On July 9, Zijin Mining fell 3.23% in regular trading, trading at HK$28.76/share, with turnover of HK$529 million. On the news front, international gold prices have been continuously weakening, with spot gold losing support near the US$4,450 platform, as market sentiment turned pessimistic on gold's short-term trajectory.

The gold sector where Zijin Mining belongs suffered broad-based declines far exceeding the broader market. Among sector peers, Zijin Gold International fell 7.77%, Lingbao Gold fell 8.01%, Shandong Gold fell 6.85%, China Gold International fell 6.51%, and Chifeng Gold fell 6.56%. Citi previously initiated coverage on Zijin Mining with a Buy rating and a target price of HK$51.8, projecting first-half earnings growth exceeding 70% year-over-year. However, short-term gold price correction pressure continues to dominate market sentiment, overriding the positive fundamental outlook.

(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.)