Shandong Gold Mining Co., Ltd. Provides Unaudited Earnings Guidance for the First Quarter of 2024
Main Reasons for the estimated increase in the results for the period: In the first quarter of 2024, the Company strengthened the role of strategic leadership,emphasized production organization, continuously optimized production layout,and enhanced technical management and technological innovation to improve the production operation rate and resource utilization rate. The Company continued further efforts on cost reduction and efficiency enhancement, elevated the standard of meticulous management and operational efficiency and stabilized production costs through technological innovation, process optimization, asset revitalization, centralized procurement and creation of benefits with policies. In addition, the continued rise in gold prices in the first quarter of 2024 and the acquisition of Yintai Gold also played a positive role in contributing to an increase in the Company's profits.