Hong Kong stock movement: WANGUO GOLD GP rises 10.64%, Zijin Mining's acquisition of United Gold sparks market frenzy

Hong Kong Stock Movement WANGUO GOLD GP - New rose 10.64%. Based on recent key news: On January 26, Zijin Mining and Zijin Gold International announced the acquisition of United Gold. This acquisition involves approximately CAD 5.5 billion, with United Gold's core assets including several important gold mines, which has driven up the stock price of WANGUO GOLD GP. The gold industry has recently performed strongly, with significant capital inflows. Stocks with High Trading Volume in the Industry Luoyang Molybdenum rose 6.03%. Based on recent news, On January 25, Luoyang Molybdenum announced the completion of its acquisition of the Aurizona Gold Mine, RDM Gold Mine, and Bahia Complex from Canada's Equinox Gold. The acquired gold mine assets contain gold resources of 5.013 million ounces, with an expected annual gold production of 6-8 tons by 2026. This news has driven the stock price up. On January 26, Luoyang Molybdenum announced that all conditions precedent under the subscription agreement have been met, and the issuance of bonds with a total principal amount of USD 1.2 billion has been completed. This move enhances the company's financial strength and further boosts market confidence. On January 27, Jefferies released a research report stating that Luoyang Molybdenum's gold business will become another pillar of the company besides copper, and raised the company's target price. Analysts' positive evaluations have supported the stock price. Gold prices have risen, and mining stocks have generally strengthened. MMG Resources rose 2.11%. Based on recent key news: On January 26, Citigroup raised its earnings forecast and target price for MMG Resources, maintaining a "Buy" rating. Citigroup expects a copper production target of 400,000 tons by 2026, with costs expected to decrease, driving up the stock price. Source: Zhitong Finance On January 27, MMG Resources announced that it expects profits in 2025 to be impacted by impairment in the Kinsevere mining area, with net profits estimated at around USD 500 million to USD 520 million. Although the impairment affects short-term profit performance, the company's core profitability remains robust. Source: Zhitong Finance On January 26, copper stocks collectively strengthened, influenced by geopolitical concerns and gold price guidance, with copper prices fluctuating at high levels, leading to an increase in MMG Resources' stock price. Source: Zhitong Finance. Copper prices are fluctuating at high levels, with strong industry demand. Liqin Resources rose 2.56%. Based on recent news, On January 27, Liqin Resources strengthened again in early trading, continuing the recent trend of consecutive gains at high levels, boosting short-term enthusiasm in the materials sector. The prices of cobalt, nickel, and other non-ferrous metals have rebounded, bringing expected incremental growth to the company's related business segments. Domestic new materials industry policies continue to strengthen, and the expansion of downstream demand in new energy vehicles and energy storage also injects growth momentum into Liqin Resources. The market holds an optimistic view on its capacity expansion and cost control capabilities, with significant capital inflows and a resonance phenomenon between speculative and long-term funds. Short-term enthusiasm in the materials sector has increased, with significant capital inflows Stocks Ranked Among the Top in Industry Market Capitalization Jiaxin International Resources, up 6.73%, with a market capitalization of HKD 41.6 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation