Movement Alert|LINGBAO GOLD Rises 5.01% in Regular Trading, Gold Price Breaks $4100 Combined with Profit Alert

Market Focus07-23

On July 23, LINGBAO GOLD rose 5.01% in regular trading, trading at HKD 20.14/share, with turnover of HKD 367 million.

On the news front, spot gold recently broke through the $4090, $4100, $4110, and $4120 levels consecutively, providing strong price support for gold equities. Analysts noted that bargain-hunting buying drove a phased gold price rebound, while sustained central bank gold purchases continued to underpin prices. China's central bank has increased gold reserves for 20 consecutive months, reaching 75.44 million ounces as of the end of June.

At the company level, LINGBAO GOLD previously issued a positive profit alert, forecasting H1 net profit of approximately RMB 950 million to RMB 1.05 billion, representing year-over-year growth of 42% to 57%, primarily driven by higher gold prices and cost reduction measures. The company also completed the subscription for a 50%+1 share equity interest in St Barbara Mining's 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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