Hong Kong stock market anomaly | Zijin Mining (01815.HK) rose by over 10% again, with the company planning to raise nearly HK$400 million for exploration of two mines in Tibet.

On the news front, Everest Gold previously announced that it intends to issue a total of 248 million subscription shares at a subscription price of 1.61 Hong Kong dollars per share, representing a discount of approximately 19.50% from the closing price of the previous trading day. The net proceeds from this fundraising will be approximately 397.975 million Hong Kong dollars, which will mainly be used for surveying and exploration expenses at the Shannan Mine in Tibet and the Shigatse Mine. The remaining 20% will be used for working capital, with the aim of enhancing self-sufficiency in raw materials and meeting the demand for resource development in the context of rising gold prices.