Core Viewpoint - On February 10, 2026, Zhaojin Mining (1818.HK) experienced a significant drop in stock price, falling 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][2]. Incident Summary - A fatal accident occurred at the Cangzhuang Gold Mine on February 7, resulting in the death of 7 individuals due to a hoisting accident [1][4]. - The local emergency management department reported that the company failed to promptly report the incident, which was only confirmed after a tip-off on February 9 [4]. - Following the accident, 11 individuals, including the mine manager and various deputy managers, have been detained for investigation [6]. Mine Details - The Cangzhuang Gold Mine is owned by Zhaojin Mining and was acquired in December 2009 for HKD 426 million, with a history dating back to October 1970 [8]. - The mine has a gold metal content of 16.115 tons and a mineral reserve of 3.386287 million tons, with an average grade of 4.8 grams per ton [8]. - Recent assessments indicate that the total reserves have increased to over 20 tons due to additional proven reserves [8]. Regulatory Background - 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 [10][11]. - In July 2025, the mine was found lacking in emergency rescue supplies, leading to a fine of HKD 25,000 for failing to meet emergency preparedness regulations [13].
千亿黄金股盘中大跌8%,旗下金矿坠罐事故致7人死亡,企业涉嫌瞒报
Mei Ri Jing Ji Xin Wen·2026-02-10 08:28