On October 30, ZHAOJIN MINING fell 3.38% in Regular Trading, trading at HK$15.45, with turnover of HK$170 million.
The move aligns with broader weakness in Hong Kong-listed gold miners after recent reports showed spot gold falling below the 4000 dollars per ounce threshold, pressuring sentiment across the sector.
Recent market coverage noted spot gold trading around 3987 to 3997 dollars per ounce after dropping to 3975.70 dollars, its lowest level since mid-July. In the same selloff, gold stocks broadly declined, including Lingbao Gold, Chifeng Gold, Zijin Mining, Shandong Gold, and China Gold International. Futures analysts said a high-rate environment has lifted the opportunity cost of holding non-yielding gold, while simultaneous strength in the US dollar and Treasuries has weighed on bullion prices.
The company last reported nine-month revenue of RMB13.51 billion, up 8.69%, while attributable net profit was RMB1.97 billion, down 6.98% year over year.
(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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