CHINFMINING (HKEX: 01258) shares opened significantly higher, gaining nearly 3%. At the time of writing, the stock was up 2.86% to HK$13.3, with a turnover of HK$39.9 thousand.

The catalyst for the move was a company announcement regarding its interim results. CHINFMINING expects its profit attributable to owners for the six months ending June 30, 2026, to reach approximately $420 million. This figure represents an increase of roughly 60% compared to the corresponding period ending June 30, 2025.

According to the board, the primary driver behind the anticipated substantial profit growth is the positive impact of rising international copper prices alongside an increase in sulfuric acid prices.