Movement Alert｜ZIJIN GOLD INTL falls 3.67% in Regular Trading, third-quarter profit softened sequentially and target price cuts weighed on sentiment

Market Focus10-23

On October 23, ZIJIN GOLD INTL fell 3.67% in Regular Trading, trading at HK$117.1, with turnover of HK$48.70 million.

The move was linked to recently disclosed third-quarter operating pressure and lowered sell-side expectations, which continued to weigh on gold miners.

Company disclosures showed first-nine-month attributable profit to owners of about US$2.015 billion, up 123% year on year, and revenue up 70%. However, third-quarter profit fell about 12% from the prior quarter as some mines faced equipment maintenance and geological changes that slowed production cadence, while all-in sustaining cost rose to US$1,649 per ounce. Recent market commentary also highlighted that a major bank cut its target price, adding pressure as the broader gold sector traded weaker, with peers including SD GOLD, CHINAGOLDINTL, ZHAOJIN MINING, LINGBAO GOLD and CHIFENG GOLD all falling.

(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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