Tongguan Gold Group's Profit to Balloon 250% in 2024

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Tongguan Gold Group's Profit to Balloon 250% in 2024

MT Newswires Live03-13

Tongguan Gold Group (HKG:0340) expects a net profit of HK$210 million for the year 2024, up 250% from HK$60 million a year prior, a Thursday filing with the Hong Kong bourse said.

The gold miner attributed the rise in net profit mainly to a higher sale volume of mine-produced gold, along with a higher average gold grade of ore per ton mined and higher average selling price of mine-produced gold per gram.

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