On July 22, Zhaojin Mining rose 3.34% in regular trading, trading at 20.92 HKD/share, with turnover of approximately 65.15 million HKD, extending the previous session's strong momentum.

On the news front, international gold prices stabilized around the $4,000 level, with spot gold fluctuating narrowly near this mark, providing price support for gold equities. China's gold reserves increased by 480,000 ounces at end-June, marking the 20th consecutive month of central bank gold accumulation. Goldman Sachs noted that central bank purchases are expected to provide floor support for gold, estimating May purchases at 81 metric tons with the three-month average at 67 metric tons, far exceeding the pre-2022 average of 17 metric tons.

Following a deep correction in the first half of the year, gold sector valuations have retreated significantly to low levels. Institutions suggest current gold mining company valuations offer attractive risk-reward profiles. Additionally, the company's Haiyu Gold Mine is expected to reach full production by 2028, contributing at least 15 tons of annual gold output, opening long-term growth potential.

(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.)