Movement Alert|China Gold International Rises 5.49% in Regular Trading, Gold Returns Above $4000 Coupled with Jiama Mine Resource Expansion

Market Focus
8 hours ago

On July 3, China Gold International rose 5.49% in regular trading, trading at 147.0 HKD/share, with turnover of approximately 58.75 million HKD.

On the news front, the Federal Reserve's dovish stance pushed spot gold back above the $4,000 level, lifting the gold sector broadly. Simultaneously, the company previously announced the completion of a resource estimate update for its Tibet Jiama copper-gold polymetallic mine. Measured mineral resources surged from 100 million tonnes to 623 million tonnes, representing a 523% increase. Proven reserves grew 1,170%, with total reserves rising to 665 million tonnes. The updated measured resources carry an average grade of 0.69% Cu or 1.12% CuEq, reflecting high resource quality alongside the substantial volume expansion.

Within the Gold sector, peers rallied broadly. Zijin Gold International rose 11.56%, Chifeng Gold rose 10.47%, Lingbao Gold rose 10.32%, Zijin Mining rose 7.95%, and SD Gold rose 7.96%.

(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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