Understanding the Market | ZHAOJIN MINING rose over 13% during trading as tightening expectations cooled and international gold prices rebounded. Offshore gold mines will become the company's new growth engine

Zhitong
2026.07.03 06:32

ZHAOJIN MINING's intraday increase exceeded 13%. As of the time of writing, it rose 10.12%, trading at HKD 19.15, with a transaction volume of HKD 507 million. In terms of news, the U.S. non-farm payrolls fell short of expectations, coupled with comments from Waller that leaned dovish, leading to a sharp decline in the Federal Reserve's interest rate hike expectations, with international gold prices once approaching the USD 4,200 mark. China International Capital Corporation believes that employment and consumption pressures, along with the expanding financing needs of the U.S. AI economy, may make it difficult for the Federal Reserve to substantively shift to a hawkish stance, suggesting that monetary policy may be "hawkish in name but dovish in nature." The firm pointed out that gold may currently be overpricing interest rate hike expectations. First Shanghai previously released a research report stating that the Haiyu Gold Mine, as the largest single gold mine in China, has extremely superior resource endowments, with proven gold reserves exceeding 560 tons and an average grade of 4.20 grams/ton, making it a rare super-large gold mine in the country. The Haiyu Gold Mine is expected to commence production by the end of 2027, with a projected annual output of at least 15 tons of gold after reaching full capacity. Due to the scale effect and high-grade characteristics of the Haiyu Gold Mine, its comprehensive cost per gram of gold after reaching full capacity is expected to be at an extremely low level within the industry, providing strong market competitiveness and serving as the core engine for ZHAOJIN MINING's future leapfrog development

According to Zhitong Finance APP, ZHAOJIN MINING (01818) rose over 13% during the session, and as of the time of publication, it was up 10.12%, trading at HKD 19.15, with a transaction volume of HKD 507 million.

On the news front, the U.S. non-farm payrolls fell short of expectations, coupled with comments from Waller that leaned dovish, leading to a sharp decline in the Federal Reserve's interest rate hike expectations, with international gold prices nearing the USD 4,200 mark. China International Capital Corporation believes that employment and consumption pressures, along with the expanding financing needs of the U.S. AI economy, may make it difficult for the Federal Reserve to substantively shift to a hawkish stance, suggesting that monetary policy may be "hawkish in name but dovish in practice." The firm pointed out that gold may currently be overpricing interest rate hike expectations.

First Shanghai previously released a research report stating that the Haiyu Gold Mine, as the largest single gold mine in China, has extremely superior resource endowments, with proven gold reserves exceeding 560 tons and an average grade of 4.20 grams per ton, making it a rare super-large gold mine in the country. The Haiyu Gold Mine is expected to commence production by the end of 2027, with a projected annual output of at least 15 tons of gold once fully operational. Due to the scale effect and high-grade characteristics of the Haiyu Gold Mine, it is expected that its comprehensive cost per gram of gold will be at an extremely low level within the industry, providing strong market competitiveness and serving as the core engine for ZHAOJIN MINING's future leapfrog development

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