Movement Alert|Zhaojin Mining Rises 7.09% in Regular Trading, Gold Sector Rallies as Citi Raises Target Price and Central Bank Buying Persists

Market Focus06-15

On June 15, Zhaojin Mining (01818.HK) rose 7.09% in regular trading, trading at 21.56 HKD/share, with turnover of 167 million HKD.

On the news front, Citi recently raised its target price for Zhaojin Mining to 41.4 HKD, maintaining a \"buy\" rating based on expectations of gold price recovery. Meanwhile, the European Central Bank reported that gold's share in global official reserves rose to 27% by end of 2025, surpassing US Treasuries by 5 percentage points, underscoring the sustained global central bank gold-buying trend.

Additionally, the Haiyu Gold Mine, one of China's largest single gold deposits in which Zhaojin Mining holds a 70% stake, has achieved initial industrial production capability. Upon full commissioning, it is expected to produce approximately 15-20 tonnes of gold annually, providing significant production growth for the company.

Within the Gold sector, the overall sector rallied broadly. Among individual stocks, Zijin Gold International up 12.59%, Zijin Mining up 8.15%, Lingbao Gold up 7.93%, China Gold International up 7.52%, Chifeng Gold up 6.36%.

(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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