Chifeng Jilong Gold Mining (SHA:600988, HKG:6693) expects attributable net profit of 1.70 billion yuan to 1.78 billion yuan for the six months ended June 30, up 54% to 61% from 1.11 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.

The company attributed the expected growth to a roughly 43% increase in the average selling price of gold from a year earlier, as well as stronger production and operational management.