On July 21, Lingbao Gold rose 5.66% in regular trading, trading at HKD 16.26 per share, with turnover of HKD 216 million. The rally was driven by international gold prices stabilizing at the key $4,000 psychological level and a positive profit alert from the company.
On the macro front, spot gold traded at $4,014 per ounce while COMEX gold futures stood at $4,012, with the precious metal successfully holding the critical support level after a period of deep correction. The gold mining sector rallied broadly, with China Gold International up 9.26%, Zhaojin Mining up 8.65%, and Zijin Gold International up 8.73%.
On the company level, Lingbao Gold previously issued a profit alert forecasting H1 net profit of RMB 950 million to RMB 1.05 billion, representing a 42% to 57% year-over-year increase from RMB 670 million. The growth was attributed to higher gold prices and cost-reduction initiatives, alongside the completed acquisition of a 50%+1 share equity interest in St Barbara Mining's Simberi gold mine in Papua New Guinea.
(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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