Chifeng Jilong Gold Mining (HKG:6693) expects its H1 profit to rise by up to 59% year over year, according to a Hong Kong bourse filing Monday.

Shares of the gold miner fell over 3% in afternoon trade Tuesday.

The company expects attributable profit of 1.08 billion yuan to 1.13 billion yuan for the six months ended June 30, representing an increase of 52% to 59% compared with the 710 million yuan income posted in the same period last year.