Shandong Gold: Adjusts 2026 Mineral Gold Production Target to 36-38 Tons

[Shandong Gold: Adjusts 2026 Mineral Gold Production Target to 36-38 Tons]

Shandong Gold announced that its board of directors reviewed and approved a proposal on September 24, 2026, to adjust its 2026 production and operation plan, revising the original target of gold output of no less than 49 tons to a mineral gold output of 36-38 tons. The adjustment is attributed to safety self-inspections conducted at domestic mines in the first half of the year, enhanced safety compliance management in the second half, and ongoing infrastructure construction at domestic mines, which have reduced production workfaces. In 2025, the company's mineral gold output was 48.89 tons, with 2026 estimated mineral gold output expected to decrease by approximately 11-13 tons year-on-year. Net profit attributable to shareholders in 2026 is expected to decline year-on-year, with specific impacts subject to the audited annual financial report. This adjustment does not require shareholder meeting approval and does not constitute a commitment to the adjusted output target.