ZHONGJIN GOLD Q1 REVENUE RISES 52.01% Y/Y TO 22.588 BILLION YUAN, NET PROFIT SURGES 129.23% Y/Y TO 2.381 BILLION YUAN

China’s CMOC Group Ltd. has signed a $1.7 billion agreement with Ecuador to develop the Los Cangrejos gold mine in El Oro province, according to the country’s environment and mining ministry. The project will be developed through CMOC’s local unit ODIN Mining del Ecuador SA and remains in the design phase, with the agreement aimed at accelerating implementation. CMOC acquired the asset via its takeover of Lumina Gold last year. Its Hong Kong-listed shares fell as much as 4.1% after the announcement.

Iran is expected to submit a revised proposal to end the war in the coming days, according to sources familiar with mediation efforts. The move follows U.S. President Donald Trump’s rejection of an earlier plan that proposed ending hostilities before addressing Iran’s nuclear program. Iranian Foreign Minister Abbas Araghchi is returning to Tehran for consultations with leadership, a process complicated by limited access to Supreme Leader Mojtaba Khamenei. Trump said Iran described itself as in a “State of Collapse” and wants the Strait of Hormuz reopened.