Movement Alert｜China Gold International Rises 8% in Regular Trading, Jiama Mine Proven Resources Surge 523%

Market Focus

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On July 2, China Gold International rose 8% in regular trading, trading at 133.7 HKD/share, with turnover of 155 million HKD. The rally was driven by the company's announcement that it has completed an updated mineral resource and reserve estimate for its Jiama copper polymetallic mine project in Tibet.

According to the announcement released on June 30, proven mineral resources at the Jiama mine increased from 100 million tonnes to 623 million tonnes, representing a 523% increase. Proven reserves surged by 1,170%, while total reserves rose from 440 million tonnes to 665 million tonnes, a 51% gain. The updated proven resources carry an average grade of 0.69% Cu or 1.12% CuEq, indicating high-quality expansion. The broader gold sector also traded higher, with Lingbao Gold up 8.79%, Zijin Gold International up 6.38%, SD Gold up 6.11%, and Zhaojin Mining up 5.43%.

(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.)

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The rally was driven by the company's announcement that it has completed an updated mineral resource and reserve estimate for its Jiama copper polymetallic mine project in Tibet.</p><p>According to the announcement released on June 30, proven mineral resources at the Jiama mine increased from 100 million tonnes to 623 million tonnes, representing a 523% increase. Proven reserves surged by 1,170%, while total reserves rose from 440 million tonnes to 665 million tonnes, a 51% gain. The updated proven resources carry an average grade of 0.69% Cu or 1.12% CuEq, indicating high-quality expansion. The broader gold sector also traded higher, with Lingbao Gold up 8.79%, Zijin Gold International up 6.38%, SD Gold up 6.11%, and Zhaojin Mining up 5.43%.</p><p>(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. 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