On July 21, Zijin Gold International rose 3.83% in regular trading, trading at 99.75 HKD/share, with turnover of approximately 41.39 million HKD. The gold sector strengthened broadly, with Chifeng Gold up 4.77% and Zhaojin Mining up 3.14%.

On the news front, the company's approximately USD 4 billion all-cash acquisition of Canada-based United Gold has received regulatory approval from Ethiopian authorities, with the transaction closing window approaching. Upon completion, the company's global gold mine portfolio will expand to 12 mines across 12 countries, elevating its overseas gold resource base and production scale to the industry's top tier.

The stock had previously weakened on concerns over below-expectation earnings and gold price corrections. Multiple investment banks noted that Q2 profit declined 27% quarter-over-quarter with rising unit costs, and the first-half net profit of approximately USD 1.4 billion accounted for only about 38% of full-year market estimates. The M&A milestone has helped restore market sentiment and triggered a technical rebound.

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