On August 17, ZHAOJIN MINING rose 3.09% in regular trading, trading at HK$23.36/share, with turnover of approximately HK$18.80 million.
The rise comes amid a broad gold sector rally and ahead of ZHAOJIN MINING's scheduled board meeting on August 21 to review its interim results for the first half of the year. Sector sentiment has been bolstered by China Gold International's strong H1 earnings released on August 14, which showed sales revenue of US$914.2 million (up 57.5% YoY), mine operating profit of US$620 million (up 124%), and net profit attributable to shareholders of approximately US$507 million (up 153.31%). Analysts have noted that gold price stabilization near US$4,000 per ounce, combined with sustained central bank buying, provides continued support for the sector.
Within the Gold sector, peers showed broad-based gains: ZIJIN GOLD INTL up 4.31%, LINGBAO GOLD up 3.83%, CHINAGOLDINTL up 3.45%, CHIFENG GOLD up 3.14%, and SD GOLD up 2.99%.
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