WANGUO GOLD GP Surges Over 10% Before Noon with Significantly Amplified Trading Volume

Deep News01-06

WANGUO GOLD GP (03939) saw its intraday gain exceed 10%, with trading volume notably expanding over the past two sessions. As of the time of writing, the stock price had risen by 9.75% to HKD 8.89, with a turnover of HKD 193 million.

UBS recently raised its gold price forecast for the first three quarters of 2026 to $5,000 per ounce in a report, suggesting it could climb to $5,400 per ounce if political or economic turmoil intensifies.

A previous research report from Industrial Securities pointed out that WANGUO GOLD GP holds advantages in both growth potential and profitability. The company's primary growth driver is the Jinling Mining project; the Solomon Gold Mine concentrator has initiated a new construction plan for 10 million tonnes per year, with Zijin providing support for the engineering construction. Upon completion, the mining and processing scale is expected to increase from the current 3.5 million tonnes per year to 13.5 million tonnes per year. The project is scheduled for completion and commissioning in 2028, with estimated annual gold production potentially reaching 15 tonnes, positioning it to become a world-class gold mine.

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