截至发稿， 潼关黄金(00340.HK)跌6.05%、 招金矿业(01818.HK)跌4.76%、 赤峰黄金(06693.HK) 跌 4.33%、 山东黄金(01787.HK) 跌4.19%。 ...

Group 1 - The core viewpoint of the article highlights the strong performance of metal stocks in the Hong Kong market, particularly the significant rise of China Silver Group by over 20% [1] - International silver prices have been on the rise, currently around $36 per ounce, contributing to the positive momentum in the metal sector [1] Group 2 - China Silver Group (00815.HK) increased by 20.55%, indicating strong investor interest and market confidence [1] - China Gold International (02099.HK) saw a rise of 5.62%, reflecting a broader trend of growth in the precious metals sector [1] - Zhaojin Mining (01818.HK) experienced a 3.21% increase, further demonstrating the overall strength of metal stocks in the market [1]

Market Performance - The three major U.S. stock indices closed higher, with most popular Chinese concept stocks also rising [1] - Hong Kong's three major indices opened higher, with the Hang Seng Index up 0.53%, the Hang Seng China Enterprises Index up 0.57%, and the Hang Seng Tech Index up 0.54% [1] Sector Performance - Large technology stocks collectively rose, with NetEase increasing nearly 3%, Tencent and Xiaomi rising over 1%, and Kuaishou, Baidu, and JD.com also showing gains [1] - Gold prices surged back to $3,400, leading to a strong performance in gold stocks, with Zhaojin Mining up nearly 4%, Tongguan Gold up 3.5%, and Zijin Mining, Shandong Gold, and Chifeng Jilong Gold all rising [1] - Biopharmaceutical, heavy machinery, and film and entertainment stocks also saw increases [1] - Stablecoin concept stocks showed mixed performance, with Yika down over 5% and Lianyi Rong Technology continuing to rise by 3.55% [1] - Consumer electronics and steel stocks generally declined, with TCL Electronics dropping over 2% [1] Index Data - Hang Seng Index: 23,281.10, up 123.13, or 0.53% [1] - Hang Seng China Enterprises Index: 8,407.00, up 47.74, or 0.57% [1] - Hang Seng Tech Index: 5,162.05, up 27.94, or 0.54% [1] - Red Chip Index: 3,944.88, up 8.03, or 0.20% [1] - Southern Hang Seng Tech: 5.070, up 0.045, or 0.90% [1]

智通财经6月3日电，截至发稿，招金矿业(01818.HK)涨3.96%、紫金矿业(02899.HK)涨3.27%、赤峰黄金 (06693.HK)涨2.90%、中国黄金国际(02099.HK)涨2.38%。 港股黄金股延续涨势 招金矿业涨近4% ...

港股黄金股集体走强，中国白银集团(00815.HK)涨超6%，紫金矿业(02899.HK)、招金矿业(01818.HK)、 中国黄金国际(02099.HK)涨超3%，赤峰黄金(06693.HK)涨超2%。 ...

Group 1 - Financial markets experienced a rebound in May due to easing global trade tensions, with major stock indices in the US and Europe showing significant increases [1] - Gold prices have been volatile, dropping over 5% from April's historical highs, while several Wall Street investment banks remain bullish on future gold prices [1] - Goldman Sachs predicts that international gold prices could reach $3,700 per ounce by the end of this year, while JPMorgan anticipates prices may exceed $4,000 per ounce by Q2 2026 [1][2] Group 2 - Bank of America forecasts gold prices to reach $4,000 per ounce by the end of this year or early 2026, driven by geopolitical uncertainties and concerns over the US government's fiscal situation [2] - Goldman Sachs emphasizes that gold is a safer hedge compared to Bitcoin, especially in the context of market downturns, due to its lower volatility and historical performance [2] - The following Hong Kong-listed companies are related to gold and precious metals: Zijin Mining (02899), Shandong Gold (01787), Zhaojin Mining (01818), Lingbao Gold (03330), China Gold International (02099), and others [3]

Core Viewpoint - The China Securities Hong Kong 300 Upstream Index (H300 Upstream) has shown significant growth, with a 8.71% increase over the past month, 10.63% over the past three months, and a 5.02% increase year-to-date [2]. Group 1: Index Performance - The H300 Upstream Index is currently reported at 2474.02 points, reflecting a strong upward trend [1]. - The index is based on a sample of securities selected from the China Securities Hong Kong 300 Index, representing the overall performance of various thematic securities listed on the Hong Kong Stock Exchange [2]. Group 2: Index Composition - The top ten holdings of the H300 Upstream Index include: - China National Offshore Oil Corporation (29.31%) - PetroChina Company Limited (12.7%) - China Shenhua Energy Company (10.38%) - Zijin Mining Group (9.79%) - Sinopec Limited (9.47%) - China Hongqiao Group (3.57%) - China Coal Energy Company (3.32%) - Zhaojin Mining Industry Company (3.14%) - Yanzhou Coal Mining Company (2.77%) - Luoyang Molybdenum Company (2.28%) [2]. Group 3: Sector Allocation - The sector allocation of the H300 Upstream Index is as follows: - Oil and Gas: 51.89% - Coal: 18.54% - Precious Metals: 14.87% - Industrial Metals: 10.17% - Rare Metals: 2.98% - Oil and Gas Extraction and Field Services: 1.05% - Other Non-ferrous Metals and Alloys: 0.49% [3]. Group 4: Index Adjustment - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day following the second Friday of June and December each year. Temporary adjustments may occur under special circumstances [3].

Core Viewpoint - The international gold price has continued its upward trend in 2024, reaching a peak of $3509.9 per ounce, followed by a phase of adjustment due to reduced trade war risks and improved US-China economic talks [1][3] Gold Market Dynamics - The recent increase in global trade war risks previously supported gold prices, but the reduction in risk premium has led to a temporary decline in investor risk aversion [1] - The long-term logic for rising gold prices remains intact, driven by a persistently loose global monetary environment and ongoing de-dollarization [3][4] Central Bank Activities - Central banks are strategically adjusting their reserves to reduce reliance on the US dollar, which has provided long-term support for gold prices [4] - The global investment demand for gold surged to 551.9 tons in Q1 2025, a 170% year-on-year increase, with central banks purchasing a net 244 tons of gold [3] Company Strategy: Zhaojin Mining - Zhaojin Mining has launched a "Gold Resource Doubling Plan" with a dedicated exploration fund of 100 million RMB, focusing on a three-pronged approach of capacity expansion, exploration, and mergers [1][6] - The company aims to enhance exploration efficiency through advanced technologies and has reduced its unit resource acquisition cost by 37% compared to industry averages [7] Market Positioning and Growth Potential - Zhaojin Mining's strategic focus on high-quality resource acquisition and efficient production positions it well to capitalize on the growing demand for gold [6][9] - The company has completed 22 high-grade project acquisitions in 2023, significantly increasing its mining rights area by 799%, effectively "recreating" Zhaojin Mining [7] Future Outlook - The ongoing adjustments in the gold market are seen as a correction of overheated sentiment, with the core upward logic remaining unchanged, driven by central bank gold purchases and weakening dollar credibility [9] - Zhaojin Mining's transition from a traditional mining company to a global resource operator is expected to enhance its valuation and competitive edge in the evolving gold industry landscape [7][9]

Group 1 - Gold has emerged as a standout asset since 2025, driven by factors such as increased tariffs under the Trump administration, rising inflation, global economic uncertainty, weakened dollar credit, and central banks accumulating gold [1] - Zhaojin Mining (01818) has a strong resource endowment and is actively expanding its gold mining operations both domestically and internationally through mergers and acquisitions [1] - Since 2023, Zhaojin Mining has completed 22 high-grade project acquisitions, increasing its mining rights area by 799%, equivalent to "recreating seven Zhaojin Minings" [1] Group 2 - The Ecuadorian project, King Mining, has discovered an additional 141 tons of gold resources, with a single project valuation exceeding 30 billion RMB, setting a benchmark in global gold mining development [2] - Zhaojin Mining has identified over 1,000 tons of gold resource potential across top global mining belts, with a potential market value exceeding 100 billion RMB [2] - The company is implementing a "gold resource doubling plan" with a special exploration fund of 100 million RMB, focusing on a tripartite growth engine of "expansion + exploration + acquisition" [2] Group 3 - Zhaojin Mining plans to leverage its mining rights across 12 core mineralization belts globally, utilizing advanced technologies like 3D geological modeling and big data targeting to enhance exploration efficiency [3] - The establishment of a special fund aims to create a resource storage fund pool, enabling a counter-cyclical operation strategy of "locking in resources during lows and releasing capacity during highs" [3]

Group 1 - As of May 26, a total of 88 stocks reached their 52-week highs, with Tianbao Energy (01671), China Nuclear International (02302), and Honghui Group (00183) leading the high rate at 141.60%, 93.92%, and 21.34% respectively [1] - Tianbao Energy closed at 0.700 and reached a peak of 1.510, marking a significant increase of 141.60% [1] - China Nuclear International closed at 4.090 with a highest price of 5.100, reflecting a rise of 93.92% [1] Group 2 - Other notable stocks that reached their 52-week highs include Century International (00959) with an increase of 18.64%, and Junjie Group Holdings (08188) with a rise of 17.95% [1] - The list also includes Haotian Financial Group (01260) with a 13.70% increase and Dechang Electric Holdings (00179) with a 10.96% rise [1] - The overall trend indicates a strong performance in the market, with multiple stocks achieving significant gains [1] Group 3 - The report also highlights stocks that reached their 52-week lows, with Sipai Health (00314) showing the largest decline at -11.65% [3] - Other stocks experiencing declines include Feitian Yundong (06610) at -9.05% and Hengrui Medicine (01276) at -4.81% [3] - The presence of stocks reaching both highs and lows suggests a volatile market environment [3]