Movement Alert|Zhaojin Mining Rises 3.26% in Regular Trading, Zhaoyuan Mine Resumption and Gold Sector Recovery Boost Rebound

Market Focus05-22

On May 22, Zhaojin Mining rose 3.26% in regular trading, trading at 22.12 HKD/share, with trading volume of approximately HKD 83.15 million. The stock had previously declined over 30% from its highs due to a series of safety incidents and a management reshuffle.

On the news front, market sources indicate that production mines in the Zhaoyuan area — excluding the accident site (a construction project) — have confirmed resumption of operations. The actual production impact from the earlier shutdown is reportedly lower than expected, easing concerns over the company's full-year gold output targets. The subsidiary Jintingling Mining suffered an underground accident on May 13 causing 3 deaths and 2 injuries, which had triggered a region-wide production halt for safety inspections.

At the sector level, the gold sector recovered broadly, with Zijin Mining up 2.59%, Shandong Gold up 1.72%, and Chifeng Gold up 0.90%, generating sector-wide momentum that attracted capital inflows back into Zhaojin Mining shares.

(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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