Shandong Gold expects significant profit surge in first quarter

Shandong Gold Mining Co., Ltd. (HKEX:1787) has announced an estimated increase in its results for the first quarter of 2025. The company projects net profit attributable to owners to range from RMB950 million to RMB1,130 million, representing a year-on-year increase of 35.74% to 61.45%. Excluding non-recurring gains and losses, the projected net profit is expected to be between RMB951 million and RMB1,131 million, marking a year-on-year rise of 34.05% to 59.41%. The company attributes this strong performance to strategically optimized production layouts, enhanced core technology breakthroughs, improved management, and the upward trend in gold prices, resulting in increased operational efficiency and project construction speed. The official Q1 2025 report is expected by the end of April 2025.