SGX’s Three Gold Miners Report 1H2020 Earnings
SGX’s three gold mining plays – CNMC Goldmine, Wilton Resources and Anchor Resources – are in different stages of the gold exploration, development and production cycle. The 1H2020 performances of the trio were impacted by COVID-19 lockdowns and travel restrictions, which curtailed operations. CNMC Goldmine swung to a 1H2020 net loss from a year-earlier net profit, but both Wilton Resources and Anchor Resources narrowed their net losses in 1H2020 y-o-y.