On August 21, ZIJIN MINING rose 3.05% in regular trading, trading at HK$37.9/share, with turnover of HK$815 million. The stock gained on the back of robust interim results and a broad-based rally in gold mining stocks.

On the news front, the company disclosed its interim results on August 16, reporting gold production of approximately 27.3 tonnes in the first half, a 44% year-over-year increase. The average realized gold price reached US$4,643 per ounce, up 51% year-over-year. The company also declared its first-ever interim dividend of HK$1.50 per share. Morgan Stanley previously raised its H-share target price to HK$61 and designated the stock as its sector top pick, citing industry-leading production growth across copper, gold, and lithium.

Sector-wide, gold stocks rallied collectively, with Shandong Gold up over 3% and Zhaojin Mining up over 2%. Within the Diversified Metals & Mining sector, LYGEND RESOURCE rose 4.81%, JIAXIN INTL RES rose 4.15%, MMG rose 3.72%, and WANGUO GOLD GP rose 3.23%.

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