Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from North Mining Shares Co., Ltd. ( (HK:0433) ) is now available.
North Mining Shares Company Limited has provided an update on measures taken to address a disclaimer of opinion in its 2024 annual report, where auditors raised concerns over the group’s ability to continue as a going concern. From 1 January to 30 November 2025, the company’s mining operations generated unaudited revenue of over HK$800 million, which management attributes to improved operational efficiency, stable commodity prices and higher production, and part of this revenue has been used to repay short-term debts to improve financial stability. In parallel, the company is progressing with a very substantial disposal of its chemical trading and aluminum metal trading businesses to an independent third party; upon completion, the remaining group is expected to shift from a net liability of about HK$479 million to a net asset position of roughly HK$322 million, bolstering its financial footing and enabling greater focus on its core mining business and potential future fundraising.
The most recent analyst rating on (HK:0433) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on North Mining Shares Co., Ltd. stock, see the HK:0433 Stock Forecast page.
More about North Mining Shares Co., Ltd.
North Mining Shares Company Limited is a Bermuda-incorporated company listed in Hong Kong that operates mining businesses, with its principal activities centered on mining operations that generate revenue from commodity production. The group has also been involved in chemical product manufacturing and trading, as well as aluminum metal trading, though it is in the process of disposing of these non-core businesses to refocus on its main mining operations and strengthen its balance sheet.
Average Trading Volume: 16,193,814
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.17B
See more insights into 0433 stock on TipRanks’ Stock Analysis page.