China's Hanking Gold H1 revenue falls on lower high-purity iron volumes

Hanking Gold International

20/08/2026 15:55

Overview
China-based gold miner's interim revenue fell 35% yr/yr to RMB 911.6 mln
Company reported net loss and negative earnings per share for the period
Company advanced Mt Bundy and Cygnet gold projects, completed acquisition of minority interests

Outlook
Mt Bundy Gold Project targets first gold pour in Q1 2028
Cygnet Gold Project aims for first gold pour by end of 2029
Company to focus resources on gold business, aiming to become a mid-tier gold producer

Result Drivers
HIGH-PURITY IRON VOLUMES – Revenue fell 35% to RMB911.6 mln, mainly as high-purity iron sales volume dropped 189,000 tonnes despite higher prices
 
IRON ORE APPROVAL DELAYS – Iron ore output fell 29% and sales fell 30% after land approvals took longer than expected and production scheduling was reduced

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 911.59 mln
 

Analyst Coverage
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

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Aug 20 - Mongolian Mining H1 revenue jumps on higher coal, gold sales

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)