News and Announcements
CNMC Financial Statements And Presentation Slides
- Published November 11, 2015 10:10AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
11th November 2015, CNMC
- Fine gold production increased 8.3% to all-time high of 8,305 ounces
- All-in cost of production fell 13% to US$564 per ounce of gold
- Revenue slipped 1% to US$9.9M as higher output partly offset by lower selling price
- As at end-3Q 2015, cash pile almost doubled to US$18.3M from US$9.4M as at end-3Q2014
CNMC Goldmine Holdings Limited (“CNMC” or “the Company”) announced today that it produced and sold a record 8,304.67 ounces of fine gold in the three months ended 30 September 2015 (“3Q2015”), up 8.3% from the same period last year (“3Q2014”).
The increased output enabled the SGX Catalist-listed miner to weather the decline in gold prices during the quarter. Revenue was marginally down 1% at US$9.95 million compared to US$10.05 million in 3Q2014.
CNMC, which operates a gold mine in the Malaysian state of Kelantan, also reported an improvement in production costs in 3Q2015. Its all-in cost of production for every ounce of gold sold declined 13% from US$648 to US$564 in 3Q2015, reflecting the success of its ongoing efforts to improve operational efficiency.
To read the full announcement, please click here.
To view the Presentation Slides please click here.
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