On July 22, Zijin Gold International rose 3.79% in regular trading, trading at 112.9 HKD/share, with turnover of HKD 142 million. The gold sector rallied broadly on the same day, with Lingbao Gold up 7.44%, Chifeng Gold up 6.12%, and Zijin Mining up 4.31%.

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 closing window approaching. Upon completion, the company's global gold mine portfolio will expand to 12 mines across 12 countries, elevating its overseas gold resource volume and production scale to the industry's top tier.

The stock had previously weakened due to concerns over Q2 earnings declining 27% quarter-over-quarter and gold price pullback. Multiple brokerages including Bank of America and BOCI had flagged the below-expectation performance, with H1 profit of approximately USD 1.4 billion accounting for only 37-38% of full-year estimates. The M&A milestone progress combined with the sector recovery has lifted market sentiment.

(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.)