Zijin Mining hits record high as unit Zijin Gold shines in Hong Kong debut

** Hong Kong shares of Zijin Mining Group 601899 rise as much as 8.2% to HK$34.8, their highest level since December 2003 listing, as unit Zijin Gold International 22259 soars in Hong Kong debut

** Zijin Mining's Shanghai-listed stock 601899 climbs 3.9% to 29.88 yuan, the highest point since debut in April 2008

** Shares of Zijin Gold, which operates all of Zijin Mining's gold mines outside China, trade as high as HK$120 each on first day of trading, up 67.6% from the offer price

** Zijin Gold raised $3.2 bln in an initial public offering (IPO), the largest in the city for four years

** The IPO was the largest in Hong Kong since JD Logistics' 2618 float in May 2021, which raised $3.6 billion, Dealogic data showed

** Gold prices hit a record high of $3,842.76 per ounce on Tuesday

** Hong Kong's material index (.HSCIM) rises 1.9%, while the benchmark Hang Seng Index HSI slips 0.1%

** YTD, Zijin Mining Hong Kong stock up 132.1%, Shanghai-listed shares up 95.4%