ZHONGJIN GOLD(SH:600489) 21世纪经济报道·2025-07-24 02:09Core Viewpoint - The article discusses the significant decline in the stock price of Zhongjin Gold (600489.SH) following a tragic incident at one of its mining facilities, where six students drowned during a visit, leading to a collective drop in gold stocks [1][2][4]. Group 1: Incident Overview - On July 23, six students from Northeast University drowned in a flotation tank at Zhongjin Gold's Inner Mongolia mining facility due to a grid plate falling [3][4]. - The company has expressed deep condolences for the victims and is actively managing the aftermath of the incident, including halting production at the affected site [4][6]. Group 2: Stock Market Reaction - Following the incident, Zhongjin Gold's stock opened significantly lower, dropping over 7% to 14.69 CNY per share, with a total market capitalization of 712 billion CNY [1][2]. - Other gold stocks, including Western Gold, Zhaojin Mining, and Chifeng Jilong Gold, also experienced declines in their stock prices [2][3]. Group 3: Company Background - Zhongjin Gold, established on June 23, 2000, is a major player in the gold industry, involved in gold mining, selection, smelting, and processing, and is recognized as "China's first gold stock" after being listed on the Shanghai Stock Exchange in 2003 [5]. - The company emphasizes safety in production processes and has implemented various improvements to enhance operational safety and efficiency [5].