Core Viewpoint - The gold stocks have seen significant gains in the afternoon trading session, driven by a surge in international gold prices, which have reached historical highs [1] Group 1: Stock Performance - Tongguan Gold (00340) increased by 7.98%, trading at 2.84 HKD [1] - Zhaojin Mining (01818) rose by 6.75%, trading at 31.12 HKD [1] - Zijin Mining (601899) (02899) saw a rise of 5.66%, trading at 32.1 HKD [1] - Shandong Gold (600547) (01787) increased by 4.3%, trading at 37.38 HKD [1] - Chifeng Jilong Gold Mining (600988) (06693) rose by 4.1%, trading at 30.5 HKD [1] Group 2: Gold Price Movement - As of September 29, the spot gold price surpassed 3800 USD/ounce, marking a new historical high with an intraday increase of over 1% [1] - COMEX gold prices reached 3830 USD/ounce [1] Group 3: Market Insights - According to招商期货, the shift in Trump's stance on the Russia-Ukraine conflict and renewed tariff tensions are contributing factors that may lead to continued increases in COMEX gold prices [1] - Morgan Stanley strategists project that by mid-2026, gold prices could reach between 4050 USD and 4150 USD per ounce, indicating potential for further record highs [1]

瑞银发表报告指，显著上调对金价预测，预计今年底及明年底分别见4000美元/盎司及4200美元/盎司， 受投资者仓位增加及投资者基础持续扩大，以及美联储降息周期下美元疲弱与实际利率下跌有利金价。 基于招金产量增长趋势强劲，该行上调对招金盈利预测，预计2025年至2027年期间盈利年复合增长率达 54%，目标价由25.3港元上调至37港元，为2026年预测市盈率23倍，重申"买入"评级。 ...

Core Insights - International gold prices continue to reach historical highs, driving significant increases in Hong Kong-listed gold stocks [1] - Spot gold prices surpassed previous highs, reaching $3,798.54 per ounce, marking a 1% increase [1] - JPMorgan analysts predict gold prices will reach between $4,050 and $4,150 per ounce by mid-2026, indicating potential for further record highs [1] Company Performance - The following gold stocks in Hong Kong experienced notable price increases: - Tongguan Gold rose by 4.18% to HKD 2.740 [2] - Zhaojin Mining increased by 3.89% to HKD 30.480 [2] - Zijin Mining gained 3.49% to HKD 31.440 [2] - Chifeng Jilong Gold rose by 3.14% to HKD 30.220 [2] - Shandong Gold increased by 2.73% to HKD 36.820 [2] - Lingbao Gold rose by 2.63% to HKD 17.960 [2] - Everest Gold increased by 1.47% to HKD 1.380 [2] - China Gold International rose by 1.20% to HKD 134.600 [2] Market Trends - Domestic gold jewelry brands have also seen price increases, with Chow Sang Sang's gold jewelry priced at HKD 1,111 per gram, up by HKD 5 from September 26 [1] - Other brands like Chow Tai Fook and Luk Fook Jewelry maintained their gold jewelry prices at HKD 1,108 per gram [1]

Core Viewpoint - The Hong Kong stock market saw significant activity in the non-ferrous metal sector on September 29, with several companies experiencing notable stock price increases [1] Company Summaries - Ganfeng Lithium (01772.HK) rose by 6.01%, reaching HKD 39.5 [1] - Chalco International (02068.HK) increased by 4.41%, trading at HKD 2.37 [1] - Zhaojin Mining (01818.HK) saw a rise of 4.02%, with shares priced at HKD 30.52 [1] - Luoyang Molybdenum (03993.HK) gained 3.44%, with a stock price of HKD 14.45 [1] - China Aluminum (02600.HK) experienced a 3.97% increase, reaching HKD 7.85 [1] - Jiangxi Copper (00358.HK) rose by 2.45%, trading at HKD 27.6 [1]

Core Viewpoint - The non-ferrous metal sector is experiencing significant activity, with various companies showing notable stock price increases following the release of a growth plan by the Ministry of Industry and Information Technology for 2025-2026 [1] Group 1: Stock Performance - Ganfeng Lithium (01772) increased by 6.01%, reaching 39.5 HKD [1] - Chalco International (02068) rose by 4.41%, priced at 2.37 HKD [1] - Zhaojin Mining (01818) saw a 4.02% increase, now at 30.52 HKD [1] - Luoyang Molybdenum (03993) grew by 3.44%, trading at 14.45 HKD [1] - China Aluminum (02600) increased by 3.97%, priced at 7.85 HKD [1] - Jiangxi Copper (00358) rose by 2.45%, now at 27.6 HKD [1] Group 2: Industry Growth Plan - The growth plan indicates an average annual growth of approximately 5% in the added value of the non-ferrous metal industry from 2025 to 2026 [1] - The production of ten major non-ferrous metals is expected to grow at an average annual rate of about 1.5% during the same period [1] - Positive progress is anticipated in the domestic resource development of copper, aluminum, and lithium [1] Group 3: Market Sentiment and Forecast - Guohai Securities suggests that the recent interest rate cuts by the Federal Reserve and the introduction of the growth plan have boosted industry sentiment [1] - The operating rate in the downstream aluminum processing sector is on the rise, with a significant inventory turning point observed [1] - Minsheng Securities notes that with the Federal Reserve's rate cuts and ongoing demand during the "Golden September and Silver October" peak season, industrial metal prices are likely to continue rising [1]

消息面上，9月28日，工业和信息化部等八部门印发《有色金属行业稳增长工作方案（2025—2026 年）》，其中提到，2025—2026年，有色金属行业增加值年均增长5%左右，十种有色金属产量年均增 长1.5%左右，铜、铝、锂等国内资源开发取得积极进展。国海证券认为，短期来看，美联储如期降 息，且仍有进一步降息预期；有色金属行业稳增长工作方案出台，提振行业情绪。下游铝加工环节开工 率仍在持续回升中，库存拐点基本出现，关注"金九银十"旺季机会。民生证券指出，美联储降息落地， 商品供给干扰频发，伴随美国财政货币双宽松，叠加国内"金九银十"旺季需求，工业金属价格有望继续 上行。 有色股早盘活跃，截至发稿，赣锋锂业（002460）(01772)涨6.01%，报39.5港元；中铝国际（601068） (02068)涨4.41%，报2.37港元；招金矿业(01818)涨4.02%，报30.52港元；洛阳钼业（603993）(03993)涨 3.44%，报14.45港元；中国铝业（601600）(02600)涨3.97%，报7.85港元；江西铜业（600362）股份 (00358)涨2.45%，报27.6港元。 ...

Core Viewpoint - International gold prices continue to reach historical highs, driving significant increases in Hong Kong gold stocks, with forecasts suggesting further price increases in the coming years [1] Group 1: Gold Price Movement - Spot gold prices surpassed previous highs, rising by 1% to $3,798.54 per ounce, marking a new historical peak [1] - JPMorgan strategists predict that by mid-2026, gold prices could reach between $4,050 and $4,150 per ounce, indicating potential for new record highs [1] Group 2: Stock Performance - Hong Kong gold stocks experienced collective gains, with notable increases including: - Tongguan Gold up 4.18% - Zhaojin Mining up nearly 4% - Zijin Mining up 3.5% - Chifeng Jilong Gold up over 3% - Shandong Gold and Lingbao Gold both up nearly 3% - Everest Gold and China Gold International both up over 1% [1] Group 3: Domestic Jewelry Pricing - Domestic gold jewelry brands saw price increases, with specific examples including: - Chow Sang Sang's gold jewelry priced at 1,111 yuan per gram, up 5 yuan from September 26 - Other brands like Chow Tai Fook and Lao Feng Xiang maintaining prices at 1,108 yuan per gram [1]

Group 1 - The company, Zhaojin Mining (01818.HK), will hold a board meeting on October 10, 2025, to review and approve the unaudited consolidated third-quarter report for the nine months ending September 30, 2025 [1]

ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1818） 董事會會議通告 招 金 礦 業 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 公 佈，本 公 司 將 於2025 年10月10日（星 期 五）舉 行 董 事 會 會 議，藉 以 審 議 及 通 過 本 公 司 及 其 附 屬 公 司 截 至2025年9月30日 止 九 個 月 未 經 審 計 的 合 併 第 三 季 度 報 告 及 刊 發 有 關 公 告。 承董事會命 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 招金礦業股份有限公司 董事長 姜桂鵬 中 國 招 遠，2025年9月26日 截 至 本 公 告 日 期，董 事 會 成 員 包 括： 執 行 董 事： 姜 桂 鵬 先 生、段 磊 先 生、王 ...

Group 1 - The company, Zhaojin Gold, stated that the Vatukoula gold mine in Fiji processes approximately 900 to 1000 tons of ore daily [1] - The processing plant built by Hong Kong Fulin Company, with a capacity of 1000 tons per day, has officially reached full production, handling about 1000 tons of ore daily [1]