WANGUO GOLD GP (03939) rose more than 7% during the morning session, with its stock price accumulating gains of over 80% so far this month. As of the time of writing, the stock was up 7.15%, trading at HK$13.79, with a turnover of HK$549 million.

On January 28, spot gold broke above $5,200 for the first time. Morgan Stanley released a research report stating that the National Bank of Poland is shifting to targeting gold reserves by absolute tonnage rather than as a percentage of total reserves, indicating reduced price sensitivity. The firm believes the gold rally is not yet over, emphasizing a bull scenario target of $5,700 per ounce for the second half of 2026.

Industrial Securities previously issued a research report noting that WANGUO GOLD GP possesses superior growth potential and profitability. The company's primary growth driver comes from the Jinling Mining operation, where the Solomon Gold Mine processing plant has initiated a new 10 million-ton-per-year construction plan. With Zijin's support for the project's construction, the mining and processing scale is expected to increase from the current 3.5 million tons per year to 13.5 million tons per year upon completion, which is projected for 2028. Annual gold production is estimated to potentially reach 15 tons, positioning it to become a world-class gold mine.