Movement Alert|ZHAOJIN MINING Falls 3.18% in Regular Trading, Gold Sector Under Broad Selling Pressure

Market Focus
10 hours ago

On September 10, ZHAOJIN MINING fell 3.18% in regular trading, trading at HKD 21.3, with turnover of approximately HKD 84.98 million.

The decline was primarily driven by broad weakness across the gold sector. Hawkish commentary recently catalyzed a sharp retreat in gold prices, with spot gold breaking below the USD 4,500/oz level, exerting sustained pressure on gold equities. Within the Gold sector, LINGBAO GOLD dropped 3.97%, SD GOLD fell 3.18%, CHINAGOLDINTL declined 2.03%, and CHIFENG GOLD slid 1.91%, reflecting pronounced sector-wide selling.

On the corporate front, ZHAOJIN MINING announced the issuance of up to RMB 1.2 billion in technology innovation perpetual corporate bonds, with a coupon rate range of 1.30%–2.30%, following the recent completion of a RMB 1 billion ultra-short-term financing note at a rate of 1.39%. The company reported solid H1 results, with revenue of RMB 9.02 billion, up 29.38% year-over-year, and gross margin improving to 48.18%, though near-term gold price volatility continues to dominate sector sentiment.

(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.)

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