HK Stock Market Move | HANKING GOLD (03788) surged nearly 12% during the session as the Mt Bundy gold project officially enters the full construction phase.

HANKING GOLD (03788) increased nearly 12% during intraday trading, and as of the time of publication, it was up 11.84%, priced at HKD 3.4, with a trading volume of HKD 10.2426 million. In terms of news, HANKING GOLD announced that following the awarding of the EPC and EPCM contracts for the construction of the 5.5 million tons/year processing plant at the Mt Bundy gold mine project to two experienced Australian contractors, Delonix Solutions Projects Pty Ltd and CPC Engineering Pty Ltd, the company held a groundbreaking ceremony for the plant construction on August 12, 2026, marking the official commencement of the comprehensive construction phase of the project. At the groundbreaking ceremony, Mr. Andrew Mackay, a member of the Northern Territory Parliament, spoke on behalf of the Northern Territory Government, highly commending HANKING GOLD for its persistence and efforts in this project over the past 12 years. Mr. Mackay pointed out that this project is a significant one for the Northern Territory, and the processing plant being constructed will be the largest gold processing plant in the Northern Territory. Once completed and put into production, it will become the second largest gold mine by annual output in the Northern Territory.