Mining firm Jinchuan rises as co forecasts narrower yearly loss

Jinchuan International Resources

10/03/2025 02:45

** Shares of mining group Jinchuan Group International Resources Co Ltd 2362.HK jump 8.9% to HK$0.73, their biggest intraday pct gain since March 4

** Stock on course for sixth consecutive session of gains

** The mining group expects to record a consolidated loss of not more than $5 mln for 2024, narrowing from $12 mln consolidated loss in 2023

** Says impairment losses on non-current assets relating to the value added tax receivable in the Democratic Republic of the Congo is offset by improved mining operational performance

** Hang Seng Commerce & Industry Index .HSNC falls 1.8%,  Hang Seng Index .HSI eases 1.2%

** Stock up 40.4% YTD

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))