On June 25, Zhaojin Mining fell 3.89% in regular trading, trading at 17.14 HKD/share, with turnover of 9.5051 million HKD. The decline reflects continued dual headwinds from a sector-wide gold selloff and company-specific production disruptions.
On the company front, Zhaojin's flagship mines in Zhaoyuan have been fully shut down since May 14 for safety inspections following a major accident at the Canzhuang gold mine. The shutdown is estimated to reduce output by approximately 20%-30% of first-quarter production levels, placing significant pressure on near-term earnings expectations. Short-selling activity on the stock has also been notably elevated in recent sessions.
On the macro front, rising Fed rate hike expectations have pushed up the US dollar and Treasury yields, directly weighing on non-yielding gold. International gold prices have broken below the key $4,200/oz support level following the signing of a US-Iran memorandum that diminished safe-haven premiums. The gold trading logic has shifted from geopolitical risk pricing toward real interest rate dynamics, sustaining broad sector selling pressure. Within the Gold sector, ZIJIN GOLD INTL fell 5.4%, SD GOLD fell 5.48%, LINGBAO GOLD fell 6.37%, ZIJIN MINING fell 4.21%, and CHIFENG GOLD fell 4.14%.
(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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