Shares of WANGUO GOLD GP (ASX: 03939) surged more than 17% in early trading. At the time of writing, the stock was up 14.86% to HK$9.52, with a trading turnover of HK$679 million.
The upward movement follows the release of the US June non-farm payrolls data, which led to a rise in international gold prices alongside a decline in both the US dollar and US Treasury yields. In a recent report, the World Gold Council indicated that gold prices may remain range-bound under the current consensus scenario. However, the metal retains clear upside potential should risks intensify or policy expectations shift.
Industry experts suggest the market has already begun actively pricing in expectations for a shift in monetary policy, providing a dual boost to gold's financial and safe-haven attributes.
Analysts from Guoyuan International previously highlighted that WANGUO GOLD GP has entered into a cooperation agreement with Zijin Engineering. Furthermore, Mr. Chen Jinghe, founder of Zijin Mining Group, formally assumed the roles of Chief Advisor and Chairman of the Strategic Development Committee in February 2026, providing in-depth guidance on technology and M&A strategy.
Empowered by this association with Zijin Mining, the company plans to expand the processing capacity of its Jinling Mine to over 3.8 million tonnes by the end of 2026, with an expected increase to 10 million tonnes by 2027. The brokerage firm believes the company warrants long-term attention and recommends closely monitoring its progress on capacity release and cost-reduction initiatives through 2026.
Comments