Movement Alert|LINGBAO GOLD Rises 5.06% in Regular Trading, Gold Price Stabilizes Combined with Major Resource Reserve Breakthrough

Market Focus08-14

On August 14, LINGBAO GOLD rose 5.06% in regular trading, trading at 21.58 HKD/share, with turnover of 304 million HKD.

On the news front, spot gold stabilized after previously retreating below the $4,400 level, triggering a broad rebound across the gold sector. Among sector peers, China Gold International surged 12.82%, Chifeng Gold rose 3.22%, and Zhaojin Mining gained 1.87%.

Additionally, the company recently announced a major breakthrough in exploration at its Xinjiang Habahe Huatai subsidiary, with total gold metal resources jumping from 13.20 tonnes to 53.94 tonnes — an increase of over three-fold. The resource estimate was compiled by SRK Consulting in accordance with the JORC Code. Industrial Securities maintains an Overweight rating on the company, forecasting earnings of RMB 1.58, 1.86, and 2.82 per share for the next three fiscal years, noting that the company has entered an accelerated earnings release phase with valuation below sector peers.

(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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