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Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) has issued an announcement.
Lingbao Gold Group Company Ltd. announced a significant increase in gold resources at its Tongbai Laowan Gold Mine, with a 73% rise in gold content to 54.51 tonnes. This increase is attributed to extensive exploration efforts, including 94 drill holes and geological mapping, which have expanded the resource estimation scope. The company is also planning further drilling to explore deeper mineralization and is working on future capacity expansion plans in compliance with government requirements.
The most recent analyst rating on (HK:3330) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Lingbao Gold Group Company Ltd. Class H stock, see the HK:3330 Stock Forecast page.
More about Lingbao Gold Group Company Ltd. Class H
Lingbao Gold Group Company Ltd. operates in the mining industry, focusing on gold exploration and extraction. The company, through its subsidiary Tongbai Xingyuan Mining Company Limited, manages the Tongbai Laowan Gold Mine in China, which spans an area of 8.5 square kilometers.
YTD Price Performance: 420.84%
Average Trading Volume: 9,879,592
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.14B
For a thorough assessment of 3330 stock, go to TipRanks’ Stock Analysis page.