On May 20, Zhaojin Mining fell 3.08% in regular trading, trading at 22.0 HKD/share, with trading volume of approximately 17.15 million HKD. The stock has continued its downward trend since mid-May.

On the news front, the company's wholly owned subsidiary Zhaoyuan Jintingling Mining suffered a fatal underground accident on May 13 causing 3 deaths and 2 injuries — the second fatal incident this year following a shaft accident in February that killed 7 workers. All production mines in the Zhaoyuan region have been ordered to cease operations for safety inspections. Meanwhile, on May 19, Chairman Jiang Guipeng resigned and Wang Leyi was appointed as the new Chairman, Executive Director, and President, adding management transition uncertainty.

Market concerns center on the direct impact of the shutdown on gold output, potential delays to expansion projects due to tightened regulatory scrutiny, and a persistent safety-risk valuation discount. The broader gold sector also traded weaker, with Zijin Mining down 3.23%, SD Gold down 2.65%, and Lingbao Gold down 3.17%, amplifying selling pressure.

(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.)