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Lingbao Gold Forecasts Up to 57% Boost in H1 Profit

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Lingbao Gold (HKG:3330) expects a net profit of between 950 million yuan and 1.05 billion yuan for the six months ended 30 June 2026, up 42% to 57% from 670 million yuan.

The gold miner expects a 1% to 4% rise in revenue to between 7.9 billion yuan and 8.1 billion yuan for the half year from 7.79 billion yuan a year prior.

The company attributed the forecast mainly to an increase in the price of gold, the company's major product; as well as the completion of the subscription transaction for a 50%+1 share equity interest in St Barbara Mining.

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