Shandong Gold Mining Co. Ltd. said Jan. 23 that net profit attributable to shareholders for 2016 is expected to surge by between 100% and 150% from the 587.0 million Chinese yuan, or 41 fen per share, posted in 2015.

The company attributed the increase to higher sale price and volume of gold in the period.

As of Jan. 23, US$1 was equivalent to 6.86 Chinese yuan.