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The latest update is out from Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ).
Lingbao Gold Group Company Ltd. announced that its subsidiary Simberi has secured an extension of its mining lease to 2038, satisfying one of the key conditions precedent for a planned equity subscription transaction. While the extension strengthens the long-term resource and production visibility tied to the Simberi asset, the company cautioned that completion of the subscription remains subject to additional conditions under the equity placing agreement, and therefore the deal may or may not proceed, prompting a warning to shareholders and potential investors to trade the company’s shares with care.
The most recent analyst rating on (HK:3330) stock is a Hold with a HK$27.00 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. is a PRC-incorporated gold producer engaged in gold mining and related operations, with assets held through various subsidiaries and a listing on the Hong Kong Stock Exchange. The group focuses on exploration and extraction activities that support its broader gold production and sales business in mainland China and overseas.
Average Trading Volume: 7,654,171
Technical Sentiment Signal: Buy
Current Market Cap: HK$32.56B
See more insights into 3330 stock on TipRanks’ Stock Analysis page.