Shandong Gold's HK shares hit all-time high as bullion scales fresh peak

Zhaojin Mining Industry Co

06/10/2025 07:26

** Hong Kong-listed shares of Shandong Gold Mining 1787.HK jump 7.2% to HK$40.4, their highest level since debut in September 2018

** Stock leads rally among miners as gold prices hit record peak

** Shandong Gold's shares mark their biggest intraday pct gain since September 22, and are top pct gainers on the Hang Seng's material index .HSCIM, which rises 1.8%

** Shares of Zijin Mining 2899.HK surge 3.9% and Zhaojin Mining 1818.HK rises 3.5%

** Zijin Gold 2259.HK, which debuted on September 30 in Hong Kong, also soars 8.8% to a new high at HK$148

** Gold surged past the $3,900-an-ounce level, driven by safe-haven demand following a fall in the yen and a U.S. government shutdown, among others

** Copper prices also rose on Monday to the highest level in more than 16 months, due to concerns about supply from top producer Chile and major supplier Indonesia

** Stock of MMG 1208.HK and Jiangxi Copper 0358.HK climb 0.9% and 1.5%, respectively

** YTD, Shandong Gold Hong Kong shares up 217.5%, benchmark Hang Seng Index .HSI up 34.5%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))