HK Stock Market Move | Shandong Gold Mining (01787) opens more than 3% lower, cuts full-year target gold output to 11-13 tonnes, expects annual net profit to decline year-on-year.
Shandong Gold Mining (01787) opened more than 3% lower and has fallen nearly 30% within the month. As of press time, it is down 3.50% at HK$19.3, with a turnover of HK$3.0542 million.
Shandong Gold Mining (01787) opened more than 3% lower and has fallen nearly 30% within the month. As of press time, it was down 3.50% at HK$19.3, with a turnover of HK$3.0542 million.
On the news front, Shandong Gold Mining announced that its 2026 production and operation plan is proposed to be adjusted from the original "gold output of no less than 49 tonnes" to "gold output of 36 tonnes to 38 tonnes." In 2025, the company's mined gold output was 48.89 tonnes, and the 2026 mined gold output is expected to decrease by about 11-13 tonnes year-on-year. The company's net profit attributable to shareholders of the listed company for 2026 is expected to decline year-on-year.
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