---
title: "Lingbao Gold Raises HK$770.6 Million to Fund Aggressive Gold Mining Expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283679726.md"
description: "Lingbao Gold Group Company Ltd. has raised approximately HK$770.6 million through the placement of existing and new H shares. The funds will primarily support the construction of the St Barbara gold mine, overseas acquisitions of gold mining assets, and exploration in China, indicating a strong expansion strategy in the gold mining sector. The company is focused on increasing its reserves and production capacity both domestically and internationally."
datetime: "2026-04-22T13:41:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283679726.md)
  - [en](https://longbridge.com/en/news/283679726.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283679726.md)
---

# Lingbao Gold Raises HK$770.6 Million to Fund Aggressive Gold Mining Expansion

### Claim 30% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) has provided an announcement.

Lingbao Gold Group has completed a placing of 29,816,000 existing H shares and a top-up subscription of an equal number of new H shares under its general mandate, raising net proceeds of about HK$770.6 million from professional institutional and individual investors. The funds will be allocated mainly to the construction of the St Barbara gold mine project, overseas acquisitions of high-quality gold mining assets, exploration and expansion of mineral reserves in China, and general working capital, signaling an aggressive expansion strategy and reinforcing its growth trajectory in the gold mining sector.

**More about Lingbao Gold Group Company Ltd. Class H**

Lingbao Gold Group Company Ltd. is a mainland China-based gold producer engaged in the exploration, mining, processing and sale of gold and related mineral products. The company focuses on developing gold mining assets both in the People’s Republic of China and overseas, positioning itself to expand reserves and production capacity in key resource regions.

**Average Trading Volume:** 19,103,463

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$33.94B

### Related Stocks

- [03330.HK](https://longbridge.com/en/quote/03330.HK.md)
- [RING.US](https://longbridge.com/en/quote/RING.US.md)
- [UGL.US](https://longbridge.com/en/quote/UGL.US.md)
- [IAU.US](https://longbridge.com/en/quote/IAU.US.md)
- [518850.CN](https://longbridge.com/en/quote/518850.CN.md)
- [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md)
- [02919.HK](https://longbridge.com/en/quote/02919.HK.md)

## Related News & Research

- [Lingbao Gold Declares Final 2025 Dividend and Clarifies Withholding Tax Terms](https://longbridge.com/en/news/286924803.md)
- [Lingbao Gold Wins Shareholder Backing for 2025 Reports and New Capital Mandates](https://longbridge.com/en/news/286919537.md)
- [Golden Sky Minerals Consolidates Full Ownership of Rayfield Ground within Rayfield-Gjoll Project | LCKYF Stock News](https://longbridge.com/en/news/286937838.md)
- [MAYFAIR GOLD ADDS VP EXPLORATION AND TECHNICAL LEADERSHIP DEPTH | MINE Stock News](https://longbridge.com/en/news/286219393.md)
- [$1000 Invested In SPDR Gold MiniShares Trust 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286819467.md)