Dragon Mining (HK:1712) has released an update.
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.
For further insights into HK:1712 stock, check out TipRanks’ Stock Analysis page.
