Guotai Junan issued a report stating that due to the high price-earnings ratio valuation level, the international target price for Chinese gold was raised from HK$32.06 to HK$56.1. The bank predicts that the company's net profit will grow steadily from 2024 to 2026, mainly driven by rising metal prices and increased mineral production. Guotai Junan predicts that as the Federal Reserve cuts interest rates, the price of gold will rise this year. During the period when the Federal Reserve cut interest rates, gold assets had a high value. The market generally expects the Federal Reserve to cut interest rates this year. The only difference is the timing and frequency of interest rate cuts, but these two factors will not affect the trend of gold prices. According to Guotai Junan, China Gold International expects production at the Jiama mine to return to normal by mid-year. Last year, the company completed the tailings depot dam repair and reinforcement work as required. The company expects that the resumption of production at the Jiama mine may be approved by the government in May. The company plans to produce 43,200 to 44,500 tons of mineral copper and 148,536 to 157,861 ounces of mineral gold this year.