Gold

ZIJIN MINING

Zijin Longxing Delivers First Batch of Electric Dump Trucks to Julong Copper Mine, Achieving Commercialization

Zijin Mining to Hold Annual General Meeting on June 5, Proposes Dividend of 3.8 CNY per 10 Shares

HSBC Research Releases H-Share Copper Report: Zijin, CITIC, and Meiliyun Get Buy Ratings

Zijin Mining Reports Significant Q1 2026 Growth

Zijin Mining Plans to Expand Peru's La Arena Mine

Zijin Mining's Acquisition of Allied Gold Regulatory Approval Progressing, Targeted for Completion by May 29

Goldman Sachs Maintains Buy Rating on Zijin Mining, Adjusts Target Price

BOC International Cuts Zijin Mining Target Price to HKD 46.84

Goldman Sachs Maintains Buy Rating on Zijin Mining

JPMorgan 发表研究报告分析 Zijin Mining 业绩和评级

DBS Analyst Maintains Buy Rating on Zijin Mining

Company Sees Significant Growth in Core Financial Indicators and Improved Performance

Zijin Mining released FY2026 Q1 earnings on April 21 After-Market (BJT), actual revenue HKD 111.67 B (forecast HKD 127.09 B), actual EPS HKD 0.8344 (forecast HKD 0.9176)

Zijin Mining Completes RMB 2.5 Billion A-share Repurchase Program

ZIJIN MINING to Release FY2026 Q1 Earnings on April 21 After-Market (BJT), Forecast Revenue HKD 127.05 B, EPS HKD 0.9176

Zijin Mining repurchased 4.7 million A-shares

Zijin Mining Repurchased 5 Million A-Shares

Goldman Sachs Raises China Aluminum's Rating and Target Price

Zijin Mining repurchased 3.1 million A-shares for 101 million yuan

Zijin Mining repurchased 53.03 million shares in March

CENTURY GINWA

FAMEGLOW

LUEN THAI

NEW GONOW RV

TJCD

HAICHANG HLDG

CH DEMETER FIN

ZHONGSHENJIANYE

HUISHENG INTL

REF HOLDINGS

Ordinary dividend (cash)

Ex Date: 2026.06.09, Cash dividend 0.4322 HKD

600489

02899

601899

RING

G Sachs anticipates increased central bank gold purchases, potentially boosting gold prices before year-end. Rising energy costs and global inflation are currently pressuring gold prices, with spot gold at USD4,540.73 per ounce. The firm expects central banks to buy an average of 60 tonnes monthly, driven by geopolitical factors. However, G Sachs remains cautious about short-term gold price outlook, noting that gold may serve as a liquidity source amid equity sell-offs. Hong Kong-listed gold mining stocks fell, tracking the broader market decline.

AASTOCKS News

ZHONGJIN GOLD

Zijin Mining

Newmont

SD-GOLD

Gold.com

ZIJIN GOLD INTL

Kinross Gold

Agnico Eagle Mines

SPDR Gold Shares

EFUND GOLD MI ETF

VanEck Junior Gold Miners ETF

EFUND GOLD MI-R

ChinaAMC Gold ETF

Direxion Daily Gold Miners Bull 2X

Us Gbl GLD & Met

Direxion Daily Jr Gold Miners Bull 2X

VanEck Gold Miners ETF

GLOBAL X Gold Explorers

SPDR Gold Minishares

Roundhill Gold Miners Weeklypay ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

iShares MSCI Global Gold Miners

Abrdn Gold ETF Trust

YieldMax Gold Miners Opt Inc Strgy ETF

EFUND GOLD MI-U

Sprott JR Gold Miners ETF

Pro Ultr GLD

Sprott GLD Miners Etf

iShares Gold Trust

Microsectors Gold Miners 3x Leveraged ETN

Goldman Sachs

ZHAOJIN MINING

SD GOLD

LINGBAO GOLD

CHINAGOLDINTL

GS Hldg R

LINGBAOGOLD-1K

China Gold

G Sachs: Central Bank Buying Power Expected to Lift Gold Prices Before Year-End

00358

01258

600362

561330

159881

512400

HSBC Research reports that Chinese copper stocks have underperformed despite a significant rise in copper prices, driven by supply concerns. The firm raised the target price for CHINFMINING to HKD18.6, citing strong demand and favorable fundamentals. It views current market concerns as overstated, presenting a buying opportunity. MMG is highlighted for its earnings sensitivity to copper prices, while ZIJIN MINING's earnings are less sensitive due to gold contributions. A Hold rating is maintained for JIANGXI COPPER due to its valuation and contract limitations.

JIANGXI COPPER

CHINFMINING

JCCL

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

HSBC Research: Chinese Copper Stocks Lag Copper Price Rally Present Buying Opportunity; CHINFMINING  TP Raised to HKD18.6

India has imposed stricter rules on duty-free gold imports, limiting the quota to 100 kilograms per license to alleviate pressure on foreign exchange reserves amid rising oil prices. Import tariffs on gold and silver have increased from 6% to 15%. Spot gold prices fell by 0.81%, while ZIJIN MINING shares dropped over 3%. Other Hong Kong-listed gold mining stocks also experienced declines.

Direxion Daily Gold Miners Bear 2X

Direxion Daily Jr Gold Miners Bear 2X

India Restricts Duty-free Gold Import Quota; Spot Gold Extends Decline; ZIJIN MINING  Slumps Over 3%

02099

517520

Yesterday's closing saw a significant increase in trading activity for CHINAGOLDINTL, with a total transaction amount of HKD 287 million, markedly higher than the previous average daily level. The stock price has been continuously rising along the short-term moving averages, with the 5-day and 10-day moving averages showing an upward divergence, solidifying the bullish arrangement. The MACD daily signal confirms that bullish momentum is gathering, with significant signs of buying interest returning, and the initial momentum for confirming the short-term trend is strengthening, with the pace of capital entering the market accelerating. The news front provides strong support for the stock. According to the latest market information, the copper price on the London Metal Exchange has continued its eight-day rise, reaching USD 14,196.50 per ton, approaching the historical high from January; gold has slightly retreated by 0.3% but remains at a high of about USD 4,700 per ounce, while Brent crude oil stays above USD 106 per barrel. The overall strength in commodities provides solid profit expectation support for mining stocks. As CHINAGOLDINTL possesses both gold and copper mining resources, it has the potential for valuation recovery driven by the dual momentum of gold and copper, and market attention to its earnings elasticity continues to rise. From a technical perspective, the current stock price has stabilized above the short-term moving averages, with good recent volume support. If copper and gold prices maintain high levels today, it is expected that the capital chase for resource sectors will continue. It is important to note that when commodity price fluctuations increase, the intraday volatility of related stocks will also correspondingly expand. Meanwhile, ZIJIN MINING (2899.HK) rose by 0.99% today, and Luoyang Molybdenum (3993.HK) increased by 1.89%, showing a clear sector linkage effect

Technical Forecast

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

CMOC

Pre-market trend | CHINAGOLDINTL (2099.HK) on 5/13, capital inflow, is the main upward wave coming under the resonance of copper and gold?

Zijin Mining Group Co. has proposed a 2026 Employee Stock Ownership Plan funded by repurchased A shares, avoiding new equity issuance. The plan complies with Chinese regulations and Hong Kong listing requirements, granting units to all participating employees, including executives. Their participation is considered connected transactions but remains below the threshold for shareholder approval. The scheme requires shareholder approval at the upcoming annual general meeting. Analysts rate the stock as a Buy with a target price of HK$55.00. Zijin Mining focuses on mining and processing mineral resources, primarily gold and copper.

Tip Ranks

Zijin Mining Proposes 2026 Employee Stock Ownership Plan Using Repurchased A Shares

603993

Yesterday, China Nonferrous Mining's stock price surged by 4.46%, with a trading volume reaching HKD 260 million, clearly indicating a pattern of rising volume and price. The MACD daily bullish signal has strengthened, and short-term momentum indicators are diverging upwards, which is typically interpreted by the market as a precursor to the initiation of a phase of main upward trend. On the market, the stock opened high and maintained a strong performance throughout the day, with no significant profit-taking observed at the close, highlighting the characteristics of bullish control. On the news front, the recent continuous rise in copper prices has become the biggest driving force. Zijin Mining rose by 2.31% yesterday, MMG surged by 7.32%, and CMOC increased by 2.61%, with the non-ferrous metal sector showing strong performance across the board, creating a powerful linkage effect. Although the news of the U.S. and Iran nearing a ceasefire memorandum has temporarily suppressed oil prices, industrial metals like copper benefit more from the global manufacturing recovery expectations and the long-term demand growth brought about by the energy transition. At the same time, China's steady growth policies continue to be reinforced, with infrastructure and power grid investments providing rigid support for copper demand. Resource stocks are being favored by funds outside of technology-focused stock selection funds during the ceasefire market. On the technical side, the current 5-day moving average is accelerating upwards, forming a bullish arrangement diverging upwards from the 10-day moving average, with the stock price effectively breaking through the recent consolidation platform. Trading volume has expanded to more than 1.5 times the average trading volume of the past 5 days, indicating a stronger influx of funds than typical rebounds. Within the sector, MMG and Zijin Mining are both strengthening simultaneously, forming a collective breakthrough in the copper mining sector. The short-term trend is biased towards bullish, with good alignment of volume and price, and clear sector resonance

Yinhua CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Pre-market trend | CHINFMINING (1258.HK) surged over 4% on May 7, are resource stocks back in action?

BYDDY

BYDDF

002594

Chinese mainland-listed firms achieved a record 17% of their revenue from overseas markets in 2025, totaling nearly CNY12.4 trillion (USD1.8 trillion). This growth is attributed to the slowing domestic market and strategies encouraging global expansion. The electronics sector led overseas revenue, surpassing CNY2 trillion, while companies like China National Petroleum Corporation and Foxconn Industrial Internet reported significant overseas earnings. Notably, BYD and Zijin Mining also saw substantial increases in their foreign income, reflecting a trend of diversification and higher margins in less saturated markets.

- As of May 6, 2026, overseas revenue for publicly listed Chinese companies reached a historical high, accounting for nearly 17% of total income, despite slowing domestic growth.  
- These companies reported overseas earnings of approximately 12.4 trillion yuan (1.8 trillion USD), driven by the "going out" strategy and the "China Plus One" policy aiming for diversification.  
- The electronics sector led in overseas revenue, while companies like China National Petroleum and BYD recorded significant gains, indicating increased profitability potential in international markets.

Yicai

BYD Company

BYD Company Limited

BYD COMPANY

Chinese Mainland-Listed Firms Earn Record 17% of Revenue From Overseas in 2025

HSBC

HSBA

02888

The HSI closed up 315 points at 26,213, buoyed by hopes for a US-Iran agreement and strong performances in the banking and semiconductor sectors. HSBC and Standard Chartered saw gains of 3.3% and 4.9%, respectively. Chip stocks surged, with notable increases from CAMBRICON and SMIC. Gold miners also performed well, with SD GOLD and ZIJIN GOLD INTL rising over 7%. Total market turnover reached HKD304.737 billion, reflecting robust trading activity in Hong Kong equities.

ZIJIN MINING(02899.HK)

G Sachs: Central Bank Buying Power Expected to Lift Gold Prices Before Year-End

HSBC Research: Chinese Copper Stocks Lag Copper Price Rally Present Buying Opportunity; CHINFMINING TP Raised to HKD18.6

India Restricts Duty-free Gold Import Quota; Spot Gold Extends Decline; ZIJIN MINING Slumps Over 3%

Pre-market trend | CHINAGOLDINTL (2099.HK) on 5/13, capital inflow, is the main upward wave coming under the resonance of copper and gold?

Zijin Mining Proposes 2026 Employee Stock Ownership Plan Using Repurchased A Shares

Pre-market trend | CHINFMINING (1258.HK) surged over 4% on May 7, are resource stocks back in action?

Chinese Mainland-Listed Firms Earn Record 17% of Revenue From Overseas in 2025

HSI Ends Up 315 pts as HSBC Rebounds; Gold Miners Spike

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