Gold stocks collectively strengthen, with many companies responding to the impact of gold prices

On the morning of April 8th, gold stocks continued to strengthen. Western Gold hit the daily limit-up with a “one” character increase; Shan Jin International touched the daily limit during trading and closed up 8.04% at noon; Xiaocheng Technology rose over 14% during trading and closed up 13.02% at noon; Hunan Gold, Zijin Mining, Chifeng Gold, and Shandong Gold also followed the upward trend. On the same day, COMEX gold rebounded sharply during trading, with the increase exceeding 4% at one point. Staff from Western Gold’s securities department responded exclusively to China Securities Journal·CSEC Taurus reporter that the company’s stock price is affected by multiple factors, and it is difficult to determine a strict positive correlation between the rebound in international gold prices and the stock price. Regarding the company’s production plan for 2026, the aforementioned Western Gold securities staff stated that the company will carry out its previously disclosed production plan in an orderly manner. Among them, the planned gold production for 2026 is 11,010 kilograms. Concerning gold mine expansion actions, the company acquired 100% equity of Xinjiang Meisheng Mining Co., Ltd., held by Xinjiang Nonferrous Metals in 2025, which owns the mining rights for the Katuba Asu gold-copper mine. Whether there will be expansion actions in the future will be subject to the company’s announcements. Xiaocheng Technology securities department staff responded exclusively to the reporter that the company’s stock price increase is mainly driven by the overall warming of the gold sector. The rebound in gold prices indeed can boost performance to some extent, but it is not the only factor. Besides gold prices, mining costs and operational models also influence the company’s performance, and domestic and international mining costs vary greatly. The company’s annual report has not yet been disclosed; specific performance details will be based on the company’s annual report. Chifeng Gold securities department staff responded exclusively to the reporter that the rise in gold prices will have a positive impact on the company’s profits. The company has already formulated its 2026 production plan and will strictly control its implementation according to the plan. Mining costs are highly related to mining volume and gold ore grade, and are also significantly linked to capital investment. (CSEC Taurus)