Movement Alert|Zhaojin Mining Falls 5.53% in Regular Trading, US Non-Farm Data Beats Expectations While Mine Shutdown Compounds Pressure on Gold Sector

Market Focus06-10

On June 10, Zhaojin Mining fell 5.53% in regular trading, trading at HK$18.19/share, with trading volume of HK$52.414 million.

On the news front, US May non-farm payrolls surged to 172,000, far exceeding market expectations of 85,000. The data significantly boosted market pricing for a 25-basis-point Fed rate hike within the year, while spot gold broke below $4,400, intensifying selling pressure across the precious metals sector.

At the company level, Zhaojin Mining's core mines at its Zhaoyuan headquarters have been under full safety shutdown since May 14 following a cage-fall accident at Canchuang Gold Mine that killed seven workers. The inspection covers key assets including Xiadian, Dayingezhuang, Canchuang, and Jintingling mines, with short-term production losses further weighing on the stock.

Within the Gold sector, the broad decline persists. Among peers, Zijin Mining down 1.89%, Zijin Gold International down 4.33%, Chifeng Gold down 3.77%, SD Gold down 3.99%, and Lingbao Gold down 3.76%.

(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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