Movement Alert｜CHIFENG GOLD Rises 8.35% in Regular Trading, Gold Breaks $4300 and SND Project Resource Estimate Surges 143%

On August 6, CHIFENG GOLD rose 8.35% in regular trading, reaching 38.14 HKD per share, with turnover of approximately 95.49 million HKD. The rally was driven by spot gold breaking through the $4300 level amid weaker-than-expected U.S. ADP employment data and easing geopolitical tensions, combined with a major company-specific catalyst.

On the macro front, the U.S. small non-farm payroll data came in significantly below expectations, while optimistic U.S.-Iran negotiation prospects weighed on oil prices, weakening the dollar and U.S. Treasuries. These factors collectively supported the precious metals market, lifting the broader gold sector with LINGBAO GOLD up 7.7%, SD GOLD up 5.16%, and ZIJIN GOLD INTL up 4.57%.

At the company level, CHIFENG GOLD recently announced an updated resource estimate for its Laos SND gold-copper project. Total controlled and inferred resources reached 260 tonnes of gold equivalent, representing a 143% increase from the initial estimate. Mineralization remains open to the southwest and at depth, indicating further growth potential. Additionally, the company expects H1 net profit of 1.70 to 1.78 billion yuan, up 54% to 61% year-over-year, benefiting from a roughly 43% rise in average gold selling prices.

(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.)