On August 10, CHIFENG GOLD rose 3.09% in regular trading, trading at HKD 38.62/share, with turnover of HKD 159 million. The stock continued its upward momentum as multiple positive catalysts converged.

On the news front, the company's indirect subsidiary Lane Xang Minerals signed a mining service agreement worth up to USD 220 million with China Railway 19th Bureau Group's Laos unit on August 7. The contract covers full-scope open-pit mining services at the Sepon Gold-Copper Mine, including pre-stripping, ore extraction, transportation, blasting, and waste dump management, marking a substantive advancement in Sepon mine development.

Additionally, the company recently disclosed that its SND porphyry gold-copper project in Laos completed an updated JORC-compliant resource estimate, with total gold-equivalent metal content reaching 260 tonnes across 360 million tonnes of ore — a 143% increase from the initial estimate. The mineralization remains open to the southwest and at depth, suggesting further growth potential. The company also guided H1 non-GAAP net profit of RMB 17.1–17.9 billion, representing 54%–61% year-over-year growth, with mid-term results to be reviewed at the August 28 board meeting.

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