Movement Alert|ZIJIN GOLD INTL Rises 4.78% in Regular Trading, Acquisition of United Gold Nears Completion as Gold Sector Recovers

Market Focus
Jul 27

On July 27, ZIJIN GOLD INTL rose 4.78% in regular trading, trading at 118.7 HKD/share, with turnover of HKD 58.04 million.

On the news front, the company's approximately USD 4 billion all-cash acquisition of Canadian United Gold Company recently received approval from Ethiopian regulatory authorities, with the transaction closing window approaching. Upon completion, the company's global gold mine portfolio will expand to 12 mines across 12 countries, with overseas gold resource volume and production scale expected to leap into the industry's first tier.

Meanwhile, the gold sector posted broad-based gains, with ZIJIN MINING up 1.48%, LINGBAO GOLD up 2.84%, CHIFENG GOLD up 1.28%, ZHAOJIN MINING up 1.77%, and CHINAGOLDINTL up 3.70%, providing further support for the stock price. International spot gold had previously stabilized above USD 4,000, and institutional views suggest that central bank buying is expected to provide floor support for 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.)

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