On October 16, WANGUO GOLD GP rose 3.45% in Regular Trading, trading at HK$12.8, with turnover of HK$21.451 million.

The move was accompanied by renewed strength in the gold theme, as market focus remained on China adding to its gold reserves for a 23rd consecutive month and on expectations for the Jinling gold mine 15 million-tonne-per-year expansion project.

Public disclosures showed China’s gold reserves increased to 77.47 million ounces at the end of September, up 740,000 ounces from the prior month. Company fundamentals also remained supportive: interim revenue reached RMB1.863 billion, up 50.2% year on year, while adjusted net profit rose 49.3% to RMB994 million. Previously disclosed project progress showed the crushing system of the Jinling mine heap leach plant had successfully entered trial material feeding, reinforcing market expectations that expansion remains the core medium-term earnings driver.

(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.)