HK Stock Market Move | CHINAGOLDINTL (02099) surged nearly 8% after its results announcement, with the intermediate shareholders' attributable profit increasing by 153.31% year-on-year. The development plan for the Jiamar mine has been approved for advancement.

CHINAGOLDINTL (02099) has risen nearly 8% after earnings, reporting a 7.8% increase to HK$201, with a transaction volume of HK$141 million. On the news front, on August 13, CHINAGOLDINTL announced its mid-year results for 2026, with sales revenue of approximately US$914 million, an increase of 57.52% year-on-year. Mining operating profit was around US$620 million, up 123.83% year-on-year; profit attributable to company shareholders was about US$507 million, a year-on-year increase of 153.31%; earnings per share were 127.99 US cents. Total gold production decreased by 18% from 88,200 ounces in the same period of 2025 to 72,300 ounces. Total copper production was 78.6 million pounds (approximately 35,671 tons), a slight increase compared to 77 million pounds (approximately 34,924 tons) in the same period of 2025. It is worth mentioning that on August 14, CHINAGOLDINTL announced that its management has approved a plan submitted by its wholly-owned subsidiary, Tibet Huatai Long Mining Development Co., Ltd. (Huatai Long), to advance the next phase of development for the Jiam minerals copper polymetallic mine located in the Tibet Autonomous Region of China. After assessing and comparing multiple optional development plans, the proposed development plan will expand the joint processing capacity of the Jiam Mine from the current designed capacity of 50,000 tons per day to approximately 160,000 tons per day, subject to the ongoing preliminary feasibility study, subsequent internal approvals, necessary regulatory approvals, and other statutory processes.