---
title: "Hong Kong Miners Gain Momentum: Key Updates on Zijin and Shandong Gold"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293316004.md"
description: "As the 2026 commodity supercycle advances, Hong Kong's metals sector shows strong momentum. Zijin Mining issued a positive half-year profit alert, while Shandong Gold maintains high operational efficiency, boosting institutional confidence in their cash flows."
datetime: "2026-07-21T09:12:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293316004.md)
  - [en](https://longbridge.com/en/news/293316004.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293316004.md)
generator: "portal-rs"
---

# Hong Kong Miners Gain Momentum: Key Updates on Zijin and Shandong Gold

Hong Kong's energy and metals sector is keeping its strong momentum this week. I'm told that as the 2026 commodity supercycle enters a new phase—driven by surging global demand for both safe-haven assets and industrial metals—multiple institutions are quietly raising their second-half expectations for top-tier miners. The sustained high prices of gold and copper are significantly improving these giants' free cash flows and leaving the door open for larger dividend payouts.

### Zijin Mining Group (2899.HK)

Zijin Mining has been trending higher recently, outperforming many peers this year. I'm told the company just released its positive profit alert for the first half of 2026. According to people familiar with the matter, this robust financial performance is largely driven by capacity ramp-ups at its core mines. The latest data shows its trailing 12-month EPS reached **HKD 2.62**, and it has already announced a cash dividend of **HKD 0.42**, signaling management's confidence in cash flows later this year.

### Shandong Gold Mining (1787.HK)

Shandong Gold also saw a recent intraday surge of over **3%**, riding the broader sector rally. I'm told the company is maintaining high operational efficiency in its core refining business. Its trailing 12-month EPS stands at **HKD 1.19**, with a forward dividend yield holding steady at roughly **2.23%**. Following recent gold price fluctuations, insiders are optimistic about hitting their full-year profitability targets for 2026.

### Also

-   **Resource ETFs**: Several core ETFs tracking Hong Kong's commodity sector have seen significant southbound capital inflows recently, and I expect further institutional rebalancing before the end of this week.

*This article does not constitute investment advice.*

### Related Stocks

- [02899.HK](https://longbridge.com/en/quote/02899.HK.md)
- [01787.HK](https://longbridge.com/en/quote/01787.HK.md)

## Related News & Research

- [Zijin Mining Group GAAP EPS of RMB1.435](https://longbridge.com/en/news/297007724.md)
- [Zijin Mining Delivers Strong Profit Surge in First Half of 2026](https://longbridge.com/en/news/296702519.md)
- [ZIJIN MINING  Interim Net Profit Up 68.2% YoY to RMB39.17B; Interim DPS RMB4.2 per 10 Shares](https://longbridge.com/en/news/296702271.md)
- [Zijin Mining H1 mined lithium output jumps 496% to 44,000 tonnes LCE](https://longbridge.com/en/news/297266391.md)
- [Shandong Gold Mining files board, board committee member list with disclosure duties](https://longbridge.com/en/news/296632657.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**