After a drop in international gold prices the previous night, the Golden Industrial Concept fell in response with LINGBAO GOLD (03330) down 7.25%.
Jinguo Finance | Golden Industrial Concept stocks fell broadly, LINGBAO GOLD (03330) dropped by 7.25%, ZHAOJIN MINING (01818) fell by 4.2%, Zijin Mining Group (02899) declined by 3.43%, SD GOLD (01787) decreased by 1.75%, and CHINAGOLDINTL (02099) fell by 1.59%. Last night, international gold prices corrected as the market awaited the upcoming USA inflation data, with New York futures gold closing at $2895.9 per ounce, a decrease of 1.2%.
Chifeng Jilong Gold Mining (06693.HK) is expected to be listed on March 10, with Zijin Mining Group and ZHAOJIN MINING introduced as cornerstone investors.
Gelonghui reported on February 28 that Chifeng Jilong Gold Mining (06693.HK) announced that the company plans to globally issue approximately 0.206 billion shares listed in Hong Kong, with 20.5652 million shares for sale in Hong Kong, and about 0.185 billion shares for international sale, along with an additional 15% over-allotment option; the subscription will be from February 28 to March 5, 2025, with the expected pricing date on March 6; the offering price will be between 13.72-15.83 Hong Kong dollars per share, with a minimum trading unit of 200 shares, and CITIC SEC as the sole sponsor; the shares are expected to start trading on the Stock Exchange on March 10, 2025. The company is primarily engaged in gold mining.
Chifeng Jilong Gold Mining (06693) starts its IPO today, introducing Zijin Mining Group (02899) and ZHAOJIN MINING (01818) as cornerstone investors.
Chifeng Jilong Gold Mining (06693) will conduct an initial public offering from February 28, 2025 to March 5, 2025, with plans for Global expansion.
Zhongzheng Pengyuan: It is expected that the price of Gold will remain high with fluctuations in 2025, while the overall price of Black Metal will show a pattern of first declining and then rising.
In 2025, the Black Metal Industry Chain will face a complex situation of raw material supply surplus, differentiated demand, and policy regulation.
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On February 20, the spot Gold price surged rapidly after opening in the Europe trading session, breaking through the $2950/ounce mark, and as of the time of reporting, it stands at $2954.94/ounce, setting a new historical high.
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