Shandong Gold stock cuts 2026 gold target to 36 to 38 tonnes
Published on 10/01/2026 at 06:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shandong Gold stock was trading at CNY 27.30 on the Shanghai Stock Exchange on September 30, 2026, up 3.06 percent from the prior close of CNY 26.49. The key company development is a lower 2026 production plan, while first-half profit growth remains a counterweight.
Production target moves lower
According to Shandong Gold on September 24, 2026, the board approved a 2026 mine-produced gold target of 36 to 38 tonnes. The previous plan called for at least 49 tonnes, creating a quantified reduction of 11 to 13 tonnes in the target range.
The same announcement said mine-produced gold output reached 48.89 tonnes in 2025. Domestic mine construction, safety measures and resource integration projects are weighing on near-term output, while overseas mines are intended to offset part of the reduction.
Profit rises as revenue contracts
Investing.com reported on August 31, 2026, that first-half 2026 net profit attributable to shareholders reached RMB 3.543 billion, up more than 26 percent year over year. Revenue fell 5.6 percent to RMB 53.588 billion during the same period.
That combination points to a stronger profit contribution from the companys gold operations despite lower revenue. For investors, the main tension is visible in the numbers: earnings improved, but the production plan now sits below the original 49-tonne threshold.
Shanghai quote and valuation context
On Shanghai, Shandong Gold was trading at CNY 27.30 on September 30, 2026, with a 52-week range of CNY 22.55 to CNY 65.55. Its market capitalization was CNY 125.9 billion on the same date, and the latest quote stood 21.06 percent above the 52-week low.
The company operates in gold mining, refining and related precious-metals activities. Its next earnings date is October 29, 2026, according to Investing.com.
Shandong Gold stock facts
- Company: Shandong Gold Mining Co., Ltd.
- Ticker: 600547
- Primary exchange: Shanghai Stock Exchange
- Market capitalization: CNY 125.9 billion as of September 30, 2026
- Sector / Industry: Basic Materials / Gold
- Next earnings date: October 29, 2026
