On June 24, Shandong Gold Mining fell 3.31% in regular trading, trading at HKD 18.97/share, with turnover of HKD 46.0037 million. The decline came amid sustained selling pressure on international gold prices, with Shanghai gold breaking below 900 yuan/gram and spot gold touching the $4,110/oz support level.

On the macro front, US May CPI came in at 4.2% year-over-year, with hawkish Fed signals pushing the probability of a December rate hike to 72%. The US dollar surged to a one-year high, while rising Treasury yields continued to weigh on the valuation of non-yielding assets like gold. The precious metals sector saw broad-based losses, with A-share gold stocks recording steep declines in recent sessions.

Additionally, the company disclosed that Vice Chairman Liu Qin resigned on June 22 due to a work adjustment, as the controlling shareholder mandated that its leaders no longer concurrently hold positions in the listed company. The board has nominated Wang Chenglong as a candidate for non-independent director.

Within the Gold sector, Zijin Gold International fell 2.11%, Lingbao Gold fell 1.97%, and Zhaojin Mining fell 0.22%, while Zijin Mining edged up 0.34%.

(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.)