On September 2, CHINAGOLDINTL fell 5.56% in regular trading, trading at 241.8 HKD/share, with turnover of approximately 38.47 million HKD. The decline accelerated from an opening loss of 3.68% as selling pressure intensified across the gold sector.

On the news front, spot gold slid to around $4,328/oz, hitting a two-week low after two consecutive sessions of sharp declines. Meanwhile, renewed escalation in US-Iran tensions drove international oil prices higher, reinforcing inflation expectations and forming a transmission chain of rising oil prices fueling inflation, intensifying rate hike expectations, and weighing on gold. The broader HK gold sector suffered across the board, with LINGBAO GOLD down 5.45%, SD GOLD down 4.67%, ZHAOJIN MINING down 4.16%, ZIJIN GOLD INTL down 3.97%, and CHIFENG GOLD down 3.53%.

On the fundamental side, CHINAGOLDINTL reported first-half net profit of approximately $507 million, up 153% year-over-year. Its CSH gold mine slope remediation plan has been approved with normal mining operations expected to resume by end of September, while the Jiama mine open-pit development plan targets daily processing capacity of approximately 160,000 tonnes, providing longer-term growth potential.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)