Dragon Mining (01712) has announced a positive profit alert. The group expects to achieve an annual net profit after tax in the range of approximately A$58 million to A$62 million for the fiscal year ending December 31, 2025. This represents a significant increase compared to the net profit after tax of A$12.9 million recorded for the previous fiscal year ended December 31, 2024. It is noted that these figures for the respective periods have not yet been reviewed or audited by the company's auditors and/or the Audit and Risk Management Committee.

The substantial growth in net profit after tax compared to the previous year is primarily attributed to several key factors. These include achieving a higher average gold price during the reporting period, increased ore grade and gold recovery rates at the Vammala plant leading to higher gold production, and a positive contribution from the toll treatment of gold-bearing ore from the neighboring operator Botnia Exploration Ab in Sweden at the Svartliden plant.