BRIEF: Zijin Gold International’s profit triples on soaring gold prices
Zijin Gold International Co. Ltd. (2259.HK), spun off from Zijin Mining Group (2899.HK; 601899.SH) earlier this year, said on Tuesday it expects to report an annual profit of $1.5 billion…
BRIEF: SolGold agrees to be acquired after Jiangxi Copper raises its bid price
The board of gold and copper miner SolGold Plc (SOLG.L) agreed to recommend an offer to sell the company to Jiangxi Copper Co. Ltd. (0358.HK; 600362.SH), reversing its earlier position, after the…
BRIEF: Luk Fook’s profit jumps on rising gold prices, sales strategy
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) on Thursday forecast it would report its revenue rose 20% to 30% year-on-year in the six months through September, the first half…
Chifeng Gold chases new glitter in rare earths
The company currently gets 90% of its revenue from gold, but is expanding into copper and rare earths to tap anticipated future demand Key Takeaways: Chifeng Gold’s profit surged 141%…
BRIEF: Shandong Gold’s profit surges 91% in first three quarters
Gold producer Shandong Gold Mining Co. Ltd. (1787.HK; 600547.SH) announced on Wednesday that its revenue rose 25% year-on-year to 83.78 billion yuan ($11.8 billion) in the first nine months of…
BRIEF: Luk Fook reports strong September-quarter sales
Jewelry retailer Luk Fook Holdings (International) Ltd. (0590.HK) said on Tuesday its retail sales value rose 18% sequentially during its latest fiscal quarter through September, while its retailing revenue increased…
Gold’s bull market lifts Zhaojin to more shiny earnings
The miner reported impressive profit growth in the third quarter, benefiting from U.S. dollar weakness and a 17% surge for gold in the three-month period Key Takeaways: Zhaojin Mining’s profit…