\u9ad8\u54c1\u4f4d\u767c\u73fe<\/b><\/strong><\/h2>\n

\u5e02\u503c5.799\u5104\u52a0\u5143\u7684Fireweed Metals\uff08TSXV:FWZ<\/a>\uff09\u00a0\u57282025\u5e74\u53d6\u5f97\u4e86\u4ee4\u4eba\u77da\u76ee\u7684\u52d8\u63a2\u7a81\u7834\u3002\u9019\u5bb6\u95dc\u9375\u91d1\u5c6c\u516c\u53f8\u64c1\u6709\u80b2\u7a7a\u5730\u5340\u7684Macmillan Pass\u92c5\u9805\u76ee\u3001\u897f\u5317\u5730\u5340\u7684Gayna River\u92c5\u9805\u76ee\u53ca\u6bd7\u9130\u7684Mactung\u93a2\u9805\u76ee\u3002<\/p>\n

2025\u5e749\u6708\uff0c\u516c\u53f8\u5728Macmillan Pass\u9805\u76ee\u7684Tom South\u9776\u5340\u7372\u5f97\u4e86\u53f2\u4e0a\u6700\u4f73\u5316\u9a57\u7d50\u679c\u4e4b\u4e00\uff1a\u4e00\u500b115\u7c73\u63a2\u908a\u947d\u5b54\u4e2d\u898b\u792654.82\u7c73\uff0c\u92c5\u54c1\u4f4d\u9ad8\u905418.2%\uff0c\u5176\u4e2d\u5305\u542b7.1\u7c73\u54c1\u4f4d\u905432.82%\u7684\u7279\u5bcc\u7926\u6bb5\u3002\u540c\u5e7412\u6708\uff0cGayna River\u9805\u76ee\u7684\u9996\u6b21\u947d\u63a2\u540c\u6a23\u53d6\u5f97\u6210\u529f\uff0c\u898b\u792651.22\u7c73\uff0c\u92c5\u54c1\u4f4d4.4%\uff0c\u5176\u4e2d24\u7c73\u92c5\u54c1\u4f4d\u90547.3%\u3002\u516c\u53f8\u7e3d\u88c1\u517c\u9996\u5e2d\u57f7\u884c\u5b98\u4f0a\u6069\u00b7\u5409\u5e03\u65af\u8868\u793a\uff1a\u201cGayna River\u7684\u9996\u500b\u947d\u63a2\u5b63\u7bc0\u6210\u529f\u5728Intrepid\u9776\u5340\u7372\u5f97\u4e86\u986f\u8457\u7684\u92c5\u925b\u7926\u5316\uff0c\u9a57\u8b49\u4e86\u9805\u76ee\u7684\u52d8\u63a2\u524d\u666f\u3002\u201d<\/p>\n

\u6b50\u6d32\u5e03\u5c40\u8005\uff1a<\/b><\/strong>Emerita Resources<\/b><\/strong>\u7684\u6230\u7565\u63a8\u9032<\/b><\/strong><\/h2>\n

\u5e02\u503c1.6789\u5104\u52a0\u5143\u7684Emerita Resources\uff08TSXV:EMO<\/a>\uff09\u00a0\u5c07\u76ee\u5149\u6295\u5411\u6b50\u6d32\uff0c\u5728\u897f\u73ed\u7259\u4f0a\u6bd4\u5229\u4e9e\u9ec3\u9435\u7926\u5e36\u64c1\u6709\u8d85\u904e2.6\u842c\u516c\u9803\u7684\u9ad8\u54c1\u4f4d\u3001\u5927\u898f\u6a21\u591a\u91d1\u5c6c\u9805\u76ee\u7d44\u5408\u3002\u516c\u53f8\u65d7\u8266\u8cc7\u7522Iberian Belt West\u9805\u76ee\u5305\u542bLa Infanta\u3001La Romanera\u548cEl Cura\u4e09\u500b\u584a\u72c0\u786b\u5316\u7269\u7926\u5e8a\u30022025\u5e743\u6708\u66f4\u65b0\u7684\u8cc7\u6e90\u4f30\u7b97\u986f\u793a\uff0c\u6307\u793a\u8cc7\u6e90\u7e3d\u91cf\u4e2d\u92c5\u91d1\u5c6c\u91cf\u905454.7\u842c\u516c\u5678\uff0c\u5e73\u5747\u54c1\u4f4d2.88%\uff1b\u63a8\u65b7\u8cc7\u6e90\u91cf22.1\u842c\u516c\u5678\uff0c\u54c1\u4f4d3.25%\u3002<\/p>\n

2024\u5e747\u6708\uff0c\u897f\u73ed\u7259\u5b89\u9054\u76e7\u897f\u4e9e\u653f\u5e9c\u6388\u4e88\u8a72\u9805\u76ee\u6230\u7565\u5229\u76ca\u8072\u660e\uff0c\u5c07\u986f\u8457\u7c21\u5316\u9805\u76ee\u958b\u767c\u5be9\u6279\u6d41\u7a0b\u3002\u540c\u5e74\u672b\u7684\u7b2c\u4e8c\u968e\u6bb5\u51b6\u91d1\u6e2c\u8a66\u7d50\u679c\u8868\u660e\uff0c\u53ef\u5f9e\u7926\u5e8a\u4e2d\u7372\u5f97\u5546\u696d\u54c1\u7d1a\u7684\u9285\u3001\u925b\u548c\u92c5\u7cbe\u7926\u30022025\u5e7410\u6708\uff0c\u8a72\u516c\u53f8\u5ba3\u5e03\u5c07El Cura\u7926\u5e8a\u5ef6\u4f3890\u7c73\uff0c\u4e26\u767c\u73fe\u4e864.1\u7c73\u3001\u92c5\u54c1\u4f4d\u9ad8\u90548.5%\u7684\u7926\u6bb5\u3002<\/p>\n

2025\u5e74\uff0c\u9019\u4e94\u5bb6\u4f01\u696d\u4ee3\u8868\u4e86\u52a0\u62ff\u5927\u92c5\u7926\u7522\u696d\u7684\u4e0d\u540c\u767c\u5c55\u8def\u5f91\u3002\u76e1\u7ba1\u92c5\u5e02\u5834\u77ed\u671f\u9762\u81e8\u9700\u6c42\u7aef\u7684\u6311\u6230\uff0c\u4f46\u9019\u4e9b\u4f01\u696d\u901a\u904e\u8cc7\u6e90\u63a7\u5236\u3001\u6280\u8853\u9032\u6b65\u3001\u6230\u7565\u4e26\u8cfc\u548c\u653f\u7b56\u9069\u61c9\uff0c\u6b63\u5728\u69cb\u5efa\u62b5\u79a6\u884c\u696d\u5468\u671f\u7684\u97cc\u6027\u3002\u96a8\u8457\u5168\u7403\u80fd\u6e90\u8f49\u578b\u5c0d\u95dc\u9375\u91d1\u5c6c\u9700\u6c42\u7684\u9577\u671f\u589e\u9577\uff0c\u52a0\u62ff\u5927\u92c5\u7926\u4f01\u696d\u6191\u501f\u5176\u8cc7\u6e90\u7a1f\u8ce6\u548c\u6280\u8853\u7a4d\u7d2f\uff0c\u6709\u671b\u5728\u672a\u4f86\u7684\u91d1\u5c6c\u4f9b\u61c9\u93c8\u4e2d\u626e\u6f14\u66f4\u52a0\u91cd\u8981\u7684\u89d2\u8272\u3002<\/p>\n

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