← Sichuan Rongda Gold Co. Ltd. Cl A overview

Sichuan Rongda Gold Co. Ltd. Cl A vs First Majestic Silver: 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 20263 Jul – 20 Aug 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 20263 Jul – 20 Aug 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.

Latest3 Jul – 20 Aug 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.

First Majestic Silver Corp (AG)

Q3 202622 Jun – 31 Jul 2026

▲3▼1

Silver crash hits AG, but output growth and asset sale build value

Silver price collapse pressures revenue Silver fell below $60 an ounce, down over 50% from January's record high, driven by a stronger dollar and rising Treasury yields. This directly lowers the price First Majestic receives for its silver, squeezing revenue and profits, and is the main reason AG shares have dropped.
The silver price crash is the dominant force pushing AG's stock down this period.
Raised 2026 production guidance and larger capital plan First Majestic increased its 2026 production outlook after strong Q2 output and backed it with a US$318–344 million capital program, including the Jerritt Canyon restart and new underground access. More production means more silver and gold to sell, supporting future revenue even at lower prices.
Higher production guidance is a key company-specific catalyst that can offset lower silver prices.
Del Toro mine sale monetizes asset and gains equity stake First Majestic sold its Del Toro silver mine for up to US$60 million and now holds about 24.77% of Sierra Madre's shares. This brings in cash and gives AG exposure to future upside from the mine without operating it, strengthening the balance sheet.
The completed sale is a new capital event that improves AG's financial position.
New permits and drilling extend Santa Elena mine life First Majestic received permits to build the Santo Niño and Navidad portals at Santa Elena and will invest $12 million in 2026. Drilling shows high-grade silver and gold, which could add new mining areas and extend the mine's life, supporting future production growth.
Permits and drilling progress are new operational developments that underpin long-term supply growth.

July 202622 Jun – 31 Jul 2026

▲3▼1

Silver crash hits AG, but output growth and asset sale build value

Silver price collapse pressures revenue Silver fell below $60 an ounce, down over 50% from January's record high, driven by a stronger dollar and rising Treasury yields. This directly lowers the price First Majestic receives for its silver, squeezing revenue and profits, and is the main reason AG shares have dropped.
The silver price crash is the dominant force pushing AG's stock down this period.
Raised 2026 production guidance and larger capital plan First Majestic increased its 2026 production outlook after strong Q2 output and backed it with a US$318–344 million capital program, including the Jerritt Canyon restart and new underground access. More production means more silver and gold to sell, supporting future revenue even at lower prices.
Higher production guidance is a key company-specific catalyst that can offset lower silver prices.
Del Toro mine sale monetizes asset and gains equity stake First Majestic sold its Del Toro silver mine for up to US$60 million and now holds about 24.77% of Sierra Madre's shares. This brings in cash and gives AG exposure to future upside from the mine without operating it, strengthening the balance sheet.
The completed sale is a new capital event that improves AG's financial position.
New permits and drilling extend Santa Elena mine life First Majestic received permits to build the Santo Niño and Navidad portals at Santa Elena and will invest $12 million in 2026. Drilling shows high-grade silver and gold, which could add new mining areas and extend the mine's life, supporting future production growth.
Permits and drilling progress are new operational developments that underpin long-term supply growth.

Latest22 Jun – 31 Jul 2026

▲3▼1

Silver crash hits AG, but output growth and asset sale build value

Silver price collapse pressures revenue Silver fell below $60 an ounce, down over 50% from January's record high, driven by a stronger dollar and rising Treasury yields. This directly lowers the price First Majestic receives for its silver, squeezing revenue and profits, and is the main reason AG shares have dropped.
The silver price crash is the dominant force pushing AG's stock down this period.
Raised 2026 production guidance and larger capital plan First Majestic increased its 2026 production outlook after strong Q2 output and backed it with a US$318–344 million capital program, including the Jerritt Canyon restart and new underground access. More production means more silver and gold to sell, supporting future revenue even at lower prices.
Higher production guidance is a key company-specific catalyst that can offset lower silver prices.
Del Toro mine sale monetizes asset and gains equity stake First Majestic sold its Del Toro silver mine for up to US$60 million and now holds about 24.77% of Sierra Madre's shares. This brings in cash and gives AG exposure to future upside from the mine without operating it, strengthening the balance sheet.
The completed sale is a new capital event that improves AG's financial position.
New permits and drilling extend Santa Elena mine life First Majestic received permits to build the Santo Niño and Navidad portals at Santa Elena and will invest $12 million in 2026. Drilling shows high-grade silver and gold, which could add new mining areas and extend the mine's life, supporting future production growth.
Permits and drilling progress are new operational developments that underpin long-term supply growth.