Shengda Resources stock volatile amid subsidiary’s mine trial production

Shengda Resources' stock exhibited abnormal trading behavior, with cumulative deviation exceeding 20% over three consecutive trading days from August 29 to September 2, 2025. The company confirmed no undisclosed material information, no changes in operations, and no trading by controlling shareholders during this period.

This stock activity coincides with Shengda Resources' announcement that its controlling subsidiary, Honglin Mining, received approval for trial production at its Caiyuanzi Copper-Gold Mine. The trial run is scheduled for three months, from September 10 to December 10, 2025. During this period, Honglin Mining must ensure safety and adhere to regulations before applying for a formal production license.

Honglin Mining holds 53% of the shares in Shengda Resources. The Caiyuanzi Copper-Gold Mine, with a production scale of 396,000 tonnes/year, has identified gold metal resources totaling 17,049 kilograms and copper metal resources of 29,015 tonnes. While the trial production is expected to boost gold output, its impact on current operating performance is not significant, and the official start of production remains uncertain.