Chifeng Jilong Gold Mining Group Limited (ASX: 600988) has issued a positive earnings forecast, projecting a substantial increase in its first-half net profit attributable to shareholders.

The company estimates its net profit for the first six months of 2026 will be in the range of 1.7 billion to 1.78 billion yuan, representing a year-on-year growth of 54% to 61%.

This significant rise applies to both the net profit attributable to shareholders and the net profit after deducting non-recurring gains and losses.

The primary drivers behind this robust performance are a substantial increase in gold prices compared to the same period last year and enhanced operational efficiency.

The average selling price for gold during the period rose by approximately 43% year-on-year.

Concurrently, the company has continued to strengthen its production organization and operational management, contributing to the improved financial results for this reporting period.