HK Stock Market Move | DRAGON MINING (01712) had risen by over 20% to hit a new high, with production and gold prices increasing year-on-year. The company's net profit in the first half of the year had increased by 5.4 times compared to the same period last year.

Dragon Mining (01712) soared more than 20%, hitting a high of 6.31 Hong Kong dollars during trading, setting a new historical high. As of the time of writing, it rose by 17.9% to 6.19 Hong Kong dollars, with a turnover of 16.3562 million Hong Kong dollars. In terms of news, Dragon Mining announced its mid-term performance, with customer revenue of 54.46 million Australian dollars in the first half of the year, a year-on-year increase of 77.52%; net profit of 12.692 million Australian dollars, a year-on-year increase of 543.94%; and basic and diluted earnings per share of 8.03 Australian cents. The announcement pointed out that the increase in net profit was mainly due to the increase in gold grade and recovery rate during the period, resulting in the production of 13,475 ounces of gold at the Vammala plant, compared to 8,164 ounces of gold in the same period last year; the average gold price rose during the period; and the processing fees from the neighboring operator Botnia Exploration AB in Sweden brought positive contributions. It is worth noting that Dragon Mining recently announced that it has obtained the first batch of underground diamond core drilling activities for the Jokisivu gold mine in southern Finland in 2025. These activities have discovered several high-quality samples, providing the company with additional data on the range and geometry of the Arpola and Basin vein structures, laying the foundation for future mining research.