Shandong Gold Mining Expects Up to 37% Rise in 2024 Profit

MT Newswires Live

2025/01/27

Shandong Gold Mining (SHA:600547, HKG:1787) forecasts its attributable profit will increase 16% to 37% to between 2.70 billion yuan and 3.20 billion yuan in 2024 from 2.33 billion yuan in 2023, according to a Sunday filing with the Hong Kong exchange.

The mining company attributed the increase to improvements in leadership, production, production layout, and technical management and innovation, the mining company said.

Higher gold prices during the year also helped increase profits, according to the miner.

Shares slipped 1% in Hong Kong during Monday's morning trading.

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