Movement Alert|CHINAGOLDINTL Rises 3.33% in Regular Trading, Gold Price Rally Coupled with Strong Earnings and Mine Expansion Plans

Market Focus
1 hour ago

On August 26, CHINAGOLDINTL rose 3.33% in regular trading, trading at 260.6 HKD/share, with turnover of approximately 88.61 million HKD. The stock was buoyed by continued strength in international gold prices, robust first-half earnings, and favorable mine development progress.

On the commodity front, spot gold has broken through $4,540/ounce, while domestic gold prices have surpassed the 1,000 yuan/gram threshold, lifting the broader gold sector. On the company level, CHINAGOLDINTL reported H1 net profit of approximately $507 million, surging 153.31% year-over-year, with revenue reaching $914 million, up 57.5%. Second-quarter revenue stood at $461 million, a 50% increase, while mine operating profit rose 124% to $620 million for the half-year period.

Additionally, the slope remediation plan for its Chang Shan Hao Gold Mine has been approved, with normal mining operations expected to resume by end of September. The company also greenlit the next-phase development of Jiama mine, targeting daily processing capacity of approximately 160,000 tonnes, providing significant long-term growth potential.

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