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Shandong Gold Cuts 2026 Gold Output Target to 36-38 Tonnes
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Shandong Gold (600547.SH) announced an adjustment to its 2026 production and operation plan, lowering its mineral gold output target from the original plan of no less than 49 tonnes to a range of 36-38 tonnes. The company cited two main reasons for the downward revision: first, a safety self-inspection campaign triggered by industry safety accidents in the first half of the year, which impacted production; and second, an intensified effort to expand domestic mine infrastructure construction in the second half of the year. The company's 2025 mineral gold output was 48.89 tonnes. The 2026 output is expected to decline by 11-13 tonnes year-on-year, and net profit will be affected as a result.
Source report
September 24 — Shandong Gold (600547.SH) announced an adjustment to its 2026 production and operation plan, reducing its mineral gold output target from the previously planned minimum of 49 tons to a revised range of 36–38 tons.
The company cited two main reasons for the adjustment:
- Safety inspections triggered by industry-wide safety incidents in the first half of the year, which have impacted production volumes.
- Increased infrastructure construction at domestic mines in the second half of the year.
In 2025, Shandong Gold produced 48.89 tons of mineral gold. The company expects 2026 output to decline by 11 to 13 tons year-on-year, which will negatively affect net profit.
Source
财联社Neutral / independent
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Shandong Gold cuts 2026 gold output target by up to 26.5% on safety checks