On July 22, Lingbao Gold rose 5.4% in regular trading, reaching HKD 17.81 per share, with turnover of approximately HKD 24.57 million. The rally was driven by international gold prices stabilizing above the key $4,000 psychological level and continued positive sentiment from the company's recent profit alert.
On the commodity front, New York gold futures traded at $4,012 while spot gold held at $4,014, lifting the broader gold mining sector. The sector saw broad-based strength, with Chifeng Gold up 5.55%, Zijin Mining up 5.01%, Zijin Gold International up 4.62%, SD Gold up 3.17%, and Zhaojin Mining up 3.14%.
On the company level, Lingbao Gold previously issued a positive profit alert forecasting first-half net profit of RMB 950 million to RMB 1.05 billion, representing year-over-year growth of approximately 42% to 57%, primarily attributable to higher gold prices and effective cost-reduction measures. Additionally, the company completed the subscription for a 50%+1 share equity interest in St Barbara Mining, whose core asset is the producing Simberi gold mine in Papua New Guinea, further expanding its overseas resource portfolio.
(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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