Lingbao Gold's stock surged 5.18% during intraday trading on Friday, continuing a positive trend for the gold mining company.

The stock's significant gain is attributed to a sharp rise in the underlying commodity price, with spot gold recently surging past $4,660 per ounce, gaining over 2% intraday. This price movement in the precious metal has triggered a broad-based rally across the Hong Kong-listed gold mining sector.

The precious metals sector has seen sustained buying momentum, with Lingbao Gold having posted gains in prior sessions. The rally reflects strong investor appetite for gold equities amid the commodity price breakout, with several peers in the sector also posting significant gains.