Changes in Hong Kong stocks | Zhaojin Mining (01818) rose more than 11%, spot gold rose in a straight line and returned to $4,000, and the release of production capacity in the company's offshore gold mines can be expected

The Zhitong Finance App learned that Zhaojin Mining (01818) rose sharply in the afternoon. As of press time, it had risen 11.12% to HK$16.99, with a turnover of HK$304 million.

According to the news, spot gold rose in a straight line this afternoon, breaking the $4,000 per ounce mark. According to the latest “China Gold Demand Trend Report” released by the World Gold Council, in the third quarter of 2026, China's total demand for gold reached 192 tons, up 12% year on year and 23% month on month. Meanwhile, according to US media predictions, in the current US midterm elections, the Democratic Party will regain control of both houses of the US Congress, which means that the Trump administration's subsequent policy progress will be significantly restricted.

Huatai Securities pointed out that considering that gold prices are still strongly supported in the medium to long term, and the mine's operations are expected to improve after production resumes, maintaining a “buy” rating. According to the semi-annual report, drilling in the northern part of the Dayingezhuang mining area achieved a major breakthrough in regional prospecting, and completed the acquisition of prospecting rights in the periphery of Zhaojin Baiyun and obtained prospecting rights in the Wasunjia Prospecting Rights in Zhaoyuan City, Shandong Province. On the project side, the company obtained 8 key certification results in the first half of the year, including the expansion of mining rights at the Zaozigou Gold Mine; the design and selection scale of the offshore gold mine for the core incremental project is 12,000 tons/day, and the construction cycle is from August 2022 to August 2028, and is expected to be put into operation in 2028.