The Zhitong Finance App learned that Wanguo Gold Group (03939) rose nearly 7% in the afternoon. As of press release, it rose 6.22% to HK$13.33, with a turnover of HK$269 million.

According to the news, the latest data from the central bank shows that China's gold reserves at the end of September were 77.47 million ounces, an increase of 740,000 ounces over the previous month. This is the 23rd month in a row that China's central bank has increased its gold holdings. Goldman Sachs's latest research indicates that, driven by strong demand from central banks seeking diversification of foreign exchange reserves, the price of gold will rise to 4,900 US dollars per ounce by the end of 2026.

It is worth noting that on September 16, the crushing system of the Jinling Gold Mine Immersion Plant was officially launched and successfully achieved, marking that the Jinling Gold Mine 15 million tons/year production expansion project has officially entered the process system commissioning stage, and the overall construction progress continues to exceed expectations. Guojin Securities previously released a research report stating that the expansion of Jinling mine production is the core driving force for Wanguo Gold Group's mid-term performance growth.

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