Shares of Zijin Mining surged 5.43% during intraday trading on Friday, significantly outperforming the broader market.

The sharp rise in the gold mining company's stock price is directly linked to a rebound in precious metal prices, driven by easing geopolitical tensions. Former U.S. President Donald Trump announced a reversal of his previous stance, stating that a planned "very severe" attack on Iran was canceled and that an agreement was largely finalized. This development spurred a rally in spot gold, which briefly climbed back above $4,200 per ounce.

The move led to a broad-based advance across the gold equities sector, with Zijin Mining among the key beneficiaries as investor sentiment toward gold-related assets improved sharply following the de-escalation of Middle East tensions.