Shandong Gold Mining (HKG:1787, SHA:600547) expects to realize a net profit attributable to the owners of the parent between 2.70 billion yuan and 3.20 billion yuan for 2024, 16% to 37% higher than 2.33 billion yuan logged for the preceding year, a Sunday Hong Kong bourse filing said.

The mining company attributed the expected increase to its improved production operation and resource utilization rates, management and operational efficiency, and an increase in gold prices during the reporting year.