Movement Alert|CHINAGOLDINTL Rises 3.67% in Regular Trading, Gold Price Stabilizes as Strong H1 Earnings Support Rebound

Market Focus
Sep 01

On September 1, CHINAGOLDINTL rose 3.67% in regular trading, trading at 266.8 HKD/share, with turnover of approximately HKD 150 million. The stock rebounded after plunging over 8% in the prior session when spot gold tumbled more than 3% following Fed Chair Waller's hawkish remarks at the Jackson Hole symposium.

Gold prices have since stabilized near USD 4,400/oz, triggering a broad recovery across the gold sector. Fundamentally, CHINAGOLDINTL reported record H1 results on August 14, with revenue of USD 914 million, up 58% year-over-year, and net profit attributable to shareholders of approximately USD 507 million, surging 153%. Copper realized prices rose 73% to USD 4.66/lb. Operationally, the Chang Shan Hao gold mine slope remediation plan has been approved, with normal mining expected to resume by end of September. Additionally, management approved the next-phase development plan for the Jiama copper-gold polymetallic mine, targeting daily processing capacity of approximately 160,000 tonnes, underscoring significant long-term growth potential.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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