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CNMC Goldmine (SGX:5TP) remains a prime beneficiary of rising gold prices amidst global uncertainties and increasing demand for the safe haven asset. Gold has been a standout performer, averaging US$2,266/oz in 1H24 to US$3,197/oz in 1H25, before reaching an all-time-high ~US$4,770/oz as of Jan 2026. Expectations of further rate cuts this year may increase the attractiveness of gold relative to other interest-bearing assets.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
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CNMC Goldmine’s previous 1HFY25 numbers blew past our expectations with revenue and net profit coming in at 71%/134% of our full year forecast. First-half profits have exceeded our full-year estimates and is also higher than any of CNMC Goldmine’s annual profits since IPO back in 2011. Revenue rose 78% y-o-y to US$52.8mln from higher gold prices and increased production from its flagship Sokor mine. First-half net profit came in at US$15.8mln, an increase of 256% y-o-y.
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1HFY25 CNMC Goldmine's dividends of 1.5 cents (0.4 cents interim, 1.1 cents special) represents a 29% payout ratio.
Looking Ahead
Gold prices remain elevated in 2026.
- Read more at SGinvestors.io.
