China Gold International (02099) surged over 7% again, reaching a high of HK$96 and setting a new historical record. As of press time, the stock was up 7.02% to HK$95.3, with trading volume of HK$147 million.

On the news front, China Gold International recently released its interim results, showing sales revenue of $580 million, up 178.36% year-over-year; mining operating profit of $277 million, up 1,443.71% year-over-year; and shareholders' profit of $200 million, compared to a shareholders' loss of $31.674 million in the same period last year, representing a turnaround to profitability.

Securities analysts noted that the company's total gold production in the first half reached 2.74 tons, up 69% year-over-year, while total copper production reached 35,000 tons, up 231% year-over-year. Based on annual guidance, both the company's gold and copper production exceeded 50% of the full-year targets.

Market analysts pointed out that the Jiama mine has significant expansion potential for the future. The Yulongbu tailings facility is expected to be completed and operational in the first half of 2027, when daily ore processing capacity is projected to increase to 44,000 tons per day (currently 34,000 tons). Additionally, the company will apply for capacity upgrades under safety permit conditions, and if approved, the mining and processing capacity will be enhanced to 50,000 tons per day.

Furthermore, the company is conducting exploration work in two exploration areas, Bayi Ranch and Zegulang North, which have already shown significant resource potential and are expected to support larger-scale expansion in the future.