CNMC Goldmine Holdings business of exploring, mining, and processing of gold in Malaysia

CNMC Goldmine Holdings Limited is the first gold mining company listed on SGX. The Company and its subsidiaries, with its headquarters in Singapore, started its operations in 2006 and is principally engaged in the business of exploring, mining, and processing of gold in Malaysia. Currently, the Group is focusing on the development of the Sokor Gold Field Project which is located in the State of Kelantan, Malaysia.

5 Oct 2017

Aug 2016
Revenue rose 34.6 per cent to US$12.62 million
Earnings came in at US$4.7 million (S$6 million), up 30.9 per cent from the same period a year earlier.


Jan 2017
4Q net loss of US$1.9 million ($2.7 million) ended Dec 31, 2016, falling into the red from earnings of US$3.3 million a year ago.
This is mainly attributed to lower revenue and an unrealised foreign exchange loss of US$2.3 million in the quarter due to the depreciation of the Malaysian ringgit against the US dollar.

Revenue fell 44.2% to US$5.2 million in 4Q, from US$9.3 million a year ago.
This was due to a 52.5% drop in production and sales volume of fine gold, and partially mitigated by a 17.4% increase in average realised gold price in 4Q.

This brings CNMC to a 14.8% decline in earnings to US$9.1 million for the full year, on the back of a 4.9% fall in revenue to US$34.7 million.


May 2017
Q1 Revenue in the quarter slid 44 per cent to US$4.73 million despite a higher average realised gold price as production and sales volume of gold halved to 3,670 ounces.

CNMC recorded a net profit of US$54,834 for the three months ended March 31, down from US$4.55 million a year ago.