CNMC Goldmine - Phillip Securities 2026-03-02: Rising Volumes Meet Soaring Prices

• CNMC Goldmine (SGX:5TP)'s FY25 PATMI exceeded our forecast at 123% of our full year estimates. This was due to a 65.4% increase in fine gold production in 2H25 alongside a 22.5% rise in average selling price. A 7.8% y-o-y decline in all-in costs for 2H25 was due to fixed costs spread across a larger volume of gold. Provision for US$7.3mil in potential tax liabilities has also been made.
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The Positives

Expanded CIL facility boosted gold production volumes in 2H25.

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• By 2027, CNMC Goldmine will launch two new vertical shafts to target deeper, higher-grade ore. Combined with long-term plans to further expand the CIL facility, these upgrades will likely scale production by high-teens.

Per ounce cost dipped from strong operating leverage in 2H25.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2026-01-18 CNMC Goldmine - Scale Up, Grade Up, Cash Up.

Price targets by 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