On October 13, WANGUO GOLD GP rose 3.47% in regular trading, trading at HK$13.41. The catalyst is the People's Bank of China's 23rd consecutive monthly increase in gold reserves, adding 740,000 ounces in September, alongside Goldman Sachs' bullish forecast of gold reaching $4,900 per ounce by end-2026.
Company-specific momentum stems from the Gold Ridge mine expansion in the Solomon Islands, where the 15 million tonne per annum project is progressing ahead of schedule. The heap leach crushing system successfully commenced trial operations on September 16, marking entry into process system commissioning. Research reports identify this expansion as the core driver of the group's medium-term earnings growth.
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