- CNMC Goldmine stands to be a key beneficiary, selling gold at spot prices, and we believe it’s a leveraged play on rising gold prices, with production increasing by 60% from April 2025 and a forecasted 20% rise in selling volume.
- - Read this at SGinvestors.io -
- We expect production of non-gold metals such as zinc, silver, and lead to increase by at least 50% y-o-y in FY25e, driven by improved ore grades and higher recovery rates for by-products (zinc, silver and lead).
Investment highlights
A 60% increase in gold production capacity is now in place.
- - Read this at SGinvestors.io -
- An additional upside catalyst is the second underground mining facility at Sokor, slated for completion in 2H25, which will provide access to higher-grade gold ores.
- Improved recovery rates are expected to drive higher production, and we foresee the EBITDA margin expanding by 1.6ppts y-o-y to 38.8%.
Gold price at record high.
- Read more at SGinvestors.io.
