DRAGON MINING (01712) announces profit joy, expected annual net profit of approximately AUD 12.2 million to AUD 13.3 million.

DRAGON MINING (01712) announced that it expects the Group to achieve a net profit of approximately 12.20 million Australian dollars to 13.30 million Australian dollars for the year ending December 31, 2024 ("reporting period"), compared to a post-tax profit of 5.20 million Australian dollars for the year ending December 31, 2023 ("corresponding period"). Compared to the corresponding period, the increase in post-tax profit is mainly due to the following factors: higher average gold prices achieved during the reporting period; positive contributions from the processing of gold ore from the Botnia Exploration Ab nearby operator in Sweden; reduced depreciation and amortization expenses based on production during the reporting period; net income recognized from the cancellation of the Finnish crusher agreement after a successful arbitration process; and fair value gains recognized on the 2,452,910 shares held by the Group in Aurion Resources Limited (TSXV stock code: AU) during the reporting period.