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China Galaxy Securities: Macro expectations and fundamentals weakened, metal prices significantly declined, with clear advantages in gold assets.
The unexpected downturn in US employment and economic data, especially the decline in US employment data, triggered the recession conditions of the "Sam rule", which has intensified the market's expectation of a recession in the US economy. As a result, trade of nonferrous metals commodities has caused a sharp price drop.
Investors Met With Slowing Returns on Capital At Hunan Gold (SZSE:002155)
Hunan Gold Corporation (002155.SZ): At present, the company's antimony products are basically not sold in the form of long-term contracts.
Hunan Gold Corporation (002155.SZ) stated on their investor platform on August 2nd that the company's antimony products are currently not primarily sold using long-term contracts.
Hunan Gold Suspends Subsidiary's Operations After Accident; Shares Drop 5%
Express News | Hunan Gold Says Unit Suspends Production After Accident Killed One Person
Hunan Gold Corporation (002155.SZ): Subsidiary Xinlong Mining temporarily suspended production.
On July 18th, GeLongHui reported that Hunan Gold Corporation (002155.SZ) received a report from its subsidiary, Hunan Xinlong Mining Co., Ltd. (hereinafter referred to as Xinlong Mining), that the main part of Xinlong Mining's temporary shutdown has been reported. The following announcement is now made on the situation: On July 17, 2024, an employee of the project department of Hunan Jin Zhiyuan Mining Engineering Co., Ltd. (hereinafter referred to as Jin Zhiyuan), the mining engineering contractor of the subsidiary Xinlong Mining during the wind drilling operation at the 6# vein mining area at the 800 pithead of Xinlong Mining, was killed when the roof collapsed. After the accident, Xinlong Mining immediately started the emergency response plan, and publicized
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