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China Hanking Holdings Ltd. ( (HK:3788) ) has issued an update.
China Hanking Holdings Ltd. announced that it has received approval from the Western Australia Government’s Department of Water and Environmental Regulation for dewatering operations at the Golden Pig gold mine. This approval facilitates the low-cost discharge of underground water, paving the way for underground mining activities. The Cygnet gold project, which includes the Golden Pig, Copperhead, and Corinthia mines, aims to produce over 90,000 ounces of gold annually. The company is in the process of securing further approvals for its mining proposals and related facilities.
The most recent analyst rating on (HK:3788) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Hanking Holdings Ltd. stock, see the HK:3788 Stock Forecast page.
More about China Hanking Holdings Ltd.
China Hanking Holdings Ltd. is a company incorporated in the Cayman Islands, primarily engaged in the mining industry. It focuses on gold mining through its subsidiary, Hanking Gold Limited, which operates high-grade underground and open pit gold mines in Western Australia.
Average Trading Volume: 5,509,466
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.14B
See more data about 3788 stock on TipRanks’ Stock Analysis page.