Movement Alert|ZIJIN GOLD INTL Rises 3.06% in Regular Trading, Gold Sector Recovery Combined with United Gold Acquisition Approaching Delivery

Market Focus07-29

On July 29, ZIJIN GOLD INTL rose 3.06% in regular trading, trading at 117.8 HKD/share, with turnover of HKD 397 million. The movement was driven by a broad gold sector recovery and the approaching completion of a major acquisition.

On the news front, the company's approximately USD 4 billion all-cash acquisition of Canadian United Gold has received Ethiopian regulatory approval, with the delivery window now imminent. Upon completion, the company's global gold mine portfolio will expand to 12 mines across 12 countries, with overseas gold resource volume and production scale expected to leap into the industry's top tier, providing fundamental support for the stock price.

Within the Gold sector, the overall sector showed strength. Among individual stocks, LINGBAO GOLD up 3.04%, ZHAOJIN MINING up 2.35%, SD GOLD up 1.75%, CHINAGOLDINTL up 1.51%, ZIJIN MINING up 1.23%.

(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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