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China Hanking Holdings Ltd. ( (HK:3788) ) has provided an update.
China Hanking Holdings Limited announced a substantial upgrade to its gold inventory, with Hanking Gold’s combined JORC Ore Reserve rising 53.1% to 2.62 million ounces and total JORC gold resources increasing to 5.54 million ounces following completion of a Stage 1 pre-feasibility study for the Cygnet Gold Project and updated definitive feasibility work at the Mt Bundy Gold Project. The reserve uplift is driven largely by high-grade underground reserves at the Copperhead and Golden Pig deposits, additional open-pit reserves at Corinthia, and newly defined low-grade stockpile resources, which together enhance future ore feed flexibility and potential production scale, strengthening the company’s project economics and positioning in the Australian gold sector.
The most recent analyst rating on (HK:3788) stock is a Hold with a HK$3.50 price target. To see the full list of analyst forecasts on China Hanking Holdings Ltd. stock, see the HK:3788 Stock Forecast page.
More about China Hanking Holdings Ltd.
China Hanking Holdings Limited is a Hong Kong-listed mining group with operations focused on gold assets, notably the Cygnet Gold Project and Mt Bundy Gold Project in Australia. Through its subsidiary Hanking Gold Limited, the company is engaged in exploration, development and production of gold resources and reserves evaluated under the JORC (2012) Code by independent experts.
Average Trading Volume: 2,809,377
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.81B
See more insights into 3788 stock on TipRanks’ Stock Analysis page.