On August 6, ZIJIN GOLD INTL rose 5.43% in regular trading, trading at 135.2 HKD/share, with turnover of HKD 350 million, extending the prior session's strong momentum.
The rally was supported by gold prices stabilizing above the $4,100/oz level, with the broader gold sector seeing widespread gains. Within the Gold sector, LINGBAO GOLD rose 7.89%, ZHAOJIN MINING rose 6.15%, SD GOLD rose 5.99%, CHINAGOLDINTL rose 3.7%, and ZIJIN MINING rose 2.78%.
On the company front, ZIJIN GOLD INTL recently terminated its approximately CA$5.5 billion full acquisition of Allied Gold Corporation after the deal failed to close by its July 29 deadline. Instead, the company agreed to subscribe for 12.8 million newly issued Allied Gold shares at CA$32.55 per share, totaling CA$416.6 million, securing a roughly 9.2% stake. Neither party will pay a termination fee. The market has reacted positively to this strategic pivot, which locks in quality overseas gold mining interests at significantly lower capital commitment while reducing execution risk.
(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.)