Hong Kong Stock Alert | DRAGON MINING (01712) Surges Over 20% Again to Record High as Production and Gold Prices Rise Year-on-Year, Company's First-Half Net Profit Grows 5.4 Times

Stock News
Aug 25

DRAGON MINING (01712) surged over 20% again, reaching an intraday high of HK$6.31, setting a new historical record. As of press time, the stock was up 17.9% to HK$6.19, with a turnover of HK$16.3562 million.

On the news front, DRAGON MINING announced its interim results, reporting customer revenue of A$54.46 million for the first half, representing a year-on-year increase of 77.52%; net profit of A$12.692 million, up 543.94% year-on-year; and basic and diluted earnings per share of 8.03 Australian cents.

The announcement indicated that the increase in net profit was mainly due to higher gold grade and recovery rates during the period, resulting in the Vammala plant producing 13,475 ounces of gold compared to 8,164 ounces in the same period last year; rising average gold prices during the period; and positive contributions from toll treatment of gold-bearing ore from neighboring operator Botnia Exploration AB in Sweden.

Notably, DRAGON MINING recently announced that it has received assay results from the first three underground diamond core drilling activities conducted at the Jokisivu gold mine in southern Finland in 2025. These activities have discovered several high-quality intervals, providing the company with additional information about the extent and geometry of the Arpola and Basin zone veins, laying the foundation for future mining studies.

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