Movement Alert|Zhaojin Mining Falls 3.24% in Regular Trading, Gold Sector Broadly Weak Amid Fed Hawkish Stance and Ongoing Mine Shutdown

Market Focus06-22

On June 22, Zhaojin Mining fell 3.24% in regular trading, trading at 18.8 HKD/share, with turnover of approximately 41.29 million HKD.

The decline was driven by multiple headwinds. On the sector level, the gold industry came under broad-based selling pressure following the Fed's hawkish stance and the US-Iran memorandum of understanding that reduced safe-haven premiums. Gold trading logic has shifted from geopolitical risk pricing toward real interest rate dynamics. Peers including Lingbao Gold fell 6.22%, China Gold International dropped 4.90%, Zijin Mining declined 4.86%, and Shandong Gold lost 4.66%.

At the company level, Zhaojin Mining's core mines at its Zhaoyuan headquarters have remained shut since May 14 for safety inspections following a major accident at the Canchuang Gold Mine. The suspended production is estimated to account for 20%-30% of quarterly output, weighing on near-term earnings expectations. Additionally, elevated short-selling activity in prior sessions has continued to exert downward pressure on the stock.

(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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