- CNMC Goldmine (SGX:5TP), established in 2006 and headquartered in Singapore, commenced operations in 2007 and became the first gold miner listed on the SGX Catalist board in 2011. The company focuses on gold production, exploration, mining, and processing, with additional interests in silver, lead and zinc.
- - Read this at SGinvestors.io -
1H24 revenue was up 13.1% y-o-y
- CNMC Goldmine's 1H24 revenue was up 13.1% y-o-y to $29.7m, driven by increased gold production and favorable gold prices. The Group’s flagship Sokor mine in Malaysia’s Kelantan state saw a 27.2% rise in gold output to 9,357 ounces, with an average selling price of US$2,266 per ounce—the highest in the Group’s history.
- - Read this at SGinvestors.io -
- CNMC Goldmine’s profitability was significantly bolstered by higher gold prices and enhanced production levels, leading to the highest 1H profit in eight years.
Recent Developments
- Read more at SGinvestors.io.
June Yap SAC Capital Research | Matthias Chan SAC Capital | https://www.saccapital.com.sg/ 2024-09-16
Price targets by other brokers at CNMC Goldmine Target Prices.
Listing of research reports at CNMC Goldmine Analyst Reports.
Relevant links:
CNMC Goldmine Share Price History,
CNMC Goldmine Announcements,
CNMC Goldmine Dividends & Corporate Actions,
CNMC Goldmine News Articles
