On July 9, Zhaojin Mining fell 3.51% in regular trading, trading at 18.1 HKD/share, with turnover of approximately 21.67 million HKD. The gold sector extended its recent pullback trend.

On the news front, international gold prices had briefly approached the $4,200 per ounce level on July 3 before retreating continuously, putting significant pressure on the sector. Within the gold industry, the broader sector weakened notably, with Chifeng Gold down 3.71%, Zijin Gold International down 3.84%, Shandong Gold down 2.74%, Lingbao Gold down 2.89%, and Zijin Mining down 0.61%.

Despite the near-term correction, Citi previously raised its target price for Zhaojin Mining to 41.4 HKD, maintaining a Buy rating, citing expected production growth driven by the company's offshore gold mine commissioning. The offshore gold mine is expected to begin production by the end of 2027, potentially achieving at least 15 tonnes of annual gold output at full capacity.

(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.)