HK Stock Market Move | CHINA HANKING (03788) surged over 11%, JORC gold resources increased to 5.54 million ounces.

CHINA HANKING (03788) rose more than 11%, as of the time of publication, it increased by 11.46% to HK$4.28, with a trading volume of HK$7.5463 million. In terms of news, CHINA HANKING announced that with the completion of the first stage pre-feasibility study of the Cygnet gold mine project and the update of the final feasibility study of the Mt. Bundy gold mine project, the combined ore reserves increased by 53.1% to reach 2.62 million ounces, and the JORC gold resource increased to 5.54 million ounces. It is worth noting that on Monday morning, spot gold and COMEX gold futures both broke through $4600 per ounce, reaching new historical highs. It is reported that this increase is due to the rise in geopolitical risks leading to an increase in safe-haven demand, and last Friday's poor non-farm payroll data has also strengthened market expectations for a Fed rate cut.