CNMC Goldmine Holdings Limited

CNMC Goldmine announces near-trebling of 1Q earnings to $1.9 mil on higher gold output

SINGAPORE (May 14): CNMC Goldmine Holdings posted earnings of US$1.4 million ($1.9 million) for 1Q19, the group’s highest quarterly profit attributable to shareholders since 3Q16, and nearly triple of its earnings of US$0.5 million a year ago.  

The bottomline growth was largely attributed to a rise in gold output as the group’s flagship Sokor project in Kelantan, Malaysia, generated economies of scale.

CNMC Goldmine's 3Q earnings halve to US$1.1 mil on reduced output

SINGAPORE (Nov 10): CNMC Goldmine has announced earnings of US$1.1 million ($1.5 million) for the quarter ended Sept, down 51.8% from its earnings of US$2.25 million a year ago on lower revenue and higher capital expenditure.

Revenue for the quarter nearly halved to US$4.7 million from $8.5 million in 3Q16 as lower ore grades crimped the group’s production and sales volume of fine gold.

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