Shares of Dragon Mining (HKG:1712) surged 10.48% during intraday trading on Thursday, as investors reacted positively to the company's impressive first-half financial results for 2025. The gold miner's stock price jump came on the heels of a significant increase in both profit and revenue figures.
According to a filing with the Hong Kong stock exchange on Wednesday, Dragon Mining reported an attributable profit of AU$12.7 million for the first half of 2025, marking a substantial rise from AU$2 million in the same period last year. The company's earnings per share climbed to AU$0.0803, compared to AU$0.0125 in the prior year. Revenue also saw a notable increase, reaching AU$54.5 million, up from AU$30.7 million in the previous year.
The market's enthusiastic response to Dragon Mining's financial performance underscores investor confidence in the company's growth trajectory and operational efficiency. As gold prices continue to fluctuate in the global market, Dragon Mining's ability to significantly boost its profits suggests effective cost management and potentially increased production output, factors that are likely contributing to the stock's impressive rally.