On August 20, ZIJIN MINING rose 4.64% in regular trading, trading at HK$37.1/share, with turnover of HK$507 million, rebounding sharply from the previous session's 3.15% decline.

On the news front, the company disclosed its interim results on August 16 showing gold production of approximately 27.3 tonnes in H1, up 44% year-over-year, with an average realized gold price of US$4,643/ounce, representing a 51% increase. The company also declared its first-ever interim dividend of HK$1.50 per share. Morgan Stanley recently raised its H-share target price to HK$61 and named ZIJIN MINING its top sector pick, while JPMorgan maintained its preferred rating with its H-share long position at 14.01%.

Within the Diversified Metals and Mining sector, the overall sector strengthened. Among individual stocks, WANGUO GOLD GP up 8.6%, CMOC up 4.73%, MMG up 2.64%, LYGEND RESOURCE up 3.49%, JIAXIN INTL RES up 2.15%. The rebound was driven by institutional bullish consensus and sector-wide recovery following concentrated profit-taking in the prior session.

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