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HKG:3788

6 stories mentioning HKG:3788Updated 40d ago

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Asia

Hanking Gold Begins Construction of Mt Bundy Gold Project Plant

Hanking Gold International (HKG:3788) started full-scale construction of the processing plant for its Mt Bundy Gold Project in Australia's Northern Territory, following a groundbreaking ceremony on Wednesday, according to a same-day Hong Kong bourse filing.The 5.5 million-tonne-per-year processing plant is being built under EPC and EPCM contracts awarded to Australian contractors Delonix Solutions Projects and CPC Engineering, the filing said.Shares of the company fell over 1% in recent trade.

HKG:3788
Asia

Hanking Gold Awards A$121M Contracts for Mt Bundy Processing Plant; Shares Fall 3%

Hanking Gold International's (HKG:3788) wholly owned subsidiary Primary Gold has awarded two contracts worth a combined approximately A$121 million for construction of the 5.5 million-tonne-per-year processing plant at its Mt Bundy Gold Project in Australia.Delonix Solutions Projects received a fixed-price contract worth A$92.48 million for the dry plant, with completion and commissioning targeted for December 2027.CPC Engineering was awarded an A$28.5 million contract, including a 15% contingency, to manage engineering, procurement and construction of the wet plant, which is expected to be commissioned in early 2028.The project is expected to support first gold production in the first quarter of 2028.Shares of the company fell nearly 3% in recent trade.

HKG:3788
Asia

Hanking Gold Unit Receives Approval for Cygnet Underground Mining Project

Hanking Gold International (HKG:3788) said its wholly owned subsidiary received regulatory approval for underground mining activities at the Cygnet Gold Project in Western Australia, according to a Monday Hong Kong bourse filing.The approval covers underground mining development at the Copperhead and Golden Pig deposits, including access infrastructure, mining operations, and supporting facilities.Following approval, the company said it has begun the tendering process for underground development works at Copperhead as it prepares for mine development and drilling to expand resources and reserves.

HKG:3788
Asia

Hanking Gold Starts Construction at Mt Bundy Gold Project

Hanking Gold International (HKG:3788) commenced construction works for an access road, mine camp, and related infrastructure at its Mt Bundy Gold Project in Australia, according to a Wednesday Hong Kong bourse filing.Shares of the gold miner were up over 1% in morning trade on Thursday.The company said the works began after securing mining approvals and satisfying conditions set by authorities in Australia's Northern Territory.Hanking Gold expects the project to produce an average of 150 Koz of gold per year during the first 10 years of the initial 17-year mine life, with production targeted to begin in the first quarter of 2028.The company said the project is expected to create more than 400 jobs during the construction phase.

HKG:3788
Asia

Hanking Gold Unit Secures Mining Approval for Mt Bundy Project; Shares Gain 3%

Hanking Gold International (HKG:3788) said its unit, Primary Gold, obtained mining management plan approval and a deemed mining licence for the Mt Bundy Gold Project in Australia, according to a Tuesday Hong Kong bourse filing.Shares of the gold miner were up nearly 3% in morning trade on Wednesday.Hanking Gold plans to begin site works in early May and start processing plant construction in the third quarter, targeting first gold production in the first quarter of 2028.

HKG:3788
Asia

China Hanking Books Lower 2025 Profit

China Hanking (HKG:3788) booked 172.1 million yuan in attributable profit for 2025, falling from 180.9 million yuan in 2024, according to a Hong Kong bourse filing Friday.Shares of the gold miner fell 2% in morning trade Monday.Earnings per share were 0.089 yuan, compared with 0.094 yuan in the prior year.Revenue rose 3.2% year on year to 2.56 billion yuan, figures showed.The firm did not propose a dividend for the year.

HKG:3788

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