Dragon Mining (HKG:1712) expects a net profit between AU$12.2 million and AU$13.3 million for 2024, higher than AU$5.2 million booked for 2023, a Tuesday bourse filing said.
The company attributed the expected increase to higher average gold prices, lower depreciation and amortization charges, a gain from the termination of a certain agreement, and a fair value gain on the group's investment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.