On August 10, ZIJIN GOLD INTL rose 3.5% in regular trading, trading at 141.9 HKD/share, with turnover of HKD 299 million, extending its recent strong momentum.

On the news front, multiple positive catalysts are converging. International gold prices remain firm above USD 4,100, lifting sentiment across the gold sector. Meanwhile, the company recently terminated its approximately CAD 5.5 billion full acquisition of Allied Gold and instead subscribed for 12.8 million newly issued Allied Gold shares at CAD 32.55 per share for a total of CAD 416.6 million, securing a 9.2% stake at significantly lower capital cost. The market has responded positively to this strategic pivot toward lighter-commitment overseas gold asset exposure.

Additionally, the company is set to release interim results on August 14, with funds appearing to position ahead of the announcement amid expectations of strong earnings leverage from elevated gold prices. Within the gold sector, ZHAOJIN MINING rose 4.01%, SD GOLD rose 3.23%, and CHIFENG GOLD gained 2.51%.

(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.)