On May 28, Zijin Mining fell 3.1% in regular trading, trading at 33.18 HKD/share, with trading volume of 234 million HKD. The gold sector continued to weaken for a second straight session as funds locked in gains following last week's sharp rally driven by US-Iran negotiations in Doha.

The broader gold sector saw widespread declines, with Lingbao Gold down 6.39%, Chifeng Gold down 4.63%, Zijin Gold International down 4.26%, Zhaojin Mining down 3.92%, and China Gold International down 3.37%. Spot gold had previously surged 1.4% to 4,570 USD/oz as prospects of the Strait of Hormuz reopening crushed oil prices and weakened the US dollar, but subsequent sessions saw aggressive profit-taking across the board.

Despite S&P Global Ratings this week affirming Zijin Mining's BBB rating and raising the outlook to positive, citing expectations of rising output and a debt-to-EBITDA ratio declining to 0.9-1.0x, the market remained focused on digesting prior gains. The stock had rallied over 5% on May 26 before retreating approximately 3.1% on May 27, and today's decline represents a continuation of that technical correction.

(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.)