On August 7, ZIJIN GOLD INTL rose 3.27% in regular trading, trading at HK$135.6/share, with turnover of HK$530 million, extending its recent strong momentum following a 7.52% surge in the prior session.

On the news front, multiple positive factors continued to resonate. Gold prices remained firm above the US$4,100 level, while the Fed's decision to hold rates steady at its July meeting alleviated concerns over rate hikes pressuring precious metals. Additionally, the company recently terminated its approximately CA$5.5 billion full acquisition of Allied Gold and instead subscribed for a 9.2% stake via a CA$416.6 million private placement at CA$32.55 per share, locking in quality overseas gold mine interests at significantly lower capital cost. The market continued to react positively to this strategic pivot.

Sector peers also traded higher, with ZIJIN MINING up 2.38%, LINGBAO GOLD up 2.21%, CHINAGOLDINTL up 1.36%, SD GOLD up 0.63%, and ZHAOJIN MINING up 0.6%. The company is scheduled to release its interim results on August 14, with the market anticipating earnings upside driven by elevated gold prices.

(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.)