According to @KobeissiLetter, Zinjin Gold, the international unit of China’s largest gold miner, surged more than 60% in its IPO debut [source: @KobeissiLetter]. The source reports this is the world’s largest IPO since May 2025 [source: @KobeissiLetter]. The source adds that investor demand for gold is through the roof, underscoring strong primary-market appetite for gold-linked equities [source: @KobeissiLetter]. No direct crypto market impact was cited by the source [source: @KobeissiLetter].

According to @business, Caledonia Mining will prioritize expanding its Zimbabwe gold projects and does not plan to buy back its shares, signaling a focus on project growth over near-term capital returns (source: Bloomberg/@business). For equity traders, this update highlights management’s capital allocation toward production expansion rather than repurchases, which can shift attention to project execution and cash flow timing for valuation inputs (source: Bloomberg/@business). The source did not mention any implications for cryptocurrencies or tokenized gold markets (source: Bloomberg/@business).