- We view CNMC Goldmine as a high-leverage opportunity on rising gold prices, as its projected to generate an average FCF of S$34mil over the next 10 years, with an FCF yield of 24%.
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Company Background
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- Its main production facility is located at the Sokor Gold Field in Kelantan, Malaysia, with buyers licensed in the country. The Group achieved its first gold pour in July 2010, with production reaching 17.9k ounces in FY24. Attributable resources totaled 710 ounces of gold in 2023.
Investment Highlights
Riding on the rising gold price.
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