Shandong Gold stock cuts 2026 gold target to 36 to 38 tonnes - AD HOC NEWS

AI desk brief

Shandong Gold cut its 2026 mine-produced gold target to 36-38 tonnes from at least 49 tonnes, a reduction of 11-13 tonnes that points to tighter near-term mine supply. The company said domestic mine construction, safety measures and resource integration are weighing on output, while overseas mines should offset part of the shortfall.

The update comes alongside still-firm operating performance: first-half 2026 net profit attributable to shareholders rose more than 26% YoY to RMB 3.543 billion, even as revenue fell 5.6% to RMB 53.588 billion. Shandong Gold shares were trading at CNY 27.30 on Sept. 30, up 3.06% on the day; the stock remains well above its 52-week low but far below the 52-week high.