{"id":627109,"date":"2026-03-23T19:53:05","date_gmt":"2026-03-24T02:53:05","guid":{"rendered":"https:\/\/nai500.com\/?p=627109"},"modified":"2026-03-23T19:53:05","modified_gmt":"2026-03-24T02:53:05","slug":"%e9%87%91%e5%83%b9%e5%a4%a7%e8%b7%8c%e6%98%af%e9%bb%83%e9%87%91%e5%9d%91%ef%bc%9f%e9%80%99%e5%85%a9%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e7%a4%a6%e6%a5%ad%e8%82%a1%e7%94%a8%e8%b2%a1","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/03\/%e9%87%91%e5%83%b9%e5%a4%a7%e8%b7%8c%e6%98%af%e9%bb%83%e9%87%91%e5%9d%91%ef%bc%9f%e9%80%99%e5%85%a9%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e7%a4%a6%e6%a5%ad%e8%82%a1%e7%94%a8%e8%b2%a1\/","title":{"rendered":"\u91d1\u50f9\u5927\u8dcc\u662f\u201c\u9ec3\u91d1\u5751\u201d\uff1f\u9019\u5169\u96bb\u52a0\u62ff\u5927\u7926\u696d\u80a1\u7528\u8ca1\u5831\u8b49\u660e\u81ea\u5df1\u7684\u50f9\u503c"},"content":{"rendered":"

\u904e\u53bb\u4e00\u5468\uff0c\u9ec3\u91d1\u5e02\u5834\u906d\u9047\u4e86\u4e00\u5834\u201c\u5927\u5730\u9707\u201d\u3002\u53d7\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\u5c40\u52e2\u5f71\u97ff\uff0c\u6cb9\u50f9\u98c6\u5347\u7a81\u7834\u6bcf\u6876110\u7f8e\u5143\uff0c\u52a0\u5287\u4e86\u5e02\u5834\u5c0d\u901a\u8139\u548c\u5168\u7403\u592e\u884c\u63a8\u9072\u964d\u606f\u7684\u64d4\u6182\u3002\u4f5c\u70ba\u201c\u96f6\u606f\u8cc7\u7522\u201d\u7684\u9ec3\u91d1\uff0c\u5728\u5229\u7387\u9810\u671f\u9006\u8f49\u7684\u885d\u64ca\u4e0b\u906d\u9047\u4e86\u5287\u70c8\u62cb\u552e\u3002\u6578\u64da\u986f\u793a\uff0c\u9ec3\u91d1\u671f\u8ca8\u50f9\u683c\u55ae\u5468\u8dcc\u5e45\u903c\u8fd110%\uff0c\u5275\u4e0b\u8fd115\u5e74\u4f86\u7684\u6700\u5dee\u8868\u73fe\u3002<\/p>\n

\u4e00\u6642\u9593\uff0c\u5e02\u5834\u6050\u614c\u60c5\u7dd2\u5f4c\u6f2b\uff0c\u8207\u9ec3\u91d1\u50f9\u683c\u9ad8\u5ea6\u76f8\u95dc\u7684\u7926\u696d\u80a1\u4e5f\u672a\u80fd\u5016\u514d\u3002\u7136\u800c\uff0c\u5728\u6ce5\u6c99\u4ff1\u4e0b\u7684\u884c\u60c5\u4e2d\uff0c\u7406\u6027\u7684\u6295\u8cc7\u8005\u6216\u8a31\u66f4\u61c9\u95dc\u6ce8\u6ce5\u6c99\u4e4b\u4e0b\u7684\u201c\u771f\u91d1\u201d\u3002\u52a0\u62ff\u5927\u5169\u5927\u7926\u696d\u5de8\u982d\u2014\u2014Kinross Gold\u00a0(TSX:K) <\/a>\u548c\u5df4\u88e1\u514b\u7926\u696d (TSX:ABX) <\/a>\u2014\u2014\u5728\u80a1\u50f9\u96a8\u91d1\u50f9\u56de\u8abf\u7d0430%\u7684\u540c\u6642\uff0c\u525b\u525b\u4ea4\u51fa\u4e86\u8db3\u4ee5\u8b93\u5e02\u5834\u91cd\u65b0\u5be9\u8996\u5176\u50f9\u503c\u7684\u6b77\u53f2\u6027\u8ca1\u5831\u3002<\/p>\n

Kinross Gold\uff1a\u73fe\u91d1\u70ba\u738b\uff0c\u56de\u5831\u660e\u78ba<\/h2>\n

2025\u5e74\uff0cKinross Gold\u00a0\u4ea4\u51fa\u4e86\u4e00\u4efd\u8207\u80a1\u50f9\u8868\u73fe\u622a\u7136\u76f8\u53cd\u7684\u6210\u7e3e\u55ae\uff1a\u5275\u7d00\u9304\u768425\u5104\u7f8e\u5143\u81ea\u7531\u73fe\u91d1\u6d41\uff0c36\u5104\u7f8e\u5143\u904b\u71df\u73fe\u91d1\u6d41\uff0c\u5229\u6f64\u7387\u5728\u9ec3\u91d1\u50f9\u683c\u4e0a\u6f3243%\u7684\u57fa\u790e\u4e0a\u64f4\u5f35\u4e8666%\u3002\u5373\u4fbf\u91d1\u50f9\u77ed\u671f\u627f\u58d3\uff0c\u516c\u53f8\u6191\u85c9\u512a\u79c0\u7684\u6210\u672c\u63a7\u5236\uff0c\u4f9d\u7136\u4fdd\u6301\u6975\u5f37\u7684\u76c8\u5229\u80fd\u529b\u3002\u8ca1\u52d9\u65b9\u9762\uff0cKinross Gold\u00a0\u6301\u670917\u5104\u7f8e\u5143\u73fe\u91d1\uff0c\u6de8\u73fe\u91d1\u982d\u5bf8\u7d0410\u5104\u7f8e\u5143\uff0c\u4e0b\u4e00\u7b46\u5927\u984d\u50b5\u52d9\uff085\u5104\u7f8e\u5143\uff09\u8981\u52302033\u5e74\u624d\u5230\u671f\u3002\u7a46\u8fea\u57282025\u5e7412\u6708\u5c07\u8a72\u80a1\u4fe1\u7528\u8a55\u7d1a\u4e0a\u8abf\u81f3Baa2\u3002<\/p>\n

\u7ba1\u7406\u5c64\u660e\u78ba\u8868\u793a\uff0c2026\u5e74\u5c07\u628a40%\u7684\u81ea\u7531\u73fe\u91d1\u6d41\u901a\u904e\u5206\u7d05\u548c\u56de\u8cfc\u56de\u994b\u80a1\u6771\u3002\u6b64\u524d\uff0c\u516c\u53f8\u5df2\u9023\u7e8c\u5169\u6b21\u4e0a\u8abf\u80a1\u606f\uff0c\u7d2f\u8a08\u6f32\u5e45\u905433%\u3002\u5728\u80a1\u50f9\u56de\u8abf30%\u7684\u80cc\u666f\u4e0b\uff0c\u9019\u4e00\u56de\u5831\u627f\u8afe\u70ba\u9577\u671f\u6301\u6709\u8005\u63d0\u4f9b\u4e86\u660e\u78ba\u7684\u5b89\u5168\u588a\u3002\u589e\u9577\u65b9\u9762\uff0c\u7f8e\u570b\u5167\u83ef\u9054\u5dde\u4e09\u500b\u9ad8\u56de\u5831\u9805\u76ee\uff08Phase X\u3001Curlew\u3001Redbird 2\uff09\u9810\u8a082028\u5e74\u6295\u7522\uff0c\u5e73\u5747\u5167\u90e8\u6536\u76ca\u7387\uff08IRR\uff09\u9ad8\u905459%\u3002\u5b89\u5927\u7565\u7701Great Bear\u9805\u76ee\u7a69\u6b65\u63a8\u9032\uff0c\u8a08\u52832029\u5e74\u5e95\u7522\u51fa\u7b2c\u4e00\u6279\u9ec3\u91d1\u3002<\/p>\n

\u5df4\u88e1\u514b\u7926\u696d\uff1a\u73fe\u91d1\u5145\u88d5\uff0c\u919e\u91c0\u50f9\u503c\u91cd\u4f30<\/h2>\n

\u5df4\u88e1\u514b\u7926\u696d2025\u5e74\u5be6\u73fe\u81ea\u7531\u73fe\u91d1\u6d4139\u5104\u7f8e\u5143\uff0c\u540c\u6bd4\u6fc0\u589e194%\u3002\u7b2c\u56db\u5b63\u5ea6\uff0c\u516c\u53f8\u4e0d\u50c5\u5c07\u5e38\u898f\u80a1\u606f\u63d0\u9ad840%\uff0c\u9084\u6d3e\u767c\u6bcf\u80a10.42\u7f8e\u5143\u7684\u7279\u5225\u80a1\u606f\uff0c\u74b0\u6bd4\u589e\u5e45\u9054140%\u3002\u904e\u53bb\u4e00\u5e74\uff0c\u516c\u53f8\u65a5\u8cc715\u5104\u7f8e\u5143\u56de\u8cfc\u80a1\u7968\uff0c\u5c07\u7e3d\u80a1\u672c\u7e2e\u6e1b3%\u3002\u8cc7\u7522\u8ca0\u50b5\u8868\u65b9\u9762\uff0c\u5df4\u88e1\u514b2025\u5e74\u5e95\u6de8\u73fe\u91d1\u982d\u5bf8\u70ba20\u5104\u7f8e\u5143\u30022026\u5e74\uff0c\u516c\u53f8\u9810\u8a08\u9ec3\u91d1\u7522\u91cf\u5728290\u842c\u81f3325\u842c\u76ce\u53f8\u4e4b\u9593\uff0c\u99ac\u88e1\u7684Loulo-Gounkoto\u7926\u5834\u5df2\u6062\u5fa9\u904b\u71df\uff0c\u5c07\u6210\u70ba\u4eca\u5e74\u7522\u91cf\u7684\u4e3b\u8981\u9a45\u52d5\u529b\u3002<\/p>\n

\u771f\u6b63\u53ef\u80fd\u5f15\u7206\u50f9\u503c\u91cd\u4f30\u7684\u662f\u5df4\u88e1\u514b\u7c4c\u5283\u7684\u4e00\u9805\u6230\u7565\u8209\u63aa\uff1a\u8a08\u5283\u5c07\u5317\u7f8e\u9ec3\u91d1\u8cc7\u7522\uff08\u5167\u83ef\u9054\u91d1\u7926\u548cFourmile\u9805\u76ee\uff09\u9032\u884c\u90e8\u5206IPO\u3002\u4ea4\u6613\u9810\u8a082026\u5e74\u5e95\u524d\u5b8c\u6210\uff0c\u5df4\u88e1\u514b\u4fdd\u7559\u63a7\u80a1\u6b0a\u3002\u516c\u53f8\u9996\u5e2d\u57f7\u884c\u5b98Mark Hill\u76f4\u8a00\uff0c\u6b64\u8209\u65e8\u5728\u89e3\u9396\u7576\u524d\u80a1\u50f9\u4e2d\u88ab\u56b4\u91cd\u4f4e\u4f30\u7684\u8cc7\u7522\u50f9\u503c\u3002\u82e5\u5206\u62c6\u6210\u529f\uff0c\u9019\u90e8\u5206\u9ad8\u5229\u6f64\u3001\u4f4e\u98a8\u96aa\u7684\u8cc7\u7522\u5c07\u7372\u5f97\u7368\u7acb\u5b9a\u50f9\uff0c\u6709\u671b\u6210\u70ba\u80a1\u50f9\u5411\u4e0a\u4fee\u6b63\u7684\u76f4\u63a5\u50ac\u5316\u5291\u3002<\/p>\n

\u7d50\u8ad6\uff1a\u6050\u614c\u4e2d\u7684\u201c\u9ec3\u91d1\u5751\u201d<\/h2>\n

\u9ec3\u91d1\u66b4\u8dcc\u662f\u5e02\u5834\u95dc\u6ce8\u7684\u7126\u9ede\uff0c\u4f46\u6b77\u53f2\u53cd\u5fa9\u8b49\u660e\uff0c\u512a\u8cea\u8cc7\u7522\u7684\u77ed\u66ab\u56de\u8abf\u5f80\u5f80\u662f\u9577\u671f\u4f48\u5c40\u7684\u826f\u6a5f\u3002<\/p>\n

Kinross Gold\u00a0\u8207\u5df4\u88e1\u514b\u7926\u696d\uff0c\u5728\u904e\u53bb\u4e00\u5e74\u4e2d\u5747\u5c55\u73fe\u4e86\u5f37\u5927\u7684\u73fe\u91d1\u6d41\u5275\u9020\u80fd\u529b\u3001\u7a69\u5065\u7684\u8ca1\u52d9\u7d00\u5f8b\u548c\u6e05\u6670\u7684\u589e\u9577\u8def\u5f91\u3002\u7576\u524d\uff0c\u5169\u5bb6\u516c\u53f8\u80a1\u50f9\u8f03\u6b77\u53f2\u9ad8\u9ede\u56de\u64a4\u7d0430%\uff0c\u800c\u57fa\u672c\u9762\u5f9e\u672a\u5982\u6b64\u5f37\u52c1\u3002\u7576\u5e02\u5834\u6050\u614c\u8207\u516c\u53f8\u50f9\u503c\u5f62\u6210\u9bae\u660e\u53cd\u5dee\u6642\uff0c\u9019\u500b\u201c\u9ec3\u91d1\u5751\u201d\u7684\u6210\u8272\u6216\u8a31\u6bd4\u91d1\u50f9\u672c\u8eab\u66f4\u503c\u5f97\u6295\u8cc7\u8005\u6df1\u5165\u8003\u91cf\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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