---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43151456.md"
description: "$CHIFENG GOLD(06693.HK) barely moved, $Newmont(NEM.US) dipped slightly. The revenue for both is directly tied to gold prices; theoretically, they should rise and fall together, but in reality, there's a divergence. Hong Kong-listed gold miners are more closely aligned with domestic capital's pricing of safe-haven assets, while large US-based mining companies still carry the burden of mine costs and production guidance. With the same gold price, why is there such a big difference in how miners on both sides react? Is it due to divergences in cost structures, or is capital simply shifting markets to hold gold? 😳"
datetime: "2026-08-03T09:25:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43151456.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43151456.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43151456.md)
author: "[划水的anthropos](https://longbridge.com/en/profiles/27713104.md)"
---

# $CHIFENG GOLD(06693.HK) barely moved, $Newmont(NEM…


### Related Stocks

- [06693.HK](https://longbridge.com/en/quote/06693.HK.md)
- [600988.CN](https://longbridge.com/en/quote/600988.CN.md)
- [NEM.US](https://longbridge.com/en/quote/NEM.US.md)