WANGUO GOLD GP (03939) surged more than 5% during the morning session. As of the time of writing, the stock was up 3.94%, trading at HKD 8.18, with a turnover of HKD 82.8907 million. On the news front, on the morning of January 5th, the COMEX gold futures price climbed to $4,400. Wang Yanqing, a macro and precious metals analyst at China Securities Futures, suggested that the incident of US troops forcibly taking control of and deporting Venezuelan President Nicolás Maduro and his spouse has caused international shockwaves, which may further weaken the credibility and international image of the US dollar, potentially providing some support for precious metal prices. Notably, on December 17, 2025, the first large-volume concrete pouring for the ball mill foundation of the new 10 million t/a processing plant at the Solomon Islands Gold Ridge Mine was successfully completed. Currently, the proven ore resources at the Gold Ridge Mine have reached 72 million tonnes. Upon completion and operation of the project, the mine's ore processing capacity will increase by 13.5 million t/a, elevating the total mining and processing scale to 13.5 million t/a. This expansion will add approximately 11 tonnes of gold production per year, with the long-term annual gold output expected to exceed 15 tonnes, gradually positioning the mine among the world's top-tier gold producers.
Comments