On August 11, CHIFENG GOLD rose 4.23% in regular trading, trading at 40.98 HKD/share, with turnover of 31.55 million HKD. The rise was driven by a confluence of company-specific catalysts and sector-wide gold momentum.

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 Laos for the Sepon gold-copper mine in Laos, covering pre-stripping, ore mining, transportation, and blasting services, marking the project's entry into substantive development. Additionally, the company disclosed an updated resource estimate for its SND porphyry gold-copper project, with total resources reaching 360 million tonnes at 0.70 g/t gold equivalent grade, corresponding to 260 tonnes of gold equivalent metal — a 143% increase from the initial estimate. The mineralization remains open to the southwest and at depth, suggesting further upside potential.

The company also guided H1 non-GAAP net profit of RMB 1.71–1.79 billion, representing 54%–61% year-over-year growth, with interim results to be reviewed by the board on August 28. The broader gold sector continued to rally, with UBS projecting gold prices reaching USD 5,000 by early next year amid declining US Treasury yields and sustained central bank buying.

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