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Western Gold Forecasts 2024 Net Profit of 240-320 Mln Yuan, Turning Around from Losses

Published: Jan 26, 2025 17:59
[Western Gold: Net Profit in 2024 Expected to Reach 240 Million to 320 Million Yuan, Turning Losses into Gains] Western Gold announced that it expects to achieve a net profit attributable to shareholders of the parent company of 240 million to 320 million yuan in 2024, marking a turnaround from losses to gains. The main reasons include an increase in gold sales from captive mines, a rise in selling prices, the impact of mining rights transfer payments made by its subsidiary Hatu Company in the same period last year on this year's costs and expenses, and an increase in manganese business volume compared to the same period last year.

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