← Sichuan Rongda Gold Co. Ltd. Cl A overview

Sichuan Rongda Gold Co. Ltd. Cl A vs Kinross Gold: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Sichuan Rongda Gold Co. Ltd. Cl A (001337.CS)

Q3 2026
▲3

Sichuan Gold's profit more than doubles on higher gold prices and sales

  • First-half profit more than doubles Sichuan Gold reported first-half 2026 net profit of 433 million yuan, up 107.34% from a year earlier, with revenue up 87.03%. The company sold more gold concentrate and got higher prices, which directly boosts earnings and supports the stock price.

    This is the actual reported result, the strongest new evidence of the company's earnings power.

  • Gold price surge drove results The average gold price in Shanghai rose about 45.88% year on year in the first half, and Sichuan Gold's sales volume of gold concentrate increased 14.59%. Higher prices and more volume together lifted profit, and gold prices remain the main force behind the company's earnings.

    It explains the underlying force behind the profit jump and what investors should watch going forward.

  • Profitability and cash flow improved Gross margin reached 71.01%, up 5.94 percentage points, and operating cash flow rose 83.24% to 568 million yuan. Stronger margins and cash generation make the earnings growth look sustainable rather than a one-off.

    It shows the quality of the profit, not just the headline number, which matters for a long-term investor.

  • A large shareholder exited Zhang Jianping, previously the eighth-largest shareholder, dropped out of the top ten list by June 30. A big investor selling can weigh on sentiment, though the company's strong results and a 70% year-to-date share price gain show the market has largely looked past it.

    It is the main counterweight in the period and gives a fair picture of risks alongside the strong earnings.

July 2026
▲3

Sichuan Gold's profit more than doubles on higher gold prices and sales

  • First-half profit more than doubles Sichuan Gold reported first-half 2026 net profit of 433 million yuan, up 107.34% from a year earlier, with revenue up 87.03%. The company sold more gold concentrate and got higher prices, which directly boosts earnings and supports the stock price.

    This is the actual reported result, the strongest new evidence of the company's earnings power.

  • Gold price surge drove results The average gold price in Shanghai rose about 45.88% year on year in the first half, and Sichuan Gold's sales volume of gold concentrate increased 14.59%. Higher prices and more volume together lifted profit, and gold prices remain the main force behind the company's earnings.

    It explains the underlying force behind the profit jump and what investors should watch going forward.

  • Profitability and cash flow improved Gross margin reached 71.01%, up 5.94 percentage points, and operating cash flow rose 83.24% to 568 million yuan. Stronger margins and cash generation make the earnings growth look sustainable rather than a one-off.

    It shows the quality of the profit, not just the headline number, which matters for a long-term investor.

  • A large shareholder exited Zhang Jianping, previously the eighth-largest shareholder, dropped out of the top ten list by June 30. A big investor selling can weigh on sentiment, though the company's strong results and a 70% year-to-date share price gain show the market has largely looked past it.

    It is the main counterweight in the period and gives a fair picture of risks alongside the strong earnings.

Latest
▲3

Sichuan Gold's profit more than doubles on higher gold prices and sales

  • First-half profit more than doubles Sichuan Gold reported first-half 2026 net profit of 433 million yuan, up 107.34% from a year earlier, with revenue up 87.03%. The company sold more gold concentrate and got higher prices, which directly boosts earnings and supports the stock price.

    This is the actual reported result, the strongest new evidence of the company's earnings power.

  • Gold price surge drove results The average gold price in Shanghai rose about 45.88% year on year in the first half, and Sichuan Gold's sales volume of gold concentrate increased 14.59%. Higher prices and more volume together lifted profit, and gold prices remain the main force behind the company's earnings.

    It explains the underlying force behind the profit jump and what investors should watch going forward.

  • Profitability and cash flow improved Gross margin reached 71.01%, up 5.94 percentage points, and operating cash flow rose 83.24% to 568 million yuan. Stronger margins and cash generation make the earnings growth look sustainable rather than a one-off.

    It shows the quality of the profit, not just the headline number, which matters for a long-term investor.

  • A large shareholder exited Zhang Jianping, previously the eighth-largest shareholder, dropped out of the top ten list by June 30. A big investor selling can weigh on sentiment, though the company's strong results and a 70% year-to-date share price gain show the market has largely looked past it.

    It is the main counterweight in the period and gives a fair picture of risks alongside the strong earnings.

Kinross Gold Corporation (KGC)

Q3 2026
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.

August 2026
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.

Latest
▼3▲1

Kinross cuts output, costs rise, but returns more cash

  • Production forecast cut ~8% for 2026-2027 Kinross lowered its 2026 and 2027 production outlook by about 8% due to harsh weather and processing problems at La Coipa in Chile and slower mining at Round Mountain in Nevada. This reduces the amount of gold Kinross expects to sell, which directly lowers future revenue and earnings, pushing the stock down.

    This is the main new negative event that caused an 11.6% share drop and explains why KGC is moving.

  • All-in sustaining costs rising to ~$1,730/oz in 2026 Kinross expects its all-in sustaining costs to climb to about $1,730 per ounce in 2026, up from $1,571 in 2025, due to higher fuel, royalty and labor costs. Rising costs squeeze profit margins, meaning Kinross keeps less money from each ounce sold, which weighs on the stock.

    Cost inflation is a key new headwind that compresses margins and pressures the share price.

  • Capital return target raised to 50% of free cash flow Kinross increased its 2026 shareholder payout target to 50% of free cash flow from 40% and raised its dividend by 14%. Returning more cash through dividends and buybacks rewards investors directly and signals confidence in future cash generation, which supports the stock price.

    This is a new positive action that offsets some negative news and shows management's confidence.

  • Fed rate hike and gold selloff hit mining stocks The Federal Reserve raised interest rates on September 16, pushing bond yields to their highest since 2008 and triggering a $264 billion selloff in mining stocks. Gold producers lost $79 billion, with Kinross falling 21.3%. Higher rates make gold less attractive and strengthen the dollar, pressuring gold prices and mining shares.

    This macro event explains the broader sector decline and KGC's sharp drop in September.