Taung Gold International (621) Announces Interim Results for the Six Months Ended 30 September 2025

Bulletin Express
11/27

Taung Gold International (621) reported unaudited consolidated interim results for the six months ended 30 September 2025, recording a loss attributable to owners of HK$7.38 million, compared with HK$7.40 million for the same period in 2024. Basic loss per share remained at HK0.4 cent. No interim dividend was recommended, and net assets increased to HK$2,800.64 million from HK$2,640.92 million at the end of March 2025. The Group held no bank borrowings or banking facilities, and its gearing ratio stood at zero.

The Group focuses on South African gold exploration, development, and mineral trading. It holds mining rights for the Jeanette Project in the Free State Province and the Evander Project in the Mpumalanga Province through subsidiaries. During the reporting period, project expenditures included ZAR4.29 million on Jeanette and ZAR2.68 million on Evander, reflecting ongoing work on feasibility studies, engineering planning, and efforts to secure financing arrangements. Management noted continued discussions with multiple potential partners, including Chinese construction and engineering enterprises, for further project development and funding strategies. Plans include ongoing feasibility updates, exploration of additional financing and EPC arrangements, and community engagement in South Africa.

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