On September 25, SD GOLD fell 4.73% in regular trading, trading at 19.59 HKD/share, with turnover of 9.89 million HKD. The decline was driven by a significant downward revision to the company's full-year gold production target, compounded by macro headwinds weighing on the broader gold sector.
On September 24, the company announced that its board approved an adjustment to its annual gold production target from \"not less than 49 metric tons\" to \"36 to 38 metric tons,\" representing a reduction of approximately 11 to 13 metric tons compared to the prior year's actual output of 48.89 metric tons — a cut exceeding 20%. The company cited that ongoing project construction has reduced active mining faces, materially impacting production capacity. Separately, BlackRock disclosed a reduction of its H-share holdings by 3.71 million shares via an off-exchange transaction, bringing its long position ratio down to 5.67% from 6.05%, adding to institutional outflow concerns.
At the macro level, the U.S. dollar index recently surged to an eight-week high near 101, while 10-year Treasury yields remained elevated. Rising real interest rates and hawkish Fed rate hike signals have pushed spot gold down to around $4,242, dragging the broader gold sector lower. Within the Gold sector, ZIJIN GOLD INTL fell 1.2%, CHINAGOLDINTL fell 1.16%, and ZHAOJIN MINING fell 1.62%.
(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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