CNMC Goldmine - SAC Capital 2025-03-13: All That Glitters Is Gold

• CNMC Goldmine’s FY24 results was within expectations. Revenue and net profit recorded an impressive 25% and 104% increase, respectively. This was primarily driven by significantly higher base metal prices and improved production margin. FY24 average realised gold price was US$2,455/oz versus FY23’s US$1,960/oz.

Expansion plans on track.

• - Read this at SGinvestors.io -
• We have conservatively assumed of the 60% increased capacity, only 20% is recognised in FY25 and 40% in FY26. A further 10 percentage points increase will lift our FY25 net profit forecast for CNMC Goldmine by close to 10%.

Gold prices are expected to stay elevated in the foreseeable.

• - Read this at SGinvestors.io -

We maintain our BUY recommendation.

• Read more at SGinvestors.io.

Previous report by SAC:
2024-09-16 CNMC Goldmine - Shining Brightly In Times Of Uncertainty.

Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
CNMC Goldmine News