Movement Alert｜ZIJIN GOLD INTL Falls 7.08% in Regular Trading, Rising Costs and Broad Gold Sector Weakness Weigh on Shares

Market Focus10-20

On October 20, ZIJIN GOLD INTL fell 7.08% in Regular Trading, trading at HK$137.6, with turnover of HK$102 million.

The move coincided with the company’s latest nine-month update showing strong profit growth but higher all-in sustaining costs, while gold miners broadly traded lower on the day.

The company recently reported unaudited results for the first nine months ended September 30, with attributable profit to owners of the parent rising 123% year over year to $2.015 billion, revenue up about 70%, and mined gold output reaching about 41 tonnes, up about 28%. However, all-in sustaining costs increased to $1,649 per ounce, and the company also said some mines saw a slightly slower third-quarter production pace due to equipment maintenance and changing geological conditions. Sector sentiment was also weak, with SD GOLD, LINGBAO GOLD, CHINAGOLDINTL, ZHAOJIN MINING, 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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