Movement Alert|China Gold International Rises 3.21% in Regular Trading, Gold Prices Hold Above $4000 and Jiama Mine Resource Expansion Continues to Catalyze

Market Focus07-06

On July 6, China Gold International rose 3.21% in regular trading, trading at 149.0 HKD/share, with turnover of approximately 45.12 million HKD.

On the news front, spot gold has maintained its position above $4000 following a recent rebound, providing sustained support to the gold sector. Additionally, the company previously announced that its Jiama copper polymetallic mine in Tibet completed a resource update, with indicated mineral resources increasing from 100 million tonnes to 623 million tonnes, representing a 523% increase. Proven reserves surged by 1,170%, with total reserves reaching 665 million tonnes. The updated indicated resources carry an average grade of 0.69% Cu or 1.12% CuEq, reflecting superior resource quality and continued release of fundamental catalysts.

Within the Gold sector, peers moved in tandem: Zijin Mining up 2.99%, Zijin Gold International up 3.07%, Zhaojin Mining up 2.19%, and Lingbao Gold up 0.63%.

(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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