BOCI: Zijin Mining (02899.HK) reported strong earnings growth in the first half, largely in line with expectations; maintains 'Buy' rating.

BOCI published a report stating that, according to its earnings guidance, Zijin Mining (02899.HK) expects to report a net profit of approximately RMB 39.1 billion for the first half of 2026, representing a 68% year-over-year increase. The company attributes this strong growth to higher metal prices and increased metal production volumes. The company’s H1 2026 earnings guidance already accounts for 46% of BOCI’s full-year forecast. Based on this, the company’s Q2 2026 earnings are estimated to have declined by 5% quarter-over-quarter to RMB 19 billion. The positive impact from higher copper production volumes and average selling prices was partially offset by lower average gold prices, higher unit costs, and other metals

AASTOCKS30minutes ago

HK Market Movement | Gold Stocks Decline Across the Board as Escalating U.S.-Iran Tensions Fuel Inflation Expectations, with a Strong U.S. Dollar and Treasury Yields at Elevated Levels Weighing on Precious Metals Valuations

Gold stocks declined across the board. As of the time of writing, Tongguan Gold (00340) was down 3.16% at HK$1.84, and Shandong Gold (01787) fell 3.05% to HK$17.81.

Zhitong Finance36minutes ago

Bank of America Securities: Zijin Mining (02899) Q2 net profit below expectations; reiterates 'Buy' rating

The bank believes that the underperformance was primarily due to Zijin Gold International's (02259) weak second-quarter results; excluding this impact, Zijin Mining's second-quarter earnings were broadly in line with forecasts.

Zhitong Finance10:17 · Ratings

Hong Kong Stocks Move Sharply | Gold Stocks Plunge Across the Board as US-Iran Tensions Drive Oil Prices Higher, Yet Gold Faces Sell-Off

Gelonghui, July 13 | Hong Kong-listed gold mining stocks declined collectively, with Zhaojin Mining falling more than 4%, Tongguan Gold down 3.68%, Shandong Gold, Lingbao Gold, and Zijin Gold International each dropping 2.5%, Chifeng Gold and China Gold International falling 2.3%, and Zijin Mining and Jihai Gold also declining. In market news, during the early Asian trading session, spot gold breached the USD 4,080 per ounce level, extending its intraday loss to 1.2%. Against the broader market backdrop, the weakness in the precious metals sector is directly linked to the recent pullback in gold prices. Influenced by recurring geopolitical tensions in the Middle East and a stronger U.S. dollar, spot gold briefly dipped below USD 4,070 per ounce during the session. Meanwhile,

Gelonghui Finance10:17

Iran announced the closure of the Strait of Hormuz, as U.S. forces stated they were launching strikes against Iran and explosions were heard in multiple Iranian locations.

On July 12, Iran's Islamic Revolutionary Guard Corps (IRGC) announced the closure of the Strait of Hormuz, prohibiting all vessel traffic until the United States ceases its intervention. The U.S. military declared it would strike Iran in response to attacks on civilian vessels in the strait. Explosions were subsequently reported in southern Iran, including in Bushehr, Asaluyeh, Qeshm Island, and Chabahar Port. The IRGC warned that if the U.S. uses this as a pretext for new attacks, Iran will respond forcefully and target additional U.S. bases in the Middle East.

wallstreetcnJul 12 09:05

ZIJIN MINING To Go Ex-Dividend On July 23rd, 2026 With 0.48413 HKD Dividend Per Share

July 11th (Beijing Time) - $ZIJIN MINING(02899.HK)$ is trading ex-dividend on July 23rd, 2026.Shareholders of record on July 24th, 2026 will receive 0.48413 HKD dividend per share on August 21st, 2026

Futu NewsJul 11 05:05