Wanguo International Mining (03939) rose more than 7%. As of press release, it rose 6.71% to HK$7.95, with a turnover of HK$17.3966 million.
The Zhitong Finance App learned that Wanguo International Mining (03939) rose more than 7%. As of press release, it had risen 6.71% to HK$7.95, with a turnover of HK$17.3966 million.
According to news, since this year, copper prices have continued to rise, driven by tighter supply. At one point, the cumulative increase of Luntong copper exceeded 16%. Goldman Sachs raised its copper price target by 20% to $12,000 per ton at the end of the year. Goldman Sachs believes that refining supply is becoming increasingly constrained, leading to inevitable future shortages.
Wanguo International Mining's revenue in 2023 increased by 93.0% to approximately RMB 1,315 million, and profit attributable to company owners increased by 85.8% to approximately RMB 335 million. The increase in revenue was mainly due to increased sales from the Golden Ridge mine. Revenue from the sale of gold ingots and gold concentrates during the period was approximately RMB 658 million.