Lingbao Gold (HKG:3330) forecasts its first-quarter profit will not be lower than 250 million yuan, according to a Wednesday filing with the Hong Kong bourse.
The gold mining and processing company attributed the upbeat forecast to a higher gold output compared with the year-ago period, as well as enhanced operational efficiency and cost control, the filing said.
Higher gold market prices also contributed to the rise, the filing said.
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