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Dragon Mining Limited Announces Significant Profit Increase for 2024

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Dragon Mining Limited Announces Significant Profit Increase for 2024

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Dragon Mining ( (HK:1712) ) just unveiled an announcement.

Dragon Mining Limited, a Western Australia-based mining company, has announced a significant increase in net profit for the year ended December 31, 2024, expecting to record between AU$12.2 and AU$13.3 million, as opposed to AU$5.2 million in the previous year. This improvement is attributed to higher gold prices, beneficial toll treatment from Botnia Exploration in Sweden, reduced depreciation charges, a gain from the cancellation of a crusher agreement in Finland, and a fair value gain on shares in Aurion Resources Limited.

More about Dragon Mining

Dragon Mining Limited is a company based in Western Australia, operating in the mining industry. It specializes in the exploration and production of gold, with a market focus that includes operations in Sweden and Finland.

YTD Price Performance: 9.74%

Average Trading Volume: 93,533

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$268.8M

For a thorough assessment of 1712 stock, go to TipRanks’ Stock Analysis page.

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