Lingbao Gold Expects H1 2026 Net Profit of 950M-1.05B Yuan, Up 42%-57% YoY

According to SmartFinance, Lingbao Gold (03330) expects net profit of approximately 950 million to 1.05 billion yuan for the six months ended June 30, 2026, representing an increase of 42% to 57% compared to approximately 670 million yuan in the same period of 2025. Revenue is projected at 7.9 billion to 8.1 billion yuan, up 1% to 4% from 7.793 billion yuan year-over-year. The profit growth is attributed to stable operational performance in H1 2026, continued cost reduction initiatives, rising gold prices relative to 2025, and the accretive impact from the 50.1% stake acquisition in St Barbara Mining Pty Ltd completed on April 2, 2026, which operates the Simberi gold mine in Papua New Guinea.
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