Chifeng Gold's stock plummeted 5.15% during intraday trading on Monday, reflecting significant selling pressure.
The decline comes amid broad weakness across the gold mining sector and continued investor concern over the company's recently reported Q1 results. Chifeng Gold's Q1 gold production fell 10.7% year-over-year, weighed down by declining ore grades and rising costs. While revenue and net profit grew, analysts noted that cost pressures were more pronounced than peers, reflecting company-specific operational headwinds.
Within the gold sector, all major peers posted significant losses, indicating sector-wide selling pressure.
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