HK Stock Market Move | EVEREST GOLD (01815) surged more than 21% to a new high, soaring 14 times year-to-date. The company has expanded its upstream mining business and completed a renaming.

Afternoon rise of over 21% for EVEREST GOLD (01815), hitting a high of 2.66 Hong Kong dollars during the day to set a new all-time high, with a cumulative increase in stock price of over 1400% for the year. At the time of writing, it rose by 21%, to 2.65 Hong Kong dollars, with a turnover of 51.7077 million Hong Kong dollars. On the news front, Gold Cat Silver Cat officially changed its name to "EVEREST GOLD" on April 29. The Board of Directors stated that the renaming will demonstrate the Group's long-term focus on gold-related business operations in China and its entry into mineral exploration activities near Mount Everest in the Himalayas. It is reported that China Silver and Gold Cat Silver Cat completed the acquisition of Jiangxi Letong New Materials Co., Ltd. (holding 100% equity of Tibet Longtianyong Mining Co., Ltd.) in August 2024. In the second half of 2024, Tibet Longtianyong hired independent third-party geological experts to conduct a survey. The survey discovered several gold mineralized belts; estimated the inferred ore reserves of these gold mines to be approximately 2.1 million tons, with estimated metal content of approximately 5,800 kilograms and an average gold grade of approximately 2.77 grams per ton. It is preliminarily expected that the prospective gold metal content in the Shannan exploration area can reach around 20 to 25 tons.