China Gold International's stock plummeted 5.21% during intraday trading on Tuesday, as the gold mining sector continued its systematic retreat.

Despite the company reporting record-breaking first-quarter results last week, with revenue surging 66% year-on-year to $453.2 million and net profit reaching $236.4 million, broad sector selling pressure overwhelmed these positive fundamentals. The stock had initially opened higher on the earnings day but reversed sharply as the gold sector extended its pullback.

The decline reflects industry-wide selling pressure, with peers including Zijin Mining, Zhaojin Mining, and SD Gold also falling during the session. Total gold production for China Gold International declined 22% year-on-year to 34,820 ounces in Q1, which may have contributed to investor concerns despite the strong financial performance.