On June 11, Zijin Mining fell 3.03% in regular trading, trading at HK$28.8 per share, with trading volume of HK$566 million. The decline came amid a convergence of negative catalysts weighing on the stock.

On the news front, international gold prices broke below the $4,300/oz level for the first time since March, pressuring the entire precious metals sector. Meanwhile, the Ebola outbreak in the Democratic Republic of Congo has reached 550 confirmed cases and 101 deaths, raising concerns over Zijin's Congo operations, which account for approximately 27% of the company's total copper output. Additionally, the DRC government recently designated lithium and other minerals as strategic resources, raising royalty rates from 3.5% to 10% on gross revenue. This policy change is estimated to add approximately $65 million in annual royalty costs to Zijin's Manono lithium project, significantly compressing profit margins. The company stated its Congo projects are currently operating normally with pandemic contingency plans in place. Within the Gold sector, ZIJIN GOLD INTL fell 1.36%, LINGBAO GOLD fell 1.60%, CHINAGOLDINTL fell 1.61%, ZHAOJIN MINING fell 0.43%, and CHIFENG GOLD fell 0.32%.

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