On the morning of the trading session, shares of Chifeng Gold (06693) climbed more than 5%, reaching HK$28.14 as of press time, up 5.4%, with turnover of HK$22.229 million.
On the news front, Chifeng Gold recently released its results for the first three quarters of 2026. The group recorded operating revenue of RMB 10.087 billion, up 16.69% year-on-year, while net profit attributable to shareholders of the listed company reached RMB 2.285 billion, up 11.05% year-on-year.
Huatai Securities believes that the revenue growth in the first three quarters was mainly driven by a 33.56% year-on-year increase in the average gold selling price to RMB 974.44 per gram. The lower profit growth compared with revenue was mainly due to a 38.71% year-on-year rise in the all-in sustaining cost per unit of self-produced gold and a 4.32 percentage point year-on-year increase in the income tax rate to 34.16%.
Ping An Securities noted that on October 22, 2026, the company completed a change of control, with Zijin Gold (02259) becoming its controlling shareholder. The company is expected to draw on Zijin Mining's global mine operation experience and leverage its technical advantages in geological exploration and deep-seated prospecting to systematically advance exploration work at its mines, further increase resources and reserves, expand the space for exploration and reserve growth, push projects to raise output and production, and realize the conversion of resource advantages into production capacity advantages.
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