The A-share gold concept initially declined, CHJ approached the limit down, Northern Copper fell over 5%, and Hunan Gold, TNMG, and Pengxin Mining all fell

Pengxin Mining: The net profit for the third quarter is 92.5853 million yuan

Pengxin Mining announced that its revenue for the third quarter was 1.455 billion yuan, a year-on-year decrease of 24.23%; net profit was 92.5853 million yuan. Revenue for the first three quarters was 4.129 billion yuan, a year-on-year increase of 26.83%; net profit was 234 million yuan

Gold prices continue to rise, 5 gold stocks are undervalued

Recently, gold prices have continued to rise due to geopolitical risks and safe-haven sentiment, with global funds flowing into gold assets. The U.S. government shutdown and political changes in multiple countries have heightened investor concerns, driving up gold prices. The market expects the Federal Reserve to cut interest rates by 25 basis points in both October and December. The average increase in the A-share gold sector stocks is 51.57%, with Yuguang Gold&Lead, Pengxin Mining, and ZHONGJIN GOLD leading the gains at 93.66%, 91.34%, and 79%, respectively. Currently, the rolling price-to-earnings ratios of the five gold stocks are all below 30 times

Gold concept rises against the trend, XC-TECH up nearly 10%

In the afternoon, gold concept stocks rose against the trend, with XC-TECH up nearly 10%. Previously, Yuguang Gold&Lead once approached the daily limit, reaching a historical high. WESTERN REGION GOLD, Pengxin Mining, WESTERN REGION GOLD, XC-TECH, Silver Holdings, ZHONGJIN GOLD, and others followed suit. On the news front, London spot gold broke through USD 4,070 per ounce during the day, while spot silver rose over 2%, approaching USD 51.70 per ounce, both hitting historical highs

Pengxin Mining: There are no significant matters that should be disclosed but have not been disclosed

On October 10th, Pengxin Mining announced an abnormal stock trading fluctuation, stating that the company's production and operational activities are normal, and there have been no significant changes in daily operations or external environment. After the company's self-inspection and verification with the controlling shareholder and actual controller, as of the date of this announcement, the company has no significant matters that should be disclosed but have not been disclosed