Gold(IN20328.HK)

Zijin Mining and Jinduicheng Molybdenum Form Partnership for Shapinggou Molybdenum Mine

Zijin Mining Group has partnered with Jinduicheng Molybdenum to develop the Shapinggou Molybdenum Mine in Anhui Province. The agreement includes a 24% equity transfer of Jinsha Molybdenum for RMB 1.73087 billion, with Jinduicheng leading the construction of a new Smelting Company. Post-transaction, Zijin will hold 60% of Jinsha Molybdenum, Jinduicheng 34%, and Jinzhai Urban Development 6%. The agreement is contingent on Jinduicheng's timely establishment of the Smelting Company.

The precious metals sector fluctuated and strengthened, with Sichuan Gold hitting the daily limit, followed by Chifeng Gold, Hunan Silver, Zhaojin Mining, SD GOLD, SJI, and Shengda Resources rising

Morning Trend | CHINAGOLDINTL funds relay, is the breakthrough window really coming?

China Gold International (2099.HK) has recently seen a continuous increase in volume, repeatedly challenging key resistance levels during the trading session, indicating that short-term bulls are gradually building momentum. Technically, the MACD has formed a clear golden cross on the daily chart over the past two days, with the histogram turning from negative to positive, showing strengthened willingness from the main force to buy. The K-line arc bottom is gradually emerging, and the golden cross of the 5-day and 10-day moving averages has formed the first short-term support. From an intraday perspective, the main funds have continued to see net inflows in the afternoon, with foreign holdings slightly increasing, indicating a rise in short-term chasing enthusiasm. In terms of industry rotation, the gold sector is currently benefiting from the Federal Reserve's undecided interest rates and the rising global risk attributes. International gold prices have fluctuated, with funds embracing risk-averse logic continuously flowing into gold stocks, especially leading companies with solid fundamentals. China Gold International's latest quarterly report exceeded market expectations, with steady growth in production and sales providing fundamental support for the stock price. Recently, continuous increases in holdings by northbound funds have also conveyed positive signals. It is important to be cautious, as the daily chart has recorded consecutive gains in the short term, and some ultra-short cycle funds may face heightened risk of speculation. The key pressure level is near previous highs; if there is a subsequent volume breakout, it is expected to enter a new round of accelerated growth. However, if it encounters resistance and falls back, attention should still be paid to the support effects of the 5-day and 10-day moving averages. In terms of operations, it is recommended to focus on the right side, entering after confirming a volume breakout, and avoiding blind chasing of highs. Overall, China Gold International is in a breakthrough window period, and attention should be paid to the details of intraday funds and breakout signals

Zijin Mining Formalises Governance Rules for Nomination and Remuneration Committee

Zijin Mining Group Co. has formalized the terms of reference for its Nomination and Remuneration Committee, which will oversee the selection, evaluation, and compensation of directors and senior management. The committee will consist of six directors, with a majority being independent, and aims to enhance governance standards. The latest analyst rating for Zijin Mining (HK:2899) is a Hold, with a price target of HK$42.00. Zijin Mining is a major Chinese mining company focused on metals such as gold, copper, and zinc.

"Major Banks" Bank of America Securities' Investment Ratings and Target Prices for Gold Mining Stocks (Table)

Bank of America Securities released a research report listing investment ratings and target prices for gold mining stocks. Major stocks include: Zijin Mining buy, target price raised from 40 yuan to 50 yuan; CMOC buy, target price raised from 18.5 yuan to 26 yuan; JIANGXI COPPER buy, target price raised from 31 yuan to 54 yuan; SD GOLD buy, target price raised from 44 yuan to 49 yuan; ZHAOJIN MINING buy, target price raised from 38 yuan to 43 yuan, etc