Zijin Mining's stock plummeted 5.03% during intraday trading on Thursday, extending losses in the gold mining sector.

The decline reflects continued profit-taking across the gold sector following last week's sharp rally driven by US-Iran negotiations in Doha. The broader gold sector saw widespread declines as investors locked in gains after the previous advance.

Despite S&P Global Ratings affirming Zijin Mining's BBB rating and raising its outlook to positive this week, the market remained focused on digesting prior gains. The stock's movement represents a continuation of the technical correction that began after it rallied over 5% earlier in the week.