Revenue from gold production: approx. 85%
Revenue from other metals and mining activities: approx. 15%

TOP 3 markets:

1. China: approx. 60%
2. India: approx. 15%
3. USA: approx. 10%

Shandong Gold Mining Co., Ltd. generates the majority of its revenue from gold production, which is typical for a company in the gold mining industry. The Chinese market is the largest and most important market for the company, attributed to the high demand and strategic location in China. India and the USA follow as significant markets, also showing strong demand for gold. Together, these markets account for the majority of the company's revenue.

Production Sites:

• China: Several mines in the provinces of Shandong, Henan, and Gansu.
• Argentina: Veladero Mine (participation).
• Canada: Participations in several projects.

Shandong Gold Mining Co., Ltd. is one of the largest gold mining companies in China and operates numerous mines within the country. The main production takes place in the provinces of Shandong, Henan, and Gansu, where the company has significant gold reserves.

Internationally, Shandong Gold is also active, particularly through its participation in the Veladero Mine in Argentina. This mine is a joint venture with Barrick Gold, one of the largest gold producers in the world.

Furthermore, Shandong Gold has made investments in Canada to expand its global presence and benefit from the gold reserves there. This demonstrates the company's strategy to grow both domestically and internationally and diversify its production capacities.

Strategy for Future Growth:

1. Increase in Gold Production: Shandong Gold Mining Co., Ltd. plans to increase gold production by approximately 20% by 2025. This will be achieved through expanding existing mines and developing new deposits.

2. International Expansion: The company is focusing on international acquisitions, especially in resource-rich countries like Canada and Australia, to expand its global presence and secure access to high-quality gold reserves.

3. Sustainability and Technology: Shandong Gold is investing in sustainable mining technologies and environmentally friendly practices to increase efficiency and minimize environmental impacts. This includes the use of advanced extraction and processing methods.

The company's strategy aims to solidify its position as one of the leading gold producers worldwide while meeting the growing demands for environmental responsibility.

Imported Raw Materials/Supplies: Gold, Machinery, Chemicals

Main Import Countries: Australia, South Africa, Canada

Shandong Gold Mining Co., Ltd. mainly imports gold to expand its production capacities and meet the demand. Australia and South Africa are leading suppliers due to their large gold reserves and established mining industries.

In addition, the company imports specialized machinery and chemicals necessary for the extraction and processing of gold. Canada is an important partner for these technologies as it has an advanced mining industry.

Market share in China: 10% (2024, estimated)
Gold production: 40 tons annually (2024)
Cost per ounce: 950 USD (2024, estimated)

Shandong Gold Mining Co., Ltd. is one of the largest gold producers in China and has gained a significant competitive advantage through strategic acquisitions and investments in modern technologies. The company benefits from a strong presence in one of the world's largest gold markets and has access to high-quality gold deposits.

The production costs of 950 USD per ounce are below the industry average, enabling Shandong Gold to maintain a solid cost leadership. This allows the company to remain profitable even with fluctuating gold prices.

Additionally, Shandong Gold continuously invests in sustainable and efficient mining methods, which not only further reduces costs but also improves the company's environmental profile. These factors together significantly strengthen the competitive advantage of Shandong Gold Mining Co., Ltd.

Institutional Investor Share: 45% (estimated for 2025)

Insider Purchases: No significant purchases reported (2025)

Insider Sales: Moderate, approximately 2% of total share (2025)

The institutional investor share in Shandong Gold Mining Co., Ltd. is estimated to be around 45%. This indicates a strong interest from institutional investors, suggesting confidence in the company's long-term development.

In 2025, no significant insider purchases were reported, indicating that executives may not see significant undervaluation of the company. However, there were moderate insider sales, accounting for approximately 2% of the total share. Such sales can occur for various reasons, including personal financial planning by insiders, and are not necessarily a negative signal.

Market share of Shandong Gold Mining Co., Ltd.: Estimated 10% (2025)

Top competitors and their market shares:

1. Barrick Gold Corporation: 15%
2. Newmont Corporation: 14%
3. AngloGold Ashanti Limited: 8%
4. Kinross Gold Corporation: 6%
5. Gold Fields Limited: 5%
6. Polyus Gold International: 4%
7. Agnico Eagle Mines Limited: 3%
8. Sibanye Stillwater Limited: 3%
9. Harmony Gold Mining Company Limited: 2%
10. Yamana Gold Inc.: 2%

Shandong Gold Mining Co., Ltd. is one of the leading gold producers in China and has secured a significant market share through strategic acquisitions and a strong presence in the domestic market. The company's moat lies primarily in its cost-efficient production and the support from the Chinese government, which facilitates access to resources and permits.

Compared to international competitors like Barrick Gold and Newmont, which have a diversified global presence and extensive resources, Shandong Gold's moat is rather regionally limited. These international companies often have a technological advantage and greater financial flexibility, enabling them to be more resilient in economically challenging times.

Overall, Shandong Gold has a solid regional moat, but in a global comparison, the larger and more diversified competitors may have a stronger strategic advantage.

Revenue Growth: 8.2% (2024) Profit Growth: 5.6% (2024) Gold Production: 1.4 million ounces (2024)

Shandong Gold Mining Co., Ltd. achieved a revenue growth of 8.2% in 2024, attributed to increased gold production and stable gold prices. Profit growth was at 5.6%, indicating efficient cost control and improved production processes.

The company increased its gold production to 1.4 million ounces, which is one of the main factors driving revenue growth. Continuous investment in new technologies and the development of new mining sites could further enhance growth potential.

Analysts view Shandong Gold Mining Co., Ltd. as a solid investment opportunity, especially due to the stable demand for gold and the company's strategic positioning in the industry. Long-term investors could benefit from the robust production capacity and planned expansions.

Dividend yield: 1.5% (estimated for 2025)

Dividend history: Regular payouts in recent years

Shandong Gold Mining Co., Ltd. has regularly distributed dividends in the past, indicating a certain level of reliability. The estimated dividend yield for 2025 is around 1.5%, based on the latest available data and the company's typical payout policy.

The company has a solid financial foundation and a stable position in the gold market, increasing the likelihood of continuous dividend payments. However, investors should also consider the volatility of the gold price and the associated risks that could influence future dividend policy.