• Shares of Tongguan Gold Group climb 3.1% to HK$2.855, their highest level since May 12 and extending gains to a fourth straight session

• HK-listed gold miner, with current market value of $1.94 billion, expects first-half net profit to rise 49%-55% y/y to HK$510 million-HK$530 million ($65.01 million-$67.56 million), thanks to higher selling price of its products

• Excluding impact of one-off tax expense, adjusted profit attributable is expected to jump 76%-82% to HK$605 million-HK$625 million

• YTD, stock up 2%, benchmark Hang Seng Index up 1%

($1 = 7.8451 Hong Kong dollars)

(Reporting by Donny Kwok)