On August 17, CHIFENG GOLD rose 3.14% in regular trading, trading at 37.9 HKD/share, with turnover of 18.15 million HKD. The gold sector saw broad-based strength, with ZIJIN GOLD INTL up 4.39%, CHINAGOLDINTL up 3.73%, LINGBAO GOLD up 3.45%, ZHAOJIN MINING up 3.26%, and SD GOLD up 2.80%.

On the fundamental side, the company previously announced an updated resource estimate for its Laos Sepon Gold-Copper Mine SND project, with total resources of approximately 360 million tons and gold equivalent metal content of 260 tons, representing a 143% increase from the initial estimate. The company has also secured a USD 220 million open-pit mining services contract. Additionally, the company guided H1 non-GAAP net profit of RMB 1.71-1.79 billion, a year-over-year increase of 54%-61%, with interim results scheduled for board review on August 28.

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