On August 21, LINGBAO GOLD rose 5.74% in regular trading, trading at HKD 24.64 per share, with turnover of HKD 138 million. The stock continues its upward momentum ahead of a key board meeting scheduled for August 26.

On the news front, the company's board will convene on August 26 to review interim results and consider a dividend distribution. A prior profit alert indicated net profit of approximately RMB 9.5 billion to RMB 10.5 billion for the first half, representing year-over-year growth of approximately 42% to 57%. Additionally, the company's Xinjiang Habahe Huatai subsidiary reported a major exploration breakthrough, with gold metal resources surging from 13.20 tonnes to 53.94 tonnes, an increase of over three-fold. The resource report was prepared by SRK Consulting under JORC standards.

The broader gold sector also provided support, with spot gold recently breaking above USD 4,300 per ounce. Within the Gold sector, ZIJIN GOLD INTL rose 3.3%, SD GOLD rose 5.46%, ZHAOJIN MINING rose 0.95%, CHINAGOLDINTL rose 2.92%, and CHIFENG GOLD rose 4.9%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)