HK Stock Market Move | GT GOLD (08299) rose by more than 5%, with a year-on-year net profit growth of 42.57%, and completed the acquisition of two project companies in Ningqian County, Shaanxi Province.

GT GOLD (08299) rose more than 5%, as of the publication, it rose by 5.45%, to HK$0.29. On the news front, GT GOLD recently released its annual performance for the year ending March 31, 2026. During the reporting period, the company achieved revenue of HK$1.966 billion, an increase of 49.62% year-on-year; the attributable net profit to shareholders was HK$94.878 million, up 42.57% year-on-year. The announcement stated that the total revenue of the group's mining business for this fiscal year was approximately HK$284.2 million, an increase of about 51.5% from the previous year. The increase in mining revenue is attributed to the rise in gold prices and improved production capacity. In this fiscal year, the group produced approximately 298 kilograms of gold concentrate, an increase of about 7.56% from the previous year's 277 kilograms. In addition, on the evening of June 29, GT GOLD announced the completion of a major transaction to acquire two project companies in Ningqian County, Shaanxi Province. The Board of Directors gladly announced that all the conditions precedent of the agreement had been met, and the completion was made on June 29, 2026. After completion, the target companies have become direct wholly-owned subsidiaries of the company, and their financial performance will be consolidated into the group's financial statements. It is reported that the two ore processing plants have a combined design capacity of 1500 tons per day, with a potential capacity of up to 2000 tons per day. Once fully operational, this will greatly increase GT GOLD's gold production and overall profitability level.