ZHAOJIN MINING (01818) jumped more than 6% during trading, reaching a high of HK$24.5 and hitting a new record. As of press time, the stock was up 5.81% to HK$24.42, with trading volume of HK$339 million.

ZHAOJIN MINING previously released its interim results. In the first half of the year, the company achieved revenue of 6.973 billion yuan, a robust increase of 50.69% year-on-year, while net profit attributable to shareholders surged 160.44% to 1.44 billion yuan. The excellent first-half performance was primarily driven by rising gold prices. According to Wind data, the average gold price in the first half of this year increased 38.9% year-on-year to 724.29 yuan per gram.

Securities analysts noted that ZHAOJIN MINING holds a 70% stake in the Sea Area Gold Mine, which has now fully entered a rapid construction phase with the project progressing in an orderly manner. As of the first half of 2025, the 12,000 tons per day mineral processing system has successfully completed water testing and initially possesses industrial production capacity. When fully operational, it can contribute an annual gold output of 15-20 tons. According to the feasibility study report, the all-in cost per gram of gold is only 120 yuan, demonstrating superior profitability. As Asia's largest single gold mine, the Sea Area Gold Mine holds promising development prospects for the future.