CHINFMINING (01258) saw a surge of nearly 5% in late trading. At the time of writing, the stock was up 4.83%, trading at HK$15.63, with a turnover of HK$308 million.

The company announced that the repair work on the main and auxiliary shafts of the Chambishi Southeast Orebody was completed in December 2025, with the results meeting expectations, and the mine officially resumed production on January 1, 2026.

For 2026, the company forecasts a comprehensive copper production of approximately 484,000 tonnes, comprising about 134,000 tonnes of cathode copper and roughly 350,000 tonnes of blister/anode copper.

Notably, CHINFMINING announced last month its intention to further acquire a 55% stake in SM Minerals Co., corresponding to 64,700 shares, for a transaction consideration of $89 million.

Upon completion of this acquisition, the company will hold an aggregate 70% stake in SM Minerals.

SM Minerals is a company incorporated in Kazakhstan, primarily engaged in the mining and beneficiation of copper, with the Benkara North mining area holding approximately 1.5 million tonnes of copper resources.