On August 26, ZIJIN GOLD INTL rose 3.2% in regular trading, trading at HK$163.7/share, with turnover of HK$239 million.
On the news front, parent company Zijin Mining previously disclosed its interim results, reporting H1 net profit attributable to shareholders of RMB 39.17 billion, up 68.17% year-over-year, with gold business gross profit accounting for 41.7% of group total and mineral gold output of 46.70 tonnes, up 13.4% YoY. ZIJIN GOLD INTL itself reported H1 profit attributable to owners of US$1.451 billion, surging 179% YoY, with revenue doubling to US$3.99 billion. The company also declared its first-ever interim dividend of HK$1.50 per share since listing. Citi recently initiated coverage with a Buy rating and a target price of HK$178. The gold sector performed strongly overall, with China Gold International up 5.23%, Lingbao Gold up 3.46%, Chifeng Gold up 2.01%, and Zhaojin Mining up 1.77%.
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