Movement Alert|Zhaojin Mining Falls 3.06% in Regular Trading, Gold Sector Selloff Deepens as Mine Suspension Drags On

Market Focus10:40

On June 26, Zhaojin Mining fell 3.06% in regular trading, trading at 16.04 HKD/share, with turnover of 69.91 million HKD.

On the news front, the company's main mines in Zhaoyuan have remained fully suspended since May 14 following a fatal safety incident that killed three workers, with lost output estimated at 20%-30% of Q1 production, continuing to weigh on earnings expectations. Meanwhile, spot gold has broken below the $4,000/oz psychological level, retreating nearly 30% from its historical high earlier this year. Strengthening Fed rate hike expectations have pushed up the US dollar and Treasury yields, while the signing of a US-Iran memorandum of understanding has eroded safe-haven premiums, shifting gold trading logic toward real interest rate pricing.

Within the Gold sector, broad-based selling pressure persists. Among peers, Zijin Mining down 2.5%, China Gold International down 5.84%, Zijin Gold International down 3.01%, SD Gold down 4.37%, and Lingbao Gold down 2.98%.

(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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