- CNMC Goldmine (SGX:5TP)’s 1HFY25 net profit surged 251.4% y-o-y to US$19.4 million, exceeding FY24 full year net profit of US$12.2 million.
A stellar financial performance in 1HFY25.
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- As at 30 June 2025, CNMC Goldmine had a record amount of US$37.3 million in net cash, which accounted for 62% of its net asset value. CNMC Goldmine has proposed dividend of 1.5 cents per share for 1HFY2025, more than tripling the dividend payout of 0.4 cents in 1HFY2024.
Recent capacity expansions further enhance CNMC’s competitive positioning.
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- Additionally, CNMC Goldmine is constructing a second underground mining facility at Sokor to tap higher-grade gold ore zones. Once completed, the new underground mine is expected to supplement production volumes and potentially increase the average ore grade mined, thereby raising overall gold output.
- The combination of expanded processing capacity and new mining fronts gives CNMC Goldmine a platform for organic growth in the coming years.
Price of gold has been on a strong upward trajectory.
- Read more at SGinvestors.io.
