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Hunan Gold expects Q1'16 net loss to narrow on stronger gold, antimony prices

expects topost a net loss attributable to shareholders of between 1 million Chinese yuan and10 million yuan in the first quarter, which is lower than its previous estimateof between 20 million yuan and 30 million yuan.

The improvementwas due to better-than-expected sale prices and volumes of gold and antimony inthe first quarter, the company said in a statement filed with the Shenzhen StockExchange on April 11.

The company's netprofit dropped 83.56%year over year to 28.7 million yuan in 2015.

As of April 11, US$1 was equivalentto 6.46 Chinese yuan.