Wanguo Gold Reports Major Resource Upgrade at Solomon Islands Gold Ridge Mine

Wanguo International Mining Group Ltd. ( (HK:3939) ) has provided an announcement.

Wanguo Gold Group has increased its effective stake in AXF Gold Ridge Pty Limited to 98%, giving it an 88.2% interest in the Gold Ridge Mine in the Solomon Islands, where production was restarted in 2023 and processing capacity is being expanded from 3Mtpa to 13Mtpa. An independent review by SLR Consulting has updated the mine’s mineral resources to 12.97 million ounces of gold and ore reserves to 7.78 million ounces as of 31 December 2025, representing rises of 79.7% and 550.1% respectively.

The company plans further exploration to upgrade 1.05 million ounces of inferred gold within the existing reserve pit to reserves and to test approximately 60 tonnes of potential resources in the southern mining area. These substantial increases in resources and reserves, together with ongoing plant expansion and follow-up exploration, signal a material strengthening of Gold Ridge Mine’s long-term production profile and reinforce Wanguo Gold’s strategic position as a growing regional gold producer.

The most recent analyst rating on (HK:3939) stock is a Buy with a HK$16.00 price target. To see the full list of analyst forecasts on Wanguo International Mining Group Ltd. stock, see the HK:3939 Stock Forecast page.

More about Wanguo International Mining Group Ltd.

Wanguo Gold Group Limited is a Cayman Islands-incorporated mining company listed in Hong Kong that focuses on gold production and development. Through its subsidiaries, it controls a majority interest in the Gold Ridge Mine in the Solomon Islands, where it produces gold in both ingot and concentrate form using heap leach and flotation processing facilities.

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Technical Sentiment Signal: Buy

Current Market Cap: HK$67.93B

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