On August 18, CHINAGOLDINTL rose 4.07% in regular trading, trading at 229.8 HKD/share, with turnover of 32.98 million HKD. The rise was driven by multiple catalysts including the imminent resumption of CSH gold mine operations and progress on underground development.

On August 17, the company announced that the slope remediation plan for its CSH gold mine has been approved. Following a localized slope instability event on May 22, the remediation and geological hazard prevention designs have been greenlit for implementation. The company expects to eliminate major hazards affecting mining operations by end of September, achieving safety standards for normal mining resumption.

Simultaneously, the company appointed SRK Consulting to conduct an independent NI 43-101 feasibility study on the proposed underground development at the CSH mine in Inner Mongolia. The mid-term results released on August 14 continue to provide tailwinds, with H1 revenue of USD 914 million up 58% year-over-year and attributable profit of USD 507 million surging 153%, driven by copper realized prices rising 73% to USD 4.66 per pound.

Within the Gold sector, ZIJIN GOLD INTL rose 2.74%, SD GOLD rose 1.35%, and CHIFENG GOLD rose 1.26%.

(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.)