On August 5, CHIFENG GOLD rose 3.7% in regular trading, trading at 34.18 HKD/share, with turnover of approximately 53.32 million HKD. The gold sector rallied broadly, with CHINAGOLDINTL up 7.38%, LINGBAO GOLD up 6.05%, and ZIJIN GOLD INTL up 4.01%.

On the company front, CHIFENG GOLD recently announced an updated resource estimate for its Laos SND gold-copper project. The controlled and inferred resources now total 260 tonnes of gold equivalent, representing a 143% increase from the initial estimate. Total ore resources stand at 360 million tonnes, with average gold grade of 0.47 g/t and copper grade of 0.22%. Mineralization remains open to the southwest and at depth, suggesting further growth potential.

Additionally, the company forecasts H1 attributable net profit of 1.70 billion to 1.78 billion yuan, up 54% to 61% year-over-year, driven by an approximately 43% increase in gold selling prices and strengthened operational management.

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