Movement Alert|ZHAOJIN MINING Falls 4.19% in Regular Trading, Gold Sector Under Pressure for Second Straight Day as Gold Price Breaks Below Key Support

Market Focus
Sep 11

On September 11, ZHAOJIN MINING fell 4.19% in regular trading, trading at 20.78 HKD/share, with turnover of 48.39 million HKD. The stock extended its decline after dropping 3.18% in the prior session, as the gold sector weakened collectively for a second consecutive day.

On the news front, spot gold prices broke below the 4,500 USD/oz level following stronger-than-expected U.S. August non-farm payroll data, which fueled expectations for further rate hikes and triggered broad-based selling across precious metals equities. Within the Gold sector, China Gold International fell 5.39%, Zijin Gold International fell 4.14%, SD Gold fell 3.80%, Chifeng Gold fell 1.93%, and Lingbao Gold fell 1.37%, reflecting significant sector-wide linkage.

On the fundamental side, ZHAOJIN MINING reported H1 revenue of 9.02 billion yuan, up 29.38% year-over-year, with gross margin improving to 48.18%. However, the company disclosed that affected mines remain in shutdown status, with production capacity expansion stalled and operational pressure persisting. Additionally, the company recently announced the issuance of up to 1.2 billion yuan in renewable corporate bonds to optimize its financing structure.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10