Movement Alert|Zhaojin Mining Falls 5.17% in Regular Trading, Gold Price Slump and Mine Shutdown Continue to Weigh

Market Focus06-30

On June 30, Zhaojin Mining fell 5.17% in regular trading, trading at 16.16 HKD/share, with turnover of approximately 20.17 million HKD.

On the news front, London spot gold continues to trade below $4,000/oz, retreating nearly 30% from its historical high earlier this year. Rising Fed rate hike expectations have pushed the US dollar and Treasury yields higher, while fading safe-haven premiums add further pressure to gold prices. At the company level, the main mines at the Zhaoyuan headquarters have remained shut since May 14 following a safety incident that killed three workers, with no resumption of production to date. The shutdown has reduced output by an estimated 20%-30% of first-quarter levels, placing sustained pressure on earnings expectations.

Within the Gold sector, the overall sector declined broadly. Among individual stocks, Zijin Mining down 3.47%, Zijin Gold International down 6.34%, Lingbao Gold down 6.10%, SD Gold down 4.70%, China Gold International down 3.82%.

(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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