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

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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.
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