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ZHAOJIN MINING Tumbles ~7% as BOCI Says HQ Mine Suspension Casts Short-term Shadow
2026-05-15 14:17:26 ZHAOJIN MINING (01818.HK) opened 1.34% lower today, hitting a trough of HKD23.38. It last printed at HKD23.58, down 6.8%, with turnover of 38.4446 million shares, involving HKD930 million. In its report, BOCI mentioned about an accident at ZHAOJIN MINING's Jintingling gold mine, resulting in casualties. As this marked the second fatal accident within the past three months, the local government ordered the company to suspend operations at all mines under its Zhaoyuan HQ for inspection. The broker estimated that gold output from the Zhaoyuan HQ mines accounts for about half of the company's total production in 2026. If these mines remain suspended for an extended period, this would immensely weigh on its 2026 earnings. ~ AASTOCKS Financial News Website: www.aastocks.com | |