Changes in Hong Kong stocks | Wanguo Gold Group (03939) rose more than 14% in the afternoon, international gold prices returned to $4,000, and the company's production is expected to rise at an accelerated pace

The Zhitong Finance App learned that Wanguo Gold Group (03939) rose more than 14% in the afternoon. As of press release, it rose 13.34% to HK$12.83, with a turnover of HK$534 million.

According to the news, on November 4, the intraday increase of spot gold extended to 2%, returning above 4,000 US dollars/ounce. On the evening of the 3rd local time, the US media predicted that the Democratic Party would take back the majority of seats in the House of Representatives of the National Assembly, then predicted that the Democratic Party would take back control of the Senate and regain control of Congress. Expectations of Trump's subsequent large-scale fiscal expansion cooled down, and the risk of upward inflation eased, directly opening up room for a rebound in gold prices.

Guolian Minsheng Securities previously stated that the foundation for the company's core assets, the Jinling Gold Mine Equipment Ball Mill and Semi-Automatic Mill, has been completed. 80% of the main equipment, the ball mill installation has been completed, and 50% of the semi-automatic mill has been installed. The installation work is progressing steadily according to the plan. After the expansion is completed, the long-term Jinling Gold Mine is expected to produce 15 tons of gold per year.