Dragon Mining (HK:1712) has released an update.
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Dragon Mining Limited anticipates a significant increase in net profit for the first half of 2024, estimating a profit between AU$1.50 million and AU$2.70 million, a stark contrast to the AU$0.03 million reported in the same period of 2023. The surge in profits is primarily due to higher gold prices, reduced production costs, successful arbitration regarding equipment in Finland, and a fair value gain on shares held in Aurion Resources Limited. Investors are advised to exercise caution and await the official interim results announcement scheduled for August 2024.
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