招金矿业盘中大跌8%，旗下金矿坠罐事故致7人死亡，企业涉嫌瞒报，包括矿长在内的11人已被控制！

Core Viewpoint - On February 10, 2026, Zhaojin Mining (1818.HK) opened significantly lower, dropping over 8% during trading, with a closing price of HKD 32.34 per share, representing a decline of 6.59% and a total market capitalization of HKD 114.8 billion [1][12]. Incident Summary - A fatal accident occurred at the Zhaojin Mining's Cangzhuang Gold Mine on February 7, resulting in the death of 7 individuals due to a hoisting accident [14][20]. - The local emergency management bureau reported that the company failed to promptly report the incident, with confirmation of the accident only occurring after a tip-off on February 9 [16][22]. - Eleven individuals, including the mine manager and various deputy managers, have been detained for investigation related to the incident [18][20]. Company Background - Cangzhuang Gold Mine is a subsidiary of Zhaojin Mining, acquired in December 2009 for HKD 426 million, and is one of China's top 100 non-ferrous metal mining companies [20]. - The mine has a gold metal content of 16.115 tons and a mineral reserve of 338.6287 million tons, with an average grade of 4.8 grams per ton. Recent assessments have increased the total reserves to over 20 tons [20]. Regulatory Issues - The Cangzhuang Gold Mine has faced regulatory scrutiny, having been penalized twice in 2025 for safety violations, including a fine of HKD 30,000 for non-compliance with safety equipment standards [22][24]. - The mine was also fined HKD 25,000 for failing to meet emergency preparedness requirements, highlighting ongoing safety management issues [12][24].