Movement Alert|CHIFENG GOLD Rises 3.13% in Regular Trading, Laos SND Gold-Copper Mine Resources Upgraded 143% to 260 Tonnes Gold Equivalent

Market Focus07-31

On July 31, CHIFENG GOLD rose 3.13% in regular trading, trading at 34.46 HKD/share, with turnover of HKD 104 million.

On the news front, the company announced on July 30 that its SND porphyry gold-copper mine project in Laos completed the latest mineral resource estimation under JORC standards. The updated controlled and inferred resources total 260 tonnes of gold equivalent, representing a 143% increase from the initial resource disclosure in August 2025. Total ore resources stand at 360 million tonnes, with average gold grade of 0.47 g/t and copper grade of 0.22%, corresponding to 170 tonnes of gold metal and 810,000 tonnes of copper metal. The announcement noted that mineralization remains open to the southwest and at depth, indicating significant further growth potential, confirming the project as one of the most important gold-copper discoveries in Southeast Asia in recent years.

Within the Gold sector, LINGBAO GOLD up 5.37%, ZIJIN MINING up 3.14%, SD GOLD up 2.67%, CHINAGOLDINTL up 2.17%, ZIJIN GOLD INTL up 1.61%.

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